Month: August 2022

News Tax Update

New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022

August 10, 2022 • News, Tax Update • by jlm203

WASHINGTON – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they’ll be able to deduct up to $300…

News Tax Tip Tax Update

From markers to face masks, classroom supplies may be tax deductible.

August 3, 2022 • News, Tax Tip, Tax Update • by jlm203

Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators…