Tax Deductions As A Teacher You May Not Be Aware Of
Posted on: 7 September 2018
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As a teacher you probably purchase quite a bit of things out of pocket to have for your students and to help you teach them. You may get reimbursed on a few items, but there is most likely a lot of purchases that you don't get a refund for. These items may be tax deductible. Read on for tax deductions as a teacher you may not be aware of.
Union, Membership Or Registration Fees
If you are part of a union as a teacher, those fees may be tax deductible. You may also be able to deduct registration fees as well. If you've paid for subscriptions for magazines that you can use in the classroom, those subscriptions may also be deducted. Be sure to keep all paperwork and receipts for fees paid for these items.
Travel Expenses Or Use Of Your Personal Car
If you've needed to use your personal car for travel such as field trips or school functions that don't offer a bus, you may be able to deduct mileage or gas. Also if you've used your personal car to go to meetings or to a seminar, you may also be able to deduct the mileage for these as well. Keep track of your mileage for these types of things.
Classroom Equipment And Supplies
Equipment for your classroom that you may have had to purchase such as a laptop, printer, tablet, musical instruments or other types of equipment that are used to help you teach your students can also be deducted. Keep all receipts for these items and write down what they are used for. Supplies used for your students can also be deducted. When you're purchasing supplies after donated supplies run out, these supplies can be deducted. Prizes that you've purchased for your students can be deducted, as well.
Self-Education Fees
If you're taking classes or going to seminars to update your own education or to train you in other areas related to teaching, you can deduct these fees as well. Keep all paperwork and receipts related to these classes or seminars to be deducted.
If you're a teacher, you most likely spend a good portion of your own paycheck for your students. As an educator, you're putting those extra purchases to good use. Get paid back for some of these things by claiming them on your taxes. Keep all receipts for everything you've purchases relating to your job and take them with you when you file for your taxes. Talk to a tax professional, like Jeffrey Beebe CPA, about what other things you may be able to deduct.