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The Newsroom

Teachers Should Save Receipts for Educators’
Deduction

IR-2003-106, Sept. 2, 2003WASHINGTON — As the new school
year begins, the Internal Revenue Service reminds teachers
and other educators to save their receipts for purchases of
books and classroom supplies. These out-of-pocket expenses
may lower their 2003 taxes.The deduction is available to
eligible educators in public or private elementary or
secondary schools. To be eligible, a person must work at
least 900 hours during a school year as a teacher,
instructor, counselor, principal or aide.Taxpayers may
subtract up to $250 of qualified expenses when figuring
their adjusted gross income (AGI) for 2003. This deduction
is available whether or not the taxpayer itemizes
deductions on Schedule A.The IRS suggests that educators
keep records of qualifying expenses in a folder or envelope
with a label such as “Educato...See More


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