Greater Tax Deductions for K-12 Teachers
Andrea Stewart-Cousins
June 13, 2013
A bill that would increase the deduction amount that teachers at public or non-public schools can claim on their income tax return was announced today. Because many of our teachers selflessly spend hundreds of their own hard-earned dollars on supplies for their classrooms and students, they should not be taxed for using their own money to provide better public services to New York's children.
Teachers can currently claim up to $250 in classroom expense deductions on their federal tax returns, however, the average teacher spends $589 per year on classroom expenses, leaving them unable to deduct more than half of their expenses. Senate Bill S.3626 would amend the current law to allow teachers to deduct up to $450 of their out-of –pocket costs per year.
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