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Teacher Tax Break Still Available
Deduction Extended for Out-of-Pocket Costs

Recent tax legislation extended the deduction to December 31, 2007, for out-of-pocket expenses incurred by teachers.

If you are an elementary or secondary school teacher, aide, counselor, principal, or other eligible educator who worked at least 900 hours in a school during 2007, you may deduct up to $250 for classroom supplies that you purchased during the year.

You may claim the deduction even if you do not itemize deductions. Qualifying costs for the deduction include books, supplies, equipment, computer equipment (including related software and services), and other materials used in the classroom.

Currently, there is no law that allows teachers who home-school their children to take this deduction for supplies they purchase for the classroom.
 

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