Thursday, November 23, 2017

Teachers

Much ado about nothing. Critics of the new tax plan complain that teachers will no longer be able to deduct out of pocket expenses for classroom activities. Under current law teachers can deduct $250 of unreimbursed expenses and that saves them $30 in taxes. This practice is most prevalent in new teachers who are trying to build up supplies. It is ridiculous that the teacher must buy these materials as there is no reason why the school should not provide them. Who wants to spend $250 so you can deduct $30 from the tax you own.

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