IRS gives teacher tax break for school supplies, but it’s hardly enough
While students and parents may be excited about back-to-school season, this time of year can be particularly stressful for those working in the education system. On top of being wildly underpaid, faculty responsible for a student’s education, development, and safety are forced to operate with little to no resources. The lack of funding puts teachers in an unnecessarily selfless position, where they dip into their wallets to fund the curriculum. The Internal Revenue Service (IRS) announced this month that educators teaching kindergarten through Grade 12 can deduct up to $300 of expenses when they file their federal income tax return next year, even if they take the standard deduction. Here’s what to know:
While a $300 deductible may be nice, it can’t be the only incentive for those trusted with educating and caring for the youth of this country.
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