Tax+Breaks+for+Teachers

//Teachers qualify for numerous tax deductions. It is important to check with an accountant, but here are some of the things you should generally keep track of (document, keep receipts, etc.)://


 * Conference Expenses**


 * Conference Registration
 * Hotel
 * Meals
 * Professional Dues (such as membership in MiWLA or CSC or ACTFL)
 * Transportation to and from the conference


 * Education/Professional Development**


 * Books
 * Mileage
 * Tuition


 * Mileage**

To and from anything that is work-related, but not a part of your regularly scheduled duties. . . things like attendance at after school or extracurricular events, field trips in your own car, mileage to and from school to supervise special club activities, transporting visiting exchange students around, etc.


 * Supplies**

Anything you buy for use in your classroom (you can't deduct the full amount, but you can deduct a certain percentage). user:chericem1


 * Tax Forms**

Here are some forms to get your money back for being a teacher/college student or at least substantially reduce the amount you owe.

There are instructions for filing your 1040 form (Deductions for Educators Expense) for out of pocket expenses in your classroom. You can claim up to 250 dollars for purchases you've made for your teaching, including textbooks. I like the left side link titled "What's hot." The IRS is so HOT right now!

http://www.irs.gov/newsroom/article/0,,id=107557,00.html

Here's your 8863 form for your education credits. We can get some money back because of the tuition that we're paying (they do not include loans for cost of living). I think that you can still refile with an amended return even if you've already filed. It's kind of a pain to fill out the extra paperwork but you get a lot more money back.

http://www.irs.gov/pub/irs-pdf/f8863.pdf

user:kimdebra