It’s time to face facts: Summer is winding down and “back to school” is in the air. Teachers and other educators have been working hard ahead of the school year to prepare their classrooms. The IRS is reminding qualified educators that they may deduct up to $300 of unreimbursed expenses on their 2023 tax returns. Qualified expenses include books, classroom supplies, computer equipment and professional development tuition costs. To qualify for the deduction, a taxpayer must be a teacher or other educator of kindergarten through 12th grade students and work at least 900 hours during the school year. Note that both public and private school educators qualify for the deduction.
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