![]() Similarly, pingbacks and other links will be disregarded for purposes of the contest. Offensive comments or comments that otherwise violate the comment policy will be deleted and will not be considered valid for purposes of the contest.You can enter as many times as you like but you must leave a different answer each time you comment.You must leave your comment on the blog at this post. I love my Twitter followers and my Facebook fans but for this particular giveaway, tweets and Facebook comments will not be counted.If you have difficulty registering, please send an email to and copy me so that I can help if I need to/can. If it goes to moderation because, for example, you’re new here, the time stamp on your comment is what counts. Don’t panic if your comment doesn’t show immediately.I’ll choose the winner randomly (using a number generator) out of all of the qualifying entries.īe sure and read the fine print for more rules because, as you know, I’m a lawyer and I like rules: Matros.Įntries must be posted in the comments section for this blog post in the space below by 5:00 p.m. You don't have to be a teacher to win the gift card - it's open to everyone who is not otherwise restricted (read the fine print below)! To enter to win, just post a comment below telling me the name of one of your most memorable teachers. Jo-Ann offers some specific teacher-only benefits: check out to learn more about the Jo-Ann rewards program, product offering, classroom inspiration and to get your free 2014-2015 lesson planner. It's perfect for teachers who are already ponying up for supplies. For carrying on your trade or business of being an employee, andĪs with all of your deductions, you'll want to keep excellent records (save those receipts!).Īnd that brings us to today’s giveaway - the first of the Back to School series! Jo-Ann Fabric and Craft Stores will provide a gift card worth $100 to one lucky reader.For purposes of the deduction, unreimbursed employee expenses must be: You don't have to be a teacher to claim the unreimbursed employee expenses but the rules make it clear that educator expenses not claimed elsewhere on your return qualify for the deduction. In contrast, if your AGI is $50,000 and your unreimbursed employee expenses are $700, you may not claim any of those expenses ($50,000 x 2% = $1,000 which is greater than $700). ![]() The 2% rule means that you can only deduct expenses which are in excess of 2% of your adjusted gross income (AGI).Īs an example, if your AGI is $50,000 and your unreimbursed employee expenses are $1,500, you can claim $500 ($50,000 x 2% = $1,000 which means that you can only deduct the amount ($500) of your expenses which exceed $1,000). ![]() Without the educator expense deduction, teachers and other school employees still have one more bite at the apple in 2014: those taxpayers who itemize may claim unreimbursed employee expenses on a Schedule A subject to the 2% rule. That means that you may claim it on your tax year 2013 tax return (if you're still on extension) but you may not claim it on your 2014 tax return (assuming that Congress doesn't renew it retroactively). The educator expense deduction expired after December 31, 2013. It was a nice break for educators but one that Congress didn't see fit to renew. For purposes of the deduction, eligible educators were defined as teachers, instructors, counselors, principals or aides for kindergarten through grade 12 who put in at least 900 hours during the school year in a school that provides elementary or secondary education, as determined under state law. Report the deduction on either line 23 of the federal form 1040 or line 16 of form 1040A - it's available even to those eligible educators who did not itemize in 2013. If your spouse had qualified out of pocket educator expenses and you file jointly, you could claim up to $500. Under the rules, if you were an eligible educator, you could deduct up to $250 of any unreimbursed expenses paid or incurred for books, supplies, computer equipment, other equipment, and supplementary materials used in the classroom those expenses must have been paid or incurred during the 2013 tax year. With many schools struggling to keep the lights on, teachers often find themselves dipping into their own pockets to buy books and supplies for "their" kids.įor the 2013 tax year, the IRS offered teachers and other eligible educators a little bit of a break. "But," I pushed, "This is your money." She looked at me and said, simply, "These are my kids." And they were. When I asked one day if I could help out, she shook her head. They were paid for out of pocket by the teacher. Those supplies weren't being topped up by the school.
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