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Can I deduct books for my classroom library & prizes for my classroom from places like Party City as job related expenses beyond the $250?
I have already deducted the standard $250, but have spent more than that towards my classroom supplies. I am trying to find out if these additional expenses can be deducted.
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Can I deduct books for my classroom library & prizes for my classroom from places like Party City as job related expenses beyond the $250?
Yes, if you paid expenses above and beyond the $250 for your classroom see the explanation below.
- If you had qualified expenses in excess of the amount that you can take as an adjustment to gross income, you can deduct them as an itemized deduction subject to the 2% limit on miscellaneous itemized deductions.
- Click this link for more information: IRS Topic 458-Educator Expense Deduction
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Can I deduct books for my classroom library & prizes for my classroom from places like Party City as job related expenses beyond the $250?
Yes, if you paid expenses above and beyond the $250 for your classroom see the explanation below.
- If you had qualified expenses in excess of the amount that you can take as an adjustment to gross income, you can deduct them as an itemized deduction subject to the 2% limit on miscellaneous itemized deductions.
- Click this link for more information: IRS Topic 458-Educator Expense Deduction