Solved: Can I deduct books for my classroom library & prizes for my classroom from places like Party City as job related expenses beyond the $250?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

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.

1 Best answer

Accepted Solutions
Expert Alumni

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

View solution in original post

1 Reply
Expert Alumni

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

View solution in original post

Dynamic Ads
v
Privacy Settings