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New Member
posted Jan 27, 2024 8:08:51 AM

Teacher tax credit? Is it worth it to pay for the additional form or stay with basic turbo tax

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2 Replies
Level 15
Jan 27, 2024 8:16:43 AM

What teacher tax credit are you asking about?  Do you mean the deduction if you are a K-12 teacher?  That is not an itemized deduction.  It does not go on Schedule A with itemized deductions such as mortgage interest.

 

TEACHER EXPENSES

Go to Federal>Deductions and Credits>Employment Expenses>Teacher (Educator) Expenses

 

https://www.irs.gov/taxtopics/tc458

 

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https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

 

Expert Alumni
Jan 29, 2024 4:11:30 PM

The deduction is up to $300. You may have spent less. Determine that amount  you can claim times your tax rate and see if it is worth upgrading. For example, if you are in the 10% tax bracket, it would save you about $30 whereas if you are in the  35% tax bracket it would save you $105 and may be worth the upgrade.