The Internal Revenue Service today reminded teachers and other educators planning ahead for 2022 that they’ll be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return next year. This is the first time the annual limit has increased since the special educator expense deduction was enacted […]

The post For the first time, maximum educator expense deduction rises to $300 in 2022; limit $250 for those filing 2021 tax returns appeared first on The Lakewood Scoop.