Teachers may lose tax break for school supplies [View all]
WASHINGTON — Unless Congress acts soon, teachers will be shelling out more of their own money for school supplies.
Lawmakers have yet to renew a popular tax provision that lets teachers deduct $250 in classroom expenses on their federal tax returns. For months, it’s been caught in the political crossfire of about 50 other tax breaks that expired at the end of last year.
“Texas teachers have long spent funds out of their own pockets for their own classrooms,” said Holly Eaton, director of professional development and advocacy at the Texas Classroom Teachers Association. “With budget cuts … the amount of those expenditures has likely increased.”
The provision is expected to be extended, though it’s uncertain for how long.
Read more: http://www.dallasnews.com/news/politics/headlines/20141201-teachers-may-lose-tax-break-for-school-supplies.ece
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