For 2008 and 2009 teachers and other education professionals can deduct up to $250 of certain out-of-pocket classroom expenses. These expenses include but are not limited to the cost of books, supplies, equipment, and software used in the classroom. First introduced in 2002, this deduction is available to qualified educators regardless of whether or not they itemize their deductions.
Tax Tip: Classroom expenses that exceed $250 and non-classroom supplies may be deducted as an employment-related miscellaneous itemized deduction subject to the 2% floor for taxpayers who itemize.
Check out our list of 40 Tax Breaks that you could use to get your largest tax refund ever in 2009.
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