for Educator Expenses
If you are an eligible educator,
you can deduct as an adjustment to income up to $250 in qualified expenses.
You can deduct these expenses even if you do not itemize deductions on
Schedule A (Form 1040). This adjustment to income is for expenses paid or
incurred in tax years beginning during 2002 or 2003. Previously, these
expenses were deductible only as a miscellaneous itemized deduction subject
to the 2% of adjusted gross income limit.
Eligible educator. You are an eligible educator if,
for the If you have an NOL from a tax year ending during 2001 or tax year,
you meet the following requirements.
are a kindergarten through grade 12:
c) Counselor, Principal, or
d) e) Aide.
at least 900 hours during a school year in a school that provides elementary
or secondary education, as determined under state law.
Qualified expenses. These are unreimbursed expenses
you paid or incurred for books, supplies, computer equipment (including
related software and services), other equipment, and supplementary materials
that you use in the classroom. For courses in health and physical education,
expenses for supplies are qualified expenses only if they are related to
To be deductible as an adjustment
to income, the qualified expenses must be more than the following amounts for
the tax year.
interest on qualified U.S. savings bonds that you excluded from income
because you paid qualified higher education expenses,
distribution from a qualified tuition program that you excluded from income,
tax-free withdrawals from your Coverdell education savings account.