Teachers Could Lose Necessary Tax Deduction That Reimburses for $500 School Supplies Spending
The new proposed tax reform bill would eliminate a necessary tax break for teachers.
Under the current code, teachers can receive a deduction of up to $250 from their taxes for the large amounts of money spent on school supplies. It’s estimated that teachers spend an average of up to $500 out of their own pockets on supplies for their students.
The new tax code seeks to eliminate that deduction. Several teachers unions have staunchly opposed the new tax code. The National Education Association has stated that, ”99.5 percent of educators dip into their own pocketbooks to provide supplies and instructional materials for their students.”
NEA President Lily Eskelsen García added, “as educators spend more and more of their own funds each year to buy basic essentials, Republican leaders chose to ignore the sacrifice made by those who work in our nation’s public schools to make sure students have adequate books, pencils, paper and art supplies.”
Read more at the Washington Post.