Educator Expenses Deduction


DEFINITION of 'Educator Expenses Deduction'

An above-the-line deduction for teachers and other education professionals to compensate for unreimbursed out-of-pocket expenses incurred in the course of their teaching duties. The educator expenses deduction is intended to provide a measure of tax relief for teachers and educators.

BREAKING DOWN 'Educator Expenses Deduction'

This deduction is not subject to the 2% adjusted gross income (AGI) floor like most other unreimbursed employee expenses; it is a deduction for AGI and not an itemized deduction. An educator expenses deduction can be claimed by teachers, instructors, counselors, principals, and educational aides provided they work at least 900 hours in a given school year.

  1. Tax Return

    1. The tax form or forms used to file income taxes with the Internal ...
  2. Itemized Deduction

    A deduction from a taxpayer's taxable adjusted gross income that ...
  3. Deduction

    Any item or expenditure subtracted from gross income to reduce ...
  4. Adjusted Gross Income - AGI

    A measure of income used to determine how much of your income ...
  5. Ontario Teachers' Pension Plan ...

    An organization that oversees the pension plan for public school ...
  6. Teacher Retirement System - TRS

    An organization that is specifically set up for teachers to help ...
Related Articles
  1. Taxes

    Changes In Tax Legislation And Regulation

    Keeping on top of these amendments can help you avoid penalties and take advantage of benefits.
  2. Retirement

    Tax Tips For The Individual Investor

    We give you seven guidelines to help you keep more of your money in your pocket.
  3. Taxes

    Don't Put Off Your Year-End Tax Plan

    From sales tax deductions to credit reports, check out what items should be on your financial checklist.
  4. Taxes

    10 Money-Saving Year-End Tax Tips

    Getting organized well before the deadline will curb your frustration and your tax liability.
  5. Investing

    The Number One Reason Why Most Traders Fail

    We show you the simple tools, availble to everyone, to succeed as an active trader: education, experience, charts, vision, and risk management systems.
  6. Savings

    5 Secrets You Didn't Know About A 529 Plan

    Start saving for college as soon as possible after your kids are born – and keep these details in mind.
  7. Personal Finance

    Resume How-to's For Teachers

    Resume skills are important for every teacher whether you're just starting out or mid-career. Use these pointers.
  8. Economics

    An Introduction to Government Loans

    Government loans further policymakers' efforts to create positive social outcomes by offering timely access to capital for qualified candidates.
  9. Credit & Loans

    Student Loan Reality Check

    With college students back in classes for the fall semester, their parents can only hope that they are making the best use of their time and money.
  10. Professionals

    Get An Academic Finance Career

    Working nine months a year and earning a six-digit salary might seem like the high life, but these jobs are not easy to come by.
  1. What country spends the most on education?

    The United States spends more money educating its young people than any other nation, according to a study from the Organization ... Read Full Answer >>
  2. What's the average salary of a human resources (HR) specialist?

    The annual salary of human resources (HR) specialists ranges widely. As of 2013, the top 10% earned $95,600, whereas the ... Read Full Answer >>
  3. What's the difference between a CFA and a CPA?

    There is understandable confusion between different financial professionals and their designations. The difference between ... Read Full Answer >>
  4. Who is eligible for a Teacher Retirement?

    Teachers help to produce the leaders of tomorrow and put forth a lot of hard work and sacrifice to do so effectively. With ... Read Full Answer >>
  5. I'm a teacher. Which is better for me, a 401(k) or 403(b)? What is the difference? ...

    The first step is to check with your employer regarding any retirement plan(s) it provides for employees, as you can only ... Read Full Answer >>
  6. I am a teacher in a public school system and I don't presently have a 403(b) plan, ...

    If you establish a 403(b) account under the school's 403(b) plan, you may roll the Traditional IRA assets to the 403(b) account. ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  2. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
  3. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  4. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  5. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  6. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!