Re: Tax Deductions for Professional Development

[Judy Crocker <drummer@rt66.com>]

12 August

Dear Netters,

The AASL national conference may be invigorating and inspirational, but
it  only MAY be tax deductible.  People need to check with their own tax
advisors, but I think the law goes more like this:

Only people who itemize deductions can include unreimbursed educational
costs on their Schedule A, in the miscellaneous deductions section.
Itemized deductions need to be more than the standard deduction for the
Schedule A to have any impact. Of those miscellaneous deductions, only
the total amount of expenses in excess of 2% of adjusted gross income
can be deducted.  Employees who attend conferences to meet the minimum
requirements of their current jobs cannot deduct any of their expenses.
It's better than nothing,  but it isn't totally deductable.

Judy Crocker
Chamisa Elementary Library
301 Meadow Lane
Los Alamos, NM  87544
drummer@rt66.com

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