Saturday, August 21, 2004

Teachers Losing Tax Breaks For Class Supplies

According to an article published August 15th in the Los Angeles Times, classroom teachers are losing modest tax credits and deductions that had been allowed in both Federal and State of California income tax returns. These changes will be effective for the 2004 tax year. The cost to practicing teachers will range from a few hundred dollars for first-year teachers to approximately $1200 for those educators with several years of experience.