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Industry News

Congress Approves Extension of the Educator Tax Deduction

According to the EDmarket Retail Market Awareness Study, teachers routinely spend an average of $347 to buy classroom materials for their schools out of their own pockets.. That is why the Education Market Association has supported the Educator Tax Deduction for classroom-related purcased for many years, and even urged legislators to increase the amount. Make sure all of your customers know they have $250 to spend with you. The deduction is claimed directly on Form 1040 as an adjustment to income so there's no need for your customers to itemize to get the break on class-related expenditures.


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An Update on Education Developments from Capitol Hill

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