Jennifer Procel

teacher in front of class

Teacher Taxes: How Does The Educator Expense Tax Deduction Work?

Are you a teacher getting ready to file 2020 taxes? The average teacher spends nearly $500 of their personal money each year on classroom supplies, which means you are likely eligible for the educator expenses tax deduction.    First off, we want to explain that this is not a true deduction, but an income adjustment. …

Teacher Taxes: How Does The Educator Expense Tax Deduction Work? Read More »

What Is The Earned Income Credit And How Much Can You Get Back

What is the Earned Income Credit and how much can you get back?

The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. The credit reduces the amount of tax you owe and may give you a refund. To qualify, you must meet the following criteria: 1. You, your spouse (if applicable), and all listed qualifying children must have social security numbers;2. …

What is the Earned Income Credit and how much can you get back? Read More »

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