Victory! Tax breaks for classroom expenses extended

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http://www.nea.org/lac/edtax/
Congress has extended the $250 tax deduction for out-of-pocket classroom
expenses incurred by teachers and paraprofessionals for the 2004 and
2005 tax years. In 2002, Congress passed legislation giving teachers and
paraprofessionals a $250 federal tax deduction for teacher and
paraprofessional out-of-pocket expenses for instructional materials and
classroom supplies. The legislation represented an acknowledgment for
the first time that teachers and paraprofessionals are spending their
own money to equip their classrooms. This modest tax break expired at
the end of 2003. NEA and some lawmakers worked throughout the year to
reinstate the deduction and will continue to work to make the deduction
permanent and to expand eligible expenses to include professional
development. NEA continues to push for a permanent deduction, an
increase to $400, and an extension to cover professional development
expenses.


Tax breaks for classroom expenses extended  - Tax breaks for classroom
expenses extended. The extension provides a $250 federal deduction for 
out-of-pocket
expenses and supplies. ...
http://www.massteacher.org/news/headlines/news_2004-09-24.cfm


USATODAY.com - Lawmakers OK extension of middle class tax breaks  - ... of a
research and experimentation tax credit, costing ... An additional $419
million in breaks would be ... a deduction for teachers' out-of-pocket 
classroom
expenses. ...
http://www.usatoday.com/news/washington/2004-09-22-tax-breaks_x.htm


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