Enriching Education: Teacher Expense Survey

 With Teacher Appreciation Week and Tax Day on the horizon, you might be interested in a new study showing that Teachers spend 3X more than they're able to deduct. 

Important data points:

• The typical teacher spent an average of $820.14 out of pocket on school supplies in 2022 — the largest amount ever
  
• In all, teachers across the US spent an estimated $3 billion on essential items to help their students succeed, like pencils, paper, cleaning supplies, books, software, and other materials.
  
• The educator expense deduction was enacted just over 20 years ago in 2002, giving teachers the ability to deduct up to $250 of out-of-pocket classroom expenses when filing their federal tax returns.
  
• For the 2022 tax year being filed now, the maximum deduction has only increased ever so slightly to just $300.
  
• If the maximum educator expense education had kept pace with inflation since its passing in 2002, teachers would be able to deduct over $400 in expenses, but that’s not the case.

Here's the full link to the study: https://myelearningworld.com/teacher-tax-report-2023/