Educator Expense


M

mr b

Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?

Thank you
George L. Anthony
(e-mail address removed)
 
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P

Paul A Thomas

mr b said:
Was the educator expense deduction reinstated for 2004?
Yes.

Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?
It's on the draft because some smart person at the IRS
figured correctly that it would be reinstated.
 
A

A.G. Kalman

mr said:
Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?

Thank you
George L. Anthony
(e-mail address removed)
Reinstated by PL 108-696.
 
A

A.G. Kalman

mr said:
Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?

Thank you
George L. Anthony
(e-mail address removed)
First reply had the wrong P.L. It is P.L. 108-311
 
W

Wayne Brasch

mr b said:
Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?
It did expire in 2003. There is no longer an adjustment to
income for educator's expenses. That line 23 on the Form
1040 for 2004 now is for Deduction for clean-fuel vehicles.

Wayne Brasch, CPA, M. S. Taxation

Wayne Brasch
 
C

CBotella

The educator expense deduction of $250 has been extended
until 2010.

Kate, EA in PA
 
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A

Arthur Kamlet

mr b said:
Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?
Yes, the deduction was due to expire after 2003 but the
Working Families Tax Reform Act of 2004 put it back in.

__
Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH
 
H

Harlan Lunsford

mr said:
Was the educator expense deduction reinstated for 2004?
Looking at the draft Form 1040 there is a line 23 for
educator expense. I thought that it was to expire in 2003?
It was, but reinstated by the new act signed just this past
Monday by the President.

ChEAr$,
Harlan Lunsford, EA n LA
 
W

Wayne Brasch

It did expire in 2003. There is no longer an adjustment to
income for educator's expenses. That line 23 on the Form
1040 for 2004 now is for Deduction for clean-fuel vehicles.
The information I gave above was concerning the 2004 Form
1040 draft dated 07/16/2004. On the one now on the IRS
webpage dated as of 09/29/2004, line 23 of that form is now
for Educator expenses as it was for 2003. I don't know what
happened to the adjustment to income for clean-fuel vehicles
that was on line 23 of the draft dated 07/16/2004.

Sorry for any confusion I may have caused. Before the
Office of Management and Budget approves any tax form, they
may go through many changes dependent upon what Congress may
or may not do.

Wayne Brasch, CPA, M. S. Taxation
 
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