Educator Expenses?


S

SteveC

I usually deduct my professional expenses on Form 2106; however, it is
subject to 2% limitation, so it would appear advantageous to take the $250
Educator Credit. But no where do I find that if one does that, one cannot
take the rest of their expenses on Schedule A (Form 2106). So I assume that
if I have $1000 in these expenses, I can claim the other $750 here. Or does
one have to choose one over the other?
 
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W

Wayne Brasch

SteveC said:
I usually deduct my professional expenses on Form 2106; however, it is
subject to 2% limitation, so it would appear advantageous to take the $250
Educator Credit. But no where do I find that if one does that, one cannot
take the rest of their expenses on Schedule A (Form 2106). So I assume
that if I have $1000 in these expenses, I can claim the other $750 here.
Or does one have to choose one over the other?
You can put the $750 on Schedule A in the Miscellaneous deductions section
subject to 2% of your adjusted gross income. You might want to see what
that treatment of this situation does to your State return before you decide
where to put it. It could have an adverse effect on that State return. My
State does not now allow the adjustment to income as does the Federal tax
law.

Wayne Brasch, CPA, M. S. Taxation
 
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S

SteveC

You are correct; it did affect my State a little bit and adversely (albeit
just $5). Also, I did both scenarios and it made no difference on my Fed,
so I am just putting it all on my 2106 as I have always done. Thanks!
 

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