Educators: save your receipts.

Teachers may deduct de·duct
v. de·duct·ed, de·duct·ing, de·ducts

v.tr.
1. To take away (a quantity) from another; subtract.

2. To derive by deduction; deduce.

v.intr. up to $250 of qualified out-of-pocket expenses out-of-pocket expenses n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. for books and classroom supplies when figuring their adjusted gross income for 2003.

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Title Annotation:	Tax Matters
Publication:	Journal of Accountancy
Date:	Apr 1, 2004
Words:	23
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