2007-01-30 04:19:55 · 5 answers · asked by ATL 4 in Business & Finance ➔ Taxes ➔ United States
Teachers and other educators (including classroom aides, counselors, and principals) can deduct up to $250 that they spend on classroom supplies as a deduction on Form 1040, line 23, “Archer MSA Deduction.” Enter "E" on the dotted line to the left of that line entry.
2007-01-30 06:49:58 · answer #1 · answered by TaxMan 5 · 1⤊ 0⤋
The forms aren't as yet available and won't be until sometime in mid-February. Check the irs.gov website for exact dates. Anyone with educator deductions will need to wait until the IRS can accept these forms to file.
2007-02-03 10:32:27 · answer #2 · answered by Simply_Lady_Blue 2 · 0⤊ 0⤋
It's not on the form itself, since they were printed out well in advance. But the deduction does exist: it's just a matter of marking it correctly...
2007-01-30 12:33:19 · answer #3 · answered by CMass Stan 6 · 1⤊ 0⤋
Congress didn't pass the law for this until after the forms were finallized.
There are instructions at IRS.gov as to what to do.
2007-01-30 12:30:21 · answer #4 · answered by Wayne Z 7 · 0⤊ 0⤋
This is a great question....I was wondering the same thing??? I thought they did away with it this year. Can I take it on my usual 1040A like last year? I looked on IRS.GOV but found no specifics about it.
2007-01-30 16:08:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋