Out-of-Pocket Expenses.

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  • Author(s): Sack, Joetta L.
  • Source:
    Education Week. 9/24/2004, Vol. 24 Issue 5, p16-16. 1/4p. 1 Color Photograph.
  • Additional Information
    • Subject Terms:
      SCHOOL taxes; TAX credits; EDUCATION policy; TAX expenditures; SCHOOL administration; EDUCATIONAL finance
    • Abstract:
      This article focuses on state tax credit in California. It's a fact of life that teachers open their own wallets to buy some of the supplies they need for their classrooms. California was one of the few states where they could get a break: tax credits of as much as $1,500 annually for the money they spent on pens, paper, books, or anything else they might need for their classes. But because of an ongoing financial crisis, the state has suspended that tax break for the next two years to help balance its' budget. It's a double whammy for teachers, because a $250 federal tax deduction to help teachers defray personal costs for school supplies is scheduled to expire this year and might not be renewed.