Classroom Supplies

Hiring this summer? You may qualify for a valuable tax credit

Business Income Tax, Deductions, Employees, Summer Employees, Tax Credits, WOTC / Douglas Freeman

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim is $2,400 to $9,600 for each eligible employee. 10 targeted […]

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Back-to-school time means a tax break for teachers

AGI (Adjustable Gross Income), Deductable Expenses, Income Tax, Individual Income Tax, Itemized Deduction, Tax, Tax Deduction, Tax Planning, Tax Savings / Douglas Freeman

When teachers are setting up their classrooms for the new school year, it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is especially important now due to some changes under the

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