Monday 23rd December 2024

House Panel Approves Tax Credit for Teacher-Bought Supplies

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The House Finance Committee has approved legislation that will let teachers claim tax credits for expenses spent on classroom supplies. House Bill 528 had originally offered a five-hundred-dollar tax credit for non-reimbursed items but in committee, the amount was changed to 50 percent of the federal tax deduction offered. That amount is currently 150-dollars. In a co-sponsor memo, the bill’s author says teachers estimate they spend over 800-dollars a year on classroom supplies.

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