Around this time, we've all been receiving our W2's in the mail for our taxes. Okay, I'll admit it, I don't do my taxes. My mom is a CPA (and basically a super hero) so obviously she does it for me. But, since I'm an adult with a job, which just happens to be a math educator, I figured it was about time to be somewhat educated on what it means to "do taxes". Yuck, right?
Here's a few things to remember (or to remind someone who is doing them FOR YOU):
1. $250 Educator Expense Deduction - we can deduct this from our income so we can get more money back on our Tax Returns!!
2. To my friends who worked half a year, don't forget the Retirement Savings Contribution Credit - for people who save into a qualified retirement plan (like a 403b or 401k), but who don't make tons of moolah.
I hope this helps! We all know teachers deserve as much as they can get!! :)