Asked by Emily Lutsock on Apr 28, 2024
Verified
The educator's expense deduction is taken:
A) On Form 2106.
B) On Schedule C.
C) Above the line on the Form 1040.
D) On the educator's expense form.
Form 2106
A tax form used by employees to deduct work-related expenses not reimbursed by their employer when such expenses exceed 2% of their adjusted gross income.
Schedule C
A tax form used by sole proprietors in the United States to report their business income and expenses to the IRS.
Form 1040
The routine IRS document prepared by individuals to declare their income for the tax year on an annual basis.
- Acquire knowledge of the conditions necessary for claiming educator expense deductions.
Verified Answer
Learning Objectives
- Acquire knowledge of the conditions necessary for claiming educator expense deductions.
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