Question

Gail is a single elementary school teacher. She buys the following items for use in her classroom in 2019: Construction paper and tissues $45 Materials for decorating the classroom bulletin boards $200 Artist’s smock used for in-class finger painting $30 12 Dozen erasers $15 What amount can Gail deduct either as a for or from AGI deduction in 2019? a. $250 as a for AGI deduction and $0 as a from AGI deduction b. $250 as a for AGI deduction and $40 as a from AGI deduction c. $290 as a for AGI deduction and $0 as a from AGI deduction d. $250 as a for AGI deduction and $30 as a from AGI deduction (subject to 2% of AGI)

Answer 1

Answer:

A) $250 as a for AGI deduction and $0 as a from AGI deduction

Explanation:

Due to the Tax Cuts and Jobs Act, a teacher can only deduct classroom expenses up to $250.

The $250 are above the line deductions that lower your adjusted gross income (AGI), while the $0 represents below the line deductions made once your total AGI has been calculated.