Month: October 2016

Teachers, keep your receipts

Starting from Jan 1, 2016 teachers and early childhood educators will receive a refundable tax credit that applies to the purchase of up to $1,000 of school supplies each year, for a maximum credit of $150 per year.
In order for the cost of supplies to qualify, schools will be required to certify that the supplies were purchased for the purpose of teaching or enhancing learning in a classroom. Teachers making claims are required to keep their receipts for verification.