ryan and lonnie montague, a married couple who will file jointly, are both high school teachers. in 2021, ryan had receipts totaling $394 in qualifying expenses for his classroom. lonnie had receipts totaling $275 for qualified expenses. they both worked over 900 hours in the school building during the school year and were not reimbursed by their employer. what is the maximum amount of the educator expense deduction that they may claim on their form 1040?



Answer :

They are allowed to deduct up to $500 in educational expenses on their form 1040.

Ryan and Lonnie Montague, a married couple who will file a combined claim, each put in more than 900 hours in the school building in 2021, but their employer did not reimburse them for any of those hours. They are qualified educators, and a qualified educator may deduct up to $250 in educational expenses. If both spouses are eligible educators and they file jointly, they can each claim a maximum of $500.

The combined qualified expenses of the couples surpass the $500 cap. Here, they can only make claims worth a maximum of $500.

To know more about Educational Expenses, refer to this link:

https://brainly.com/question/13885378

#SPJ4

Other Questions