Why Can’t We Just Make Taxes Simpler to Do?

It’s safe to say that most Americans want a simpler way to file their tax returns. It’s a sentiment that we all hear around the country. But the reality of how complicated many people’s lives are make the prospect of a simpler tax return almost impossible.

The tax code will always stay complicated because it incentives certain “trying, positive societal behavior.” Namely, going to college or a trade school, buying a home, running a business that employs people, having a family while working. And many others.

Yes, there is abuse and there is a need to fix a lot of our tax code. However, lets think about this scenario. If I sit in my relatives garage playing video games (not as a job) all day and contribute nothing to society, should I get the same treatment as someone who is “trying?” Going to school, struggling with daycare, etc.

That’s why the tax code will always be complicated in a nation of 320 million people.

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Chapter from TaxAssurances’ Book: Educator Expenses

The following post is a chapter in the TaxAssurances’ book, “Top 12 Tax Deductions You Might Have Missed. Tax Tips For People Who Do Their Own Federal Taxes.”

You can purchase the full book on Amazon.

Chapter 11 Educator Expenses

Every year TaxAssurances prepares tax returns for a number of people in the education profession. They all spend countless hours preparing to help educate young children. Along with that time, these educators spend their own money helping educate children. The IRS rewards that effort in a small way by providing a tax benefit.

As a result, the IRS allows teachers, instructors, counselors, principals, and aides that work at least 900 hours in elementary or secondary schools deductions of up to $250 of any unreimbursed expenses.

Those expenses include:
• books
• supplies
• computer equipment
• Other equipment that they use in the classroom.

The IRS does have these following requirements on taking these expenses as a deduction:

“Qualified expenses are deductible only to the extent a number of such expenses exceed the following amounts for the tax year:

• The interest on qualified U.S. savings bonds that you excluded from income because you paid qualified higher education expenses,

• Any distribution from a qualified tuition program that you excluded from income,

• Any tax-free withdrawals from your Coverdell education savings accounts,

• Any reimbursed expenses not reported to you in box 1 of your Form W-2 (PDF).”

For more information about the educator expense deduction, read IRS Topic 458 on the IRS.gov website.

Again, You can purchase the full book on Amazon.

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Mike & Karen Pence’s 2006-2015 Full Tax Returns

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Mike & Karen Pence’s 2006-2015 Full Tax Returns:

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

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Bill & Hillary Clinton’s 2015 Full Tax Return

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Bill & Hillary Clinton’s 2015 Full Tax Return:

2015 Tax Return

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Vice President Joe & Jill Biden’s Full Tax Returns for 2015

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Vice President Joe & Jill Biden’s full federal and state tax returns for 2015:

https://www.whitehouse.gov/sites/default/files/docs/2014_vp_returns_final_4.9.15_redacted.pdf

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The President and First Lady’s Full Tax Return for 2015

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The President and First Lady’s Full Tax Return for 2015

https://www.whitehouse.gov/sites/whitehouse.gov/files/images/Blog/Obamas%202015%20Taxes.pdf

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