Safe harbor, educators deducting out-of-pocket expenses for protective items (COVID-19)
Safe harbor, educators deducting out-of-pocket expenses
The IRS today released an advance version of Rev. Proc. 2021-15 that provides a safe harbor for “eligible educators” to treat unreimbursed expenses paid or incurred after March 12, 2020, for personal protective equipment, disinfectant, and other supplies used to prevent the spread of the coronavirus (COVID-19) in the classroom, as expenses that are allowable as a deduction under section 62(a)(2)(D) (subject to the aggregate dollar limitation).
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