Tax Preparation for Educators and Educational Institutions

Selecting the right tax preparer is important for maximizing your tax refund. As a former 5th grade teacher at an elementary school in Glendale, Robert Hall’s first-hand experience sets himself apart from other tax professionals and CPAs.  This distinction has allowed Robert Hall & Associates to acquire a significant Los Angeles Unified School District client base over the years.  Our tax specialists know all of the common tax deductions educational professionals are entitled to, plus some of the tax nuances that are often overlooked.  For instance, teachers can claim an educator expense deduction, deduct expenses for classroom supplies, union dues, and more. Backed by years of tax knowledge specific to education, our tax consultants will work to capitalize on maximized deductions and lower individual tax liability.

Some of the most effective ways for teachers to lower their tax burden include:

  • Educator Expenses Deduction: For educators who are not reimbursed on their purchases for the classroom, $250 may be deducted from your income. This deduction is limited to classroom supplies. Documentation is required to prove you made the purchases (e.g. receipts).
  • Unreimbursed Employee Deductions: If you spend more than $250 on classroom expenses, the amount of unreimbursed expenses above $250 can be deducted. It can be applied to purchases of: books and newspapers for both the classroom and personal development; mileage; software and computer equipment; professional development (attending conferences or development days, and associated expenses like parking, food, enrollment fees, mileage and accommodation); and work clothing, if specialized (i.e. safety gear).
  • Student Loan Interest: The interest you pay on your student loans can be deducted, regardless of whether you itemize. This has a huge impact on taxable income.
  • Education Credits and Deductions: To offset expenses needed to continue your education, you can use the Education Tax Credit, American Opportunity Credit or Lifetime Learning Credit. Only one of these credits can be used at a time and are subject to income requirements. We can help you do the math to determine which one you’re eligible for and is most valuable for you.

Providing Solid Financial Tools for Education Institutions

Educational institutions are facing more and more complex financial issues including the ever-changing regulatory controls and government funding changes. For this reason, our firm provides financial services to non-profit and public colleges, universities, and schools.  Our tax advisors can help education institutions:

  • Streamline accounting processes
  • Capitalize on fiscal opportunities
  • Meet regulatory requirements with confidence
  • Stay informed of evolving federal, multi-state, and international tax regulations and incentives
  • Plan for the future
  • Keep abreast of emerging issues and determine the impact of new accounting standards

Whether you are a teacher looking to file your tax return, or a school district seeking financial planning services, our firm is ready to help! Contact us today at 818.242.4888 or contact us to schedule a consultation.

What Our Education Clients Are Saying

Over about a 10 year period, we worked with about 4 different accountants – none have been satisfactory until we were referred to Robert Hall & Associates. Robert Hall & Associates is professional, friendly, knowledgeable, and we just really feel confident and secure that we have finally discovered a life-long ally.

Carol Lam-Jones, Education -

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Robert Hall and Associates Tax Consultants