What types of federal tax benefits are available to me?

There are currently several federal tax deductions and credits available to you as an educator. While City Teaching Alliance does not provide tax advice, we encourage you to reach out to your tax agency/provider when filing to inquire about the following credits and deductions:

  • Tuition and Fees Federal Deduction: You may be eligible for a $4,000 deduction in the first year of the program. More information can be found here.*
  • Lifetime Learning Federal Income Tax Credit: In your first year of the program, you may qualify for a $2,000 tax credit on qualified tuition and related expenses. More information can be found here.*
  • Educator Expense Federal Deduction: Fellows and alumni continuing their careers as classroom educators may be eligible for a $250 tax deduction for classroom expenses—including books, supplies, computer and classroom equipment, and professional development courses.

*Please note that the Tuition and Fees Deduction and Lifetime Learning Federal Income Tax Credit may not be claimed during the same tax year. We recommend seeking tax advice to ensure you receive the maximum tax benefits.

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