Taxes & Other Tips:
Grace Chee
Spend, Save, &
Play Nice Nice
LA Faculty Guild: Perks for Adjuncts
April 28, 2014
Spend! Classroom-related Expenses?
Adjusted Gross Income, #23
Educator expenses, books, supplies,
computers, hardware, sof...
Spend! Taking Classes?
• Lifetime Learning Credit: 25% tax credit
Form 8863
Love, Love Credits!
o Credits vs deductions
o Credits are straight subtractions to your
Tax!
Student loan payments getting you down?
6+ units of classes = halftime
Defer your government subsidized student
loans @ 0%...
Save! Saver’s Credit for Retirement
403B – pre-tax voluntary retirement plan
through the LACCD
I contribute every paycheck...
Spend & Play Nice Nice!
Conferences! Networking
Networking has benefits.
Colleagues refer each other
Chairs talk to each o...
Job market got you down?
Guild Sponsored EDD Workshops
California’s EDD (Employment Development
Department) Offers Up to $...
Copyright 2014 Grace Chee ©
Taxes & Other Tips
1. Spend
2. Save
3. Play nice nice
Grace Chee, all rights reserved, 2014.
I...
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Taxes & other tips 2014

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Taxes & other tips 2014

  1. 1. Taxes & Other Tips: Grace Chee Spend, Save, & Play Nice Nice LA Faculty Guild: Perks for Adjuncts April 28, 2014
  2. 2. Spend! Classroom-related Expenses? Adjusted Gross Income, #23 Educator expenses, books, supplies, computers, hardware, software, ink, or other educational material important to teaching. Up to $250 would be subtracted directly from your income.
  3. 3. Spend! Taking Classes? • Lifetime Learning Credit: 25% tax credit Form 8863
  4. 4. Love, Love Credits! o Credits vs deductions o Credits are straight subtractions to your Tax!
  5. 5. Student loan payments getting you down? 6+ units of classes = halftime Defer your government subsidized student loans @ 0% interest You can still make payments, but without paying interest to Sallie Mae
  6. 6. Save! Saver’s Credit for Retirement 403B – pre-tax voluntary retirement plan through the LACCD I contribute every paycheck in addition to Calstrs, & receive $2-500 tax credit each tax year Up to $2000, but generally from $2-500 for me
  7. 7. Spend & Play Nice Nice! Conferences! Networking Networking has benefits. Colleagues refer each other Chairs talk to each other Publishers contact me for o text reviews, o Networking dinners o Write text companion teaching material I have a business – taxes more complicated
  8. 8. Job market got you down? Guild Sponsored EDD Workshops California’s EDD (Employment Development Department) Offers Up to $450/week or up to $8K/year in unemployment benefits when you fall unemployed or underemployed o LA Harbor (May 29th, Thursday) o LA Pierce College (June 2, Wednesday)
  9. 9. Copyright 2014 Grace Chee © Taxes & Other Tips 1. Spend 2. Save 3. Play nice nice Grace Chee, all rights reserved, 2014. I am neither an accountant nor a tax attorney, but a colleague dedicated to serving you for the AFT Faculty Guild. Professor Chee does not endorse other slideshare presentations.

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