Tax Time

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It's tax day in America, the day we settle up with Uncle Sam for all of the services provided for the common good, including education (at least the federally funded parts). So, how much of your federal taxes are actually going to education? According to this estimate from the White House home page, about 2.85% of this tax payer's* federal taxes go to education and job training. 

*A single adult making $60,000 with one child

If you're a K-12 teacher, don't forget to deduct up to $250 of reimbursed job-related expenses. You can do this even if you're not itemizing your deductions since it's an "above the line" deduction that reduces your taxable income.