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This year, teachers can earn a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers’ tax returns?
The $250 will come directly off of the amount of taxes the teachers owe.
The $250 will be subtracted from the teachers’ gross incomes.
This credit will put them in higher tax brackets.
This credit is not big enough to make any impact on the teachers’ taxes.
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