The 7.5 hours in the classroom are just the starting point. On average, teachers are at school an additional 90 minutes beyond the school day for mentoring, providing after-school help for students, attending staff meetings and collaborating with peers.
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
For More Info: http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center. Tax credits, deductions and savings plans can help taxpayers with their expenses for higher education. 1  A tax credit reduces the amount of income tax you may have to pay.