Tuesday, June 23, 2009

Education Tax Refund - What Expenditure is eligible?

Are you a parent who receives Family Tax Benefit Part A?

With the end of another tax year looming, parents are reminded to compile records of any expenditure relating to their children’s education for the Education Tax Refund [ETR]. The Education Tax Refund is designed to support parents by offering refunds for their children's eligible education expenses of up to:

a. $375 per year for primary school students; and
b. $750 per year for secondary school students.

The Following table shows the eligible and ineligible expenditure for the purposes of the Education Tax Refund:

Eligible Expenses

Ineligible Expenses

Laptop Computers

School Fees

Home Computers

School Uniforms

Printers

Musical instruments

USB flash drives

Donations

Disability aids to assist with computers

Building Levies

Computer repairs

Transport

Home internet connections

Tutoring

Educational computer software

Sporting equipment

School textbooks

School photos

Stationery

Computer games

Prescribed trade tools for secondary courses

Tuckshop expenses

Parents can claim a refund for these education expenses in their income tax returns at the end of the financial year.

Please contact us for further information or if you have any questions.

By Sophia

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