Back to School... Claim your expenses!
Written on the 23 January 2012 by Macmillans Waller Fry - Accountants
What is it?
The Education Tax Refund (ETR) is designed to help with the cost of educating primary and secondary school children. Eligible parents, carers, legal guardians and independent students are able to claim money back on certain education expenses.
Who is Eligible?
1) Parents, Carers & Legal Guardians
You can claim the ETR if you had eligible education expenses during the financial year for a child who meets the schooling requirements, and:
You can claim the ETR even if do not get FTB Part A. Other payments which still entitle you to receive the ETR include:
You can claim the ETR if you have eligible education expenses and you:
receive a social security pension or benefit, a labour market program payment or a prescribed educational scheme payment including:
What Can I Claim?
Eligible expenses include the cost of buying, establishing, repairing and maintaining any of the following items:
How Much can I Claim?
You can claim 50% of eligible education expenses up to the maximum amounts. The maximum claimable amounts are:
$794 for each primary school child. You can claim a maximum refund of $397 for each primary school child you have, and
If you lodge a tax return you claim the ETR in the relevant year’s tax return. If you are not required to lodge a tax return you can claim the ETR on the Education Tax Refund for individuals claim form. For assistance in obtaining these, please contact us.
Author: Macmillans Waller Fry - Accountants