Education tax refund update
Update
Education tax refund Update in PDF click here
The Government has changed the Education Tax Refund to include school-approved uniforms, purchased from 1 July 2011.
Items of clothing including hats, footwear and sports uniforms approved by a school as its uniform may be claimed from 1 July 2012.
So keep your receipts for school uniforms so you can claim them at Tax Time 2012.
I care for a child
You can claim the Education Tax Refund (ETR) if you had eligible education expenses during the financial year for a child who meets the schooling requirement, and:
- you received Family Tax Benefit (FTB) Part A for the child
or
- a payment was made for the child which prevented you from receiving FTB Part A,
or
- your child stopped full-time school during the year and received income over the cut-out amount which prevented you from receiving FTB Part A for the child.
Education tax refund – what you need to know |
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| Items that are eligible education expenses
Eligible education expenses are items that support a child’s or independent student’s primary or secondary school education. They include the purchase, lease, hire or hire-purchase costs, repairs and running costs of:
- laptops, home computers and associated costs
- computer-related equipment such as printers, USB flash drives, as well as disability aids to help in the use of computer equipment for students with special needs
- home internet connections, including the costs of establishing and maintaining them
- computer software for educational use
- word processing, spreadsheet, database and presentation software, internet filters and antivirus software
- school textbooks and other paper-based school learning material, including prescribed textbooks, associated learning materials, study guides and stationery
- prescribed trade tools – for example, tools required to complete a school-based apprenticeship.
- As well as the items listed above school-approved uniforms purchased from 1 July 2011 (including hats, footwear and sports uniforms) approved by the school as its uniform can be claimed in the 2011/12 tax year
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Expenses that are not eligible
Education expenses that are not eligible include:
- school fees
- school uniform expenses – however, you will be able to claim these in your 2012 tax return due to a recent law change
- student attendance at school-based extra curricular activities, such as excursions and camps
- tutoring costs
- sporting equipment
- musical instruments
- school subject levies – for example, payment for materials for particular subjects such as woodwork, art or home science
- building levies
- library book fees
- school photos
- donations
- tuck shop expenses
- waiting list fees
- transport
- membership fees
- computer games and consoles.
Education tax refund Update in PDF click here
Call now for assistance with your Education tax refund and tax returns:
Romeo Caporaso
TaxAccountingAdelaide.com
08 83374460
http://www.TaxAccountingAdelaide.com./
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