8 June 2011
With the financial year almost over, now is the time to start collating your receipts from education expenses to take advantage of a federal government tax initiative.
The Education Tax Refund (ETR) gives parents and caregivers a 50% refund on a range of primary and secondary school education expenses.
For the 2010-2011 financial year you may be eligible for the following:
Primary school child
You can claim a maximum of $794 for each of your primary school children and receive a maximum refund of $397 per primary school child.
Secondary school student
You can claim a maximum of $1,588 for each of your secondary school children and receive a maximum refund of $794 per secondary school child.
Items you can claim
You can claim the cost of buying, establishing, repairing and maintaining any of the following items:
- home computers and laptops
- computer-related equipment, such as printers, USB flash drives and disability aids to assist in the use of computer equipment for students with special needs
- computer repairs
- home internet connections
- computer software for educational use
- school textbooks and other printed learning material, including prescribed textbooks, associated learning materials, study guides and stationery
- prescribed trade tools for secondary school trade courses
Items you can't claim
The types of items you can't claim include:
- school uniform expenses (though uniforms purchased after 1 July 2011 will be claimable in the 2011-12 financial year)
- school fees
- sporting equipment
- musical instruments
See the Education Tax Refund website for a full list of items you can't claim.
You can claim the ETR if you have eligible education expenses and receive Family Tax Benefit (FTB) Part A for the child that the expenses relate to.
You may also claim the ETR if you don't receive FTB Part A because your child receives certain payments or allowances, including:
- Youth Allowance
- Disability Support Pension
- ABSTUDY Living Allowance
- the Veterans' Children Education Scheme
- Student Financial Supplement Scheme
- the scheme to provide education and training under s258 of the Military Rehabilitation and Compensation Act 2004
For more information, including details of how you can claim the refund, visit the Education Tax Refund website