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Education Tax Refund. Do not forget to claim from July 1st 2010!
By
Tuong
Thursday, 27th of May 2010
If you’re eligible, from 1 July 2010 you can claim the Education Tax Refund for eligible education spending from 1 July 2009 to 30 June 2010.
This means you could get 50% back on a range of primary and secondary school education expenses.
Remember to keep your receipts. They will help you calculate your refund and you may be required to show them as proof of purchase.
What is an eligible education expense?
An eligible education expense is:
- incurred by an eligible person
- relates to a child or independent student’s education
- an item that is specified in the legislation as an eligible education expense, and
- incurred on a day when the child or independent student satisfied the schooling requirement.
You cannot claim the Education Tax Refund (ETR) for an expense if:
- it is an allowable tax deduction or subject to another tax offset,
or
- you received or are entitled to receive payment or property as reimbursement or payment for the expense under a Commonwealth Government or legislative prescribed benefit, grant or subsidy.
What items can I claim?
Eligible expenses include the cost of buying, establishing, repairing and maintaining any of the following items:
- laptop computers and home computers
- computer-related equipment such as printers, USB flash drives, as well as 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, and
- prescribed trade tools for secondary school trade courses.
Sharing eligible expenses
Where an eligible education expenses has been incurred for more than one eligible child, the expense can be shared between the children. However, this is subject to all the children having access to the purchased item and you purchasing the item on a day when you satisfied the eligibility requirements for the ETR for each child. This is called pooling.
Example
Ben and Natalie have twins in secondary school. Ben purchased a computer worth $3,000 which both children can access. Ben can pool the expense of the computer between the twins and claim $1,500 in eligible expenses for each child, making a total of $3,000 expenses that are claimed.
To see if you are eligible to claim and how much you can claim visit the Education Tax Refund website.
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