The Tax Office sure are fond of online calculators. The latest addition to the ATO’s online toolbox is the Education Tax Refund Calulator.
The Education Tax Refund (ETR) is available to you whether or not you are required to lodge a full tax return – it’s a refundable tax rebate.
If you’re eligible, you can claim back certain education costs of up to $375 for each primary school child and up to $750 for each secondary school student.
This is the first year the ETR has been in effect and so there is still some confusion among taxpayers we’re seeing over what is and is not a claimable expense. For a listing of the types of items that are eligible and those that are not, you might like to take a look at over Education Tax Refund page.
Take it for a spin and tell us what you think (I haven’t used it myself). Try the ATO Education Tax Refund Calulator.
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Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 799 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis
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Most of the people today is not aware of the legal, personal annual tax back allowance. They can be claimed as the tax deduction amount, to maximize the tax refund. Xpnsit is among those companies that suggest the most effective ways to get the tax back. They suggest several tax return calculator to the clients to get them maximum possible benefit.
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