Well you all might have seen the new government advertisements on the Education Tax Refund and as a new school year is almost upon us it’s time to revisit what, how and who can claim the Education Tax Refund.
The Education Tax Refund (ETR) helps parents and carers claim up to 50% back on some of those school expenses.
For the 2010-2011 tax year, refunds of up to $397 for every primary school child and $794 for every secondary school child are available.
Am I eligible?
In general terms, you are entitled to claim the ETR if you care for a child and receive
- Family Tax Benefit Part A, or
- You would have received FTB A if not for another payment made for the child (including youth allowance and others listed below for independent students).
Independent students can also claim provided they meet certain schooling, residency, age requirements and receive a benefit such as
- Youth Allowance
- Disability Support Pension
- ABSTUDY Living Allowance, or
- the Veterans’ Children Education Scheme
What can I claim?
You can claim the cost of buying, establishing, repairing and maintaining any of the following items:
- Home computers & laptops
- Printers, USB flash drives, disability aids for use of computers
- Computer repairs
- Home internet connections
- Computer software for education use
- School textbooks and other printed learning material
- Stationery and printer inks
- Prescribed trade tools (Secondary students)
No uniforms yet, folks.
School uniforms will not be claimable until the 2011-12 financial year and that is subject to legislation. This means that uniforms purchased after 1 July 2011 might be eligible for the ETR but don’t count on it just yet.
How do I get it?
To claim the ETR you need to lodge a tax return or if you do not need to lodge a tax return you can fill in a Education Tax Refund for Individuals claim form available from the Australian Taxation Office or through a registered Tax Agent.
Don’t forget to keep all your receipts!