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Helping with education costs

Every parent wants to give their children the best possible start in life. That’s why the Government is boosting assistance for working families to help cover education costs.

To help families meet the cost of educating their children for the future, the Government will introduce a new 50 per cent Education Tax Refund from July 1, 2008, at a cost of around $4.4 billion over the next 4 years.

Parents entitled to family Tax Benefit A, or whose school children receive Youth Allowance or similar payment, will be able to claim:

A 50 per cent tax refund of up to $750 in educational expenses for each child undertaking primary school studies (that is, a refund of up to $375 per child, per year).

A 50 per cent tax refund of up to $1,500 in education expenses for each student undertaking secondary school duties (that is, a refund of up to $750 per child, per year).

Parents can simply claim the refund against eligible expenses incurred from 1 July 2008, when they complete their 2008-09 income tax return.

Download PDF for more info.

 
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