Education Tax Refund – Fact Sheet

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As announced in the 2008-09 Budget, families will be able to claim a 50 per cent Education Tax Refund from 1 July 2008.  The aim of the Education Tax Refund is to help families meet the costs of educating their children and ensure that they have access to the resources needed to improve educational outcomes.

Eligible families will be able to claim a 50 per cent refund every year for eligible education expenses up to:

• $750 for each child undertaking primary studies (maximum refundable tax offset of $375 per child, per year); and
• $1,500 for each child undertaking secondary studies (maximum refundable tax offset of $750 per child, per year).

Parents entitled to Family Tax Benefit (FTB) Part A in respect of children undertaking primary or secondary school studies for the relevant financial year are eligible to the Education Tax Refund.

Eligibility is also extended to parents with school children undertaking primary or secondary school studies who would be an eligible child for FTB Part A purposes, but for the fact that the child receives certain payments or allowances, for example:

• Youth Allowance;
• Disability Support Pension; and
• ABSTUDY Living Allowance.

For further information about the Education Tax Refund please visit www.educationtaxrefund.gov.au

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