Tax breaks for school materials
WITH children settling into the new school year, Ipswich parents are being reminded to keep the receipts of any school materials they have bought for tax time.
Federal Member for Blair Shayne Neumann said parents eligible for the Education Tax Refund could claim a refund of up to 50 per cent on a range of children’s educational expenses.
“I really encourage local parents who may be eligible to take advantage of the Federal Labor Government’s new Education Tax Refund, so they are claiming everything they’re entitled to,” Mr Neumann said.
“Starting a new school year and buying materials for your kids can really add up, and we want to help struggling families with those costs.
“Families can claim 50 per cent of eligible education expenses, up to a maximum refund of $794 for high school children and $397 for primary school children on back-to-school items.
“It is an important reminder for parents to make sure they keep their receipts when purchasing school materials.”
Mr Neumann said a parent on Family Tax Benefit Part A would likely be able to claim for a refund through the ETR, and there were also other payments that still entitle a person to receive a refund.
Mr Neumann said parents needed to have children enrolled in either primary or secondary school, and there were several items parents could claim, including home computers and laptops, home internet connections, school textbooks, study guides and stationery.
Parents who are eligible can simply claim the ETR when they lodge their 2011 tax return.
“The Federal Labor Government’s $4.4 billion Education Tax Refund is terrific initiative which will go a long way in helping parents purchase vital school items, and I urge eligible parents to make sure they take advantage of it,” he said.
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