The Education Tax Refund The Education Tax Refund (‘ETR’) was announced in the 08-09 federal budget. Under the ETR, families can claim up to a 50% tax refund for eligible education expenses for their children, for up to:
0 for each child in primary school, and ,500 for each child in secondary school
These amounts equate to a maximum tax offset of 5 and 0 respectively. It is a good idea to be aware of this scheme, as parents can now claim for allowable expenses related to their children’s education. Some common allowable expenses include: laptops, desktop computers, education software, school textbooks, trade tools etc. So be sure to keep those receipts, as every dollar spent (up to the limits above) could be worth up to a 50c tax refund for your family.