Education Tax Refund
The Australian Government is helping you with the costs of educating your kids.
Update
The Australian Government announced in the 2012 Budget that the Education Tax Refund (ETR) would be replaced by a new payment called the Schoolkids Bonus.
This new cash payment will help families with the costs of education.
Starting from 1 January 2013, this new payment will help 1.3 million Australian families with children at school pay for expenses such as uniforms, books, school excursions, stationery and other costs like music lessons and sports registration fees.
Eligible families will be paid the bonus automatically in January and July.
Each year, families will receive:
$410 for each child in primary school (two instalments of $205) and
$820 for each child in high school (two instalments of $410).
What does this mean for me?
As part of the transition to the new Schoolkids Bonus, the ETR for 2011-12 will be paid as a lump sum in June 2012.
All eligible families will receive the maximum ETR entitlement for 2011-12, without having to claim through their tax return.
Eligible families will automatically receive the payments into their bank account of:
$409 for each child in primary school
$818 for each child in secondary study.
If you do not receive a one-off payment in June, you can contact Centrelink to check whether you may be entitled to a payment for the 2011-12 financial year.
For more information about the Schoolkids Bonus go to fahcsia.gov.au
You can still make a claim for the ETR for 2010-11 and earlier years if you are eligible. Read below for more information.
The Education Tax Refund provides up to 50% back on a range of children's education expenses.
For the 2010 - 11 tax year refunds may be as much as $397 for every child at primary school, and up to $794 for every child at secondary school.
This site helps you decide if you are eligible and explains what you can claim and how to claim everything you are entitled to.
Keep your receipts. You need them to calculate your refund and you may need to show them as proof of purchase.
Ready to claim? Click here to find out how.http://www.mwave.com.au/promo_education-tax-refund.asp
The Australian Government is helping you with the costs of educating your kids.
Update
The Australian Government announced in the 2012 Budget that the Education Tax Refund (ETR) would be replaced by a new payment called the Schoolkids Bonus.
This new cash payment will help families with the costs of education.
Starting from 1 January 2013, this new payment will help 1.3 million Australian families with children at school pay for expenses such as uniforms, books, school excursions, stationery and other costs like music lessons and sports registration fees.
Eligible families will be paid the bonus automatically in January and July.
Each year, families will receive:
$410 for each child in primary school (two instalments of $205) and
$820 for each child in high school (two instalments of $410).
What does this mean for me?
As part of the transition to the new Schoolkids Bonus, the ETR for 2011-12 will be paid as a lump sum in June 2012.
All eligible families will receive the maximum ETR entitlement for 2011-12, without having to claim through their tax return.
Eligible families will automatically receive the payments into their bank account of:
$409 for each child in primary school
$818 for each child in secondary study.
If you do not receive a one-off payment in June, you can contact Centrelink to check whether you may be entitled to a payment for the 2011-12 financial year.
For more information about the Schoolkids Bonus go to fahcsia.gov.au
You can still make a claim for the ETR for 2010-11 and earlier years if you are eligible. Read below for more information.
The Education Tax Refund provides up to 50% back on a range of children's education expenses.
For the 2010 - 11 tax year refunds may be as much as $397 for every child at primary school, and up to $794 for every child at secondary school.
This site helps you decide if you are eligible and explains what you can claim and how to claim everything you are entitled to.
Keep your receipts. You need them to calculate your refund and you may need to show them as proof of purchase.
Ready to claim? Click here to find out how.http://www.mwave.com.au/promo_education-tax-refund.asp
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