Perks- Focussed, Client-driven Accounting & Financial Services Firm in South Australia & Northern Territory

Budget 2008-09: Education Tax Refund

21.10.08

The Government has introduced a Bill into Parliament seeking to implement the Education Tax Refund. Broadly, eligible families can qualify for a 50% refundable tax offset for eligible education expenses up to a maximum of $750 for children undertaking primary studies and $1,500 for children undertaking secondary studies.

TIP: Eligible families should keep all receipts to ensure that they will be able to claim the refund when the Bill is enacted.

Tax Office Eyes Overdue Tax Lodgments
The Tax Office is eyeing companies, trusts, partnerships and individual taxpayers which have overdue income tax returns.

Tax Scams On Tax Office Radar
The Tax Office has recently highlighted the emergence of new tax schemes, warning taxpayers to be vigilant.

Education Tax Refund - Claims Check
The Tax Office will be data-matching with Centrelink to identify recipients who may be incorrectly claiming the education tax refund.

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