How is the refund calculated?
The Education Tax Refund is calculated by you. To help you claim your correct entitlement you can use the Education Tax Refund (ETR) worksheets provided in the publication TaxPack 2009 (available on our website from 1 July 2009). Example – Full care of a student Andy and Claudia have one child, Danielle, who is in primary school for the entire income year. They are eligible for the Education Tax Refund. Their total eligible education expenses are $1,200. Claudia receives family tax benefit (FTB) Part A for their family. Claudia calculates her Education Tax Refund as follows: Education expenses x 50% = $600 Maximum refund amount x (365 / 365) = $375 Claudia uses the lower of these amounts ($375) as her Education Tax Refund claim. Claudia has excess education expenses of $450 (($600 – 375) x 2) that she can add to next year’s education expenses if she is still eligible. Example – Shared care Brad and Robyn have one child, Olive who is in secondary school for the entire income year. Olive
The Education Tax Refund is calculated by you. To help you claim your correct entitlement you can use the Education Tax Refund (ETR) worksheets provided in the publication TaxPack 2010 (available on our website from 1 July 2010). Example – Full care of a student Andy and Claudia have one child, Danielle, who is in primary school for the entire income year. They are eligible for the Education Tax Refund. Their total eligible education expenses are $1,200. Claudia receives family tax benefit (FTB) Part A for their family. Claudia calculates her Education Tax Refund as follows: Education expenses x 50% = $600 Maximum refund amount x (365 / 365) = $390 Claudia uses the lower of these amounts ($390) as her Education Tax Refund claim. Claudia has excess education expenses of $420 (($600 – 390) x 2) that she can add to next year’s education expenses if she is still eligible. Example – Shared care Brad and Robyn have one child, Olive who is in secondary school for the entire income year. Olive
