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Tax News Are you eligible to claim education tax refund?
If you are receiving family tax benefit Part A for a child and had eligible education expenses for the child’s primary or secondary education, you can claim 50% education refund up to the maximum of $375 for primary and $750 for secondary school children. If you are an independent student you are also eligible if you undertook secondary school studies.
Are you in business? Do you know that small business entities (turnover of less than $2 million a year), can claim an additional tax deduction of 50% of the cost of eligible new plant and equipment purchased between 13 December 2008 and 31 December 2009?
Don’t miss out on the education tax refund and investment allowance for small business. For tax appointments in SA phone (08) 8132 9299 or in ACT & WA call 1800 010 650. |