Education tax refund – reminder to keep receipts
The Prime Minister has reminded taxpayers to take advantage of the Education Tax Refund and to keep their receipts in order to make the claims. For 2010-11, families can claim 50% of eligible education expenses, up to a maximum refund of $794 for high school children, and $397 for primary school children on back-to-school items. ...more
Lodge a 2008-09 tax return or risk losing family benefits: Minister
The Minister for Families, Housing, Community Services and Indigenous Affairs, Jenny Macklin, said Australians receiving a Family Tax Benefit (FTB) who do not lodge their 2008-09 tax returns by the end of January 2011 will face temporary payment suspension or cancellation for a “persistent failure to lodge”. This week, the Family Assistance Office (FAO) will be calculating the ...more
Government promises Parliamentary debate on tax reform, including Henry
The Government has promised that it will hold a debate on tax reform in Parliament next year that will encompass a re-examination of the Henry Tax Review plus any other reform measures that come out of the tax summit. In her opening speech to Parliament on 28 September 2010, the Governor-General said that, during this ...more
Coalition promises to expand the Education Tax refund
The Federal Coalition has promised, if elected, to expand the Education Tax refund. For primary students, it will increase the rebate from the current $390 to up to $500 per year per child in primary school. Eligible parents will be able to claim a 50% rebate for up to $1,000 of eligible education-related expenses for ...more
FTB, Baby Bonus, Child Care Rebate changes
From 1 July 2010, new education participation requirements have applied for Family Tax Benefit (FTB) Part A for young people aged 16 to 20. The Minister for Families said this means that around 300,000 children aged from 16 to 20 will need to be enrolled in a full-time course leading to Year 12 or equivalent ...more
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