Equis News & Events

Do you have school age children? A few years ago, the government introduced the Education Tax Refund.  For the 2010-11 financial year, you can claim up to $397 for every child you have in primary school and $794 for every high school student. But this only applies if you qualify for Family Tax Benefit Part A (see this EQUIS news item) and you must keep receipts.  ..

Most families with dependent children are eligible for Family Tax Benefit. But you need to ask for it!

Family Tax Benefit Part A is based on your family income and some money may still be paid on incomes over $100,000 depending on the number of dependent eligible children.  Family Tax Benefit Part B is based on the income of the lower earning spouse and is designed to supplement the family income in those instances where one partner is the main breadwinner.   ..