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30% Child Care Tax Rebate

In addition to the Child Care Benefit (CCB) you may be receiving, did you know you may also be eligible to receive the recently announced 30% Child Care Tax Rebate?

Subject to the passing of legislation, you may be eligible to claim the rebate if you:

  • receive CCB
  • use approved child care, and
  • meet the CCB work/study/training test.

What should I do?

  • keep your receipts or similar records of your child care costs, and
  • keep your reconciliation letter from the Family Assistance Office.

How to work out my out-of-pocket expenses

Subject to the passing of legislation, the rebate will cover 30% of your out-of-pocket child care expenses you have incurred from 1 July 2004 with a maximum rebate of $4,000 per child per year. The first claim will be able to be made in income tax returns for the period 1 July 2005 to 30 June 2006.

Total child care fees

minus   

Child Care Benefit

equals   

Out-of-pocket expenses
Total child care fees is the amount you are charged by your child care provider before any reduction for CCB. After the end of each financial year, the Family Assistance Office will send you a letter confirming your CCB entitlement for that year. This will happen once you have lodged your tax returns and all your child care usage details have been received.

Copyright Commonwealth of Australia, 7 June 2005. http://ato.gov.au/corporate/content.asp?doc=/content/59801.htm

This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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