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.
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?
