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  • Shared care of child or agreed percentage

    If you have both shared care and agreed percentage for the eligible child you can use the following steps to work out your education tax refund.

    Label

    Step

    Directions

    A

    1

    Work out your total eligible education expenses

    B

    2

    Multiply A by your agreed percentage

    C

    3

    Calculate the maximum tax offset amount for this child

    D

    4

    How many days in the year were your eligible?

    E

    5

    Multiply D by your shared care and agreed percentage

    F

    6

    Work out the maximum tax offset amount for this child (C × E) divided by 365 - round to two decimal places

    Repeat Steps 3 to 6 for each child

    G

    7

    Add the amounts from F for each child

    H

    8

    Include excess eligible expenses carried forward from the previous year

    I

    9

    Add B and H

    J

    10

    Multiply your expenses from I by 50%

    K

    11

    Use the lower of G or J

    Write the amount at K on your tax claim

      Last modified: 08 Feb 2019QC 21454