Tax Education Deductions

Major breakthrough! An Accounting student has won a landmark case against the ATO opening up a wide range of new deductions for students.

On 11 November 2010, in Federal Commissioner of Taxation v. Anstis. Ms Antsis has won her case to claim her education related deductions against her part time employment income.

Nearly 500,000 students are effected by the decision allowing a wider range of deductions accross education related stationery and administration fees.

If you receive;

• Youth allowance that is paid to students
• Austudy
• taxable Veterans' Children Education Scheme payments
• Abstudy

You may now be able to claim more tax education deductions. Most students will be able to amend 2010 tax returns and in many cases 2009 tax returns to apply these rules.