If you are paying third level tuition fees you may be entitled to tax relief. This applies to tuition fees and student contribution only, not registration or administration fees and does not apply where fees were covered by grants or scholarships.
There is a disregard of €3,000 for full time students and €1,500 for part-time students, so only fees over that threshold will qualify. It is relevant for many families where more than one child is in college.
Tax relief is available at the standard rate of 20% and the maximum level of qualifying fees is €7,000. For further information, check www.revenue.ie or call my office on (093) 26476.
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