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MA - tax relief?

  • 27-06-2007 11:14am
    #1
    flodis79
    Registered Users, Registered Users 2 Posts: 1,820 ✭✭✭


    I am planning to take an MA which will cost roughly €4,600. It has a one-year duration, so should be eligible for tax relief. How much can I expect to get back in tax relief? If I work in paid employment during the academic year, will this affect the tax amount I can ge back or are these separate "academic tax credits"?


Comments

  • #2
    Red Alert
    Hosted Moderators Posts: 7,486 ✭✭✭Red Alert


    I don't think there's such a thing as 'academic tax credits'. Give the revenue commisioners a shout at the PAYE help number, as to give them their due most of the people I've spoken to there over the years have been very helpful. :)


  • #3
    Michael Collins
    Moderators, Science, Health & Environment Moderators Posts: 1,852 Mod ✭✭✭✭Michael Collins


    Yep Red's spot on there. No Academic Tax Credits, it comes in the form of Tax Relief up to a maximum of €5,000 per year. For a postgrad course it has to be between 1 - 4 years duration so you're ok there. It also must be on the list of approved courses below.

    Read more here: http://www.revenue.ie/index.htm?/revguide/tuitionfees.htm

    List of approved courses: http://www.revenue.ie/publications/lists/ListC_07.pdf

    In relation to your last point, unless you're married, these credits are only of benefit to you if you ARE working during the year, otherwise you wouldn't be paying any tax!


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