Relief for 'child' in college.

theoneeyedman

Hi,
We have a son, all going well, starting 3rd level in September. Both of us have middling PAYE jobs, grossing c80/90k between us over the year, so won't qualify for any grants etc.

I'm wondering are there any schemes or ways around that we can claim tax relief or tax back on what we'll be forking out, ie fees, contributions, and accommodation? Any help, ideas, or experience is appreciated, most of the threads and stuff online look very dated.

splinter65

theoneeyedman wrote: »

Hi,
We have a son, all going well, starting 3rd level in September. Both of us have middling PAYE jobs, grossing c80/90k between us over the year, so won't qualify for any grants etc.

I'm wondering are there any schemes or ways around that we can claim tax relief or tax back on what we'll be forking out, ie fees, contributions, and accommodation? Any help, ideas, or experience is appreciated, most of the threads and stuff online look very dated.

What course is your child embarking on? There is relief available on up to €7000 on fees, BUT there is a disregard of €3000 and the vast majority of undergraduate courses are €3000 fees so you will get no relief.
Both CIC and Revenue website are bang up to date on this.
Here’s Revenue:
https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/education/tuition-fees-paid-for-third-level-education/how-do-you-calculate-the-relief.aspx

noble00

Hi I’m nearly sure that once you pay the fees get a receipt and then get in contact with revenue

Anon10000

theoneeyedman wrote: »

Hi,
We have a son, all going well, starting 3rd level in September. Both of us have middling PAYE jobs, grossing c80/90k between us over the year, so won't qualify for any grants etc.

I'm wondering are there any schemes or ways around that we can claim tax relief or tax back on what we'll be forking out, ie fees, contributions, and accommodation? Any help, ideas, or experience is appreciated, most of the threads and stuff online look very dated.

You will only get tax relief if you have two children in college as far I know. Not much help for the average worker

noble00

I was doing a course myself a couple of years ago it costed 2,500 for fees I was told in the college that I could claim back it was small I think about three hundred but I was able to claim back each year after I paid my fees , not sure if it’s different now that was about four or five years ago

rubberdungeon

You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses.

You may be the student, or you may pay the fees on the student's behalf. You can claim the relief if you have actually paid the fees.

No relief is available for:

examination fees
registration fees
administration fees.


https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/education/tuition-fees-paid-for-third-level-education/how-do-you-calculate-the-relief.aspx

Stanford

rubberdungeon wrote: »

You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses.

You may be the student, or you may pay the fees on the student's behalf. You can claim the relief if you have actually paid the fees.

No relief is available for:

examination fees
registration fees
administration fees.


https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/education/tuition-fees-paid-for-third-level-education/how-do-you-calculate-the-relief.aspx

This is incorrect, the first €3000 of all fees, student contribution etc. is disregarded for income tax relief purposes

rubberdungeon

They aren't my words, that is direct from the Revenue website.

Stanford

Revenue site says:

You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses.

You may be the student, or you may pay the fees on the student's behalf. You can claim the relief if you have actually paid the fees.

No relief is available for:

examination fees
registration fees
administration fees.

rubberdungeon

Stanford wrote: »

Revenue site says:

You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses.

You may be the student, or you may pay the fees on the student's behalf. You can claim the relief if you have actually paid the fees.

No relief is available for:

examination fees
registration fees
administration fees.

That's what I posted

Phoebas

rubberdungeon wrote: »

They aren't my words, that is direct from the Revenue website.

Also direct from Revenue is the 3k disregard.
https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/education/tuition-fees-paid-for-third-level-education/how-do-you-calculate-the-relief.aspx

Stanford

Revenue start with the good and then give you the bad.

Firstly any claim is limited to €7,000 max, then €3,000 is disregarded and so the relief is (7000-3000) x 20% = 800

rubberdungeon

Phoebas wrote: »

Also direct from Revenue is the 3k disregard.
https://www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/education/tuition-fees-paid-for-third-level-education/how-do-you-calculate-the-relief.aspx

The information I posted is from the Revenue website and includes that link.

Click the link and click overview and the information is there word for word. I didn't change the wording or add to it.

Stanford

I'm not suggesting anything of the sort but you must factor in the limit of €7000 and the exclusion of the €3000 to get the "qualifying amount, Revenue, on the face of it, only mentions these further down the article and one could be confused if one only read the first line as

"You can claim tax relief on fees (including the student contribution) that you have paid for third level education courses"

sfmcar

Any relief on accommodation?

Stanford

sfmcar wrote: »

Any relief on accommodation?

No

Edgware

Welcome to Varadkar's Ireland

Just accept that as two hard working P.A.Y.E. emoyees you are here to be ripped off to subsidise the scroungers in society.
Hopefully your child will get a very good degree so ad to gain employment on a country where work is rewarded

Stanford

Edgware wrote: »

Welcome to Varadkar's Ireland

Just accept that as two hard working P.A.Y.E. emoyees you are here to be ripped off to subsidise the scroungers in society.
Hopefully your child will get a very good degree so ad to gain employment on a country where work is rewarded

Unless you are a Farmer or a Publican in which case your local TD will organise a Local Authority Grant

rubberdungeon

It's unfortunate but that's how it's written in the overview of the Revenue website.

I had a look at Citizen's Information and they explain it like this:

Payments that qualify for tax relief
The maximum amount of fees (including the Student Contribution) that can qualify for tax relief is €7,000 per person per course.

Full-time student: There is no tax relief on the first €3,000 spent on tuition fees (including the Student Contribution) for the 2017/2018 academic year.

Part-time student: There is no tax relief on the first €1,500 spent on tuition fees (including the Student Contribution) for the 2017/2018 academic year.

More than one student: If you are claiming for more than one student, you will get full tax relief on tuition fees (including the Student Contribution) for the second or subsequent students.

http://www.citizensinformation.ie/en/education/third_level_education/fees_and_supports_for_third_level_education/tax_relief_for_third_level_fees.html

Phoebas

Edgware wrote: »

Welcome to Varadkar's Ireland

Just accept that as two hard working P.A.Y.E. emoyees you are here to be ripped off to subsidise the scroungers in society.
Hopefully your child will get a very good degree so ad to gain employment on a country where work is rewarded

Third level education is highly subsidised by the taxpayer in this country.

splinter65

rubberdungeon wrote: »

They aren't my words, that is direct from the Revenue website.

Rubberdungeon you can only get relief on fees in excess of €3000. Vast majority of courses here the fees are €3000 so the relief is only there if you have 2+ kids in 3rd level, which is not the case with the OP.

work

As you cannot get significant tax relief on fees perhaps your adult "child" can look at another way to help.
Fees in Ireland are highly subsidised and are relatively fair even if painful. Do people respect what they get for feree? The evidence would suggest the contrary.

Anyway could you look at another method to fund this legally. I am no accountant o sorry if so amateur.
1) Could the "child" pay something, do they work, If not why not?
2) Could you employ them as if they do not work they will get the money at a very low tax if you pay them the fees. They can then use the money for the fees?


2) above seems a no brainer to me.I do know they need to be actually working to get the money......Do your accounts, website etc...


Good luck with it

Mrs OBumble

The young adult in your family can work part time during term time and full time over summer, and pay no PAYE and very little other tax (USC / PRSI) on the first 15k.