College Fees – Tax relief

How do you calculate the relief on college fees?

You will receive relief at the standard rate of tax, which is 20%. This is applied to the total qualifying fees once the disregard amount of €3000 for full time or €1,500 for part-time has been subtracted.

The maximum that can be claimed is €7,000

For example:

Helen pays tuition fees of €5,000 and a student contribution of €3,000 for full time course in 2018

Her qualifying fees are restricted to €7,000

She must then subtract the disregard amount of €3,000 from the €7,000 limit

This leaves her with €4,000 on which 20% tax relief can be claimed back (i.e. €800)

Subject to qualifying criteria

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie