Limerick Fianna Fáil TD Niall Collins has reminded parents that they are entitled to apply for tax relief on the fees they pay for third level courses for their children.

Deputy Collins explained, “Some parents may not be aware that they can claim back as much as 20% of the money they pay for their children to attend college or other third level courses.

 

“This applies to tuition fees for undergraduate courses and postgraduate courses but does not include the student registration fee or exam fees. The relief is available on fees up to a maximum of €7,000 a year, meaning parents or the students themselves can save as much as €1,400 a year.

 

“While parents can’t claim tax relief on the new flat-rate Higher Education Student Contribution of €2,000 a year for one child at college, they can claim relief on the contributions for any additional children attending third level at the same time – so the contribution fee would amount to €1,600 instead of €2,000.

 

“This time of year can be particular expensive for families as they prepare for the new academic year. It is important that they know exactly what savings are available to them as they budget to meet education costs this year. Full details of the college courses eligible for this tax relief can be found at www.revenue.ie