You can claim the Education Tax Refund (ETR) each financial year for a child who meets the schooling requirement.
Maximum claimable amounts
You can claim 50% of eligible education expenses up to the maximum amounts. For the 2010-11 financial year, the maximum amounts are:
* $794 for each primary school child. You can claim a maximum refund of $397 for each primary school child you have, and
* $1,588 for each secondary school child. You can claim a maximum refund of * $794 for each secondary school child.
What items can I claim?
Eligible expenses include the cost of buying, establishing, repairing and maintaining any of the following items:
*home computers and laptops
*computer-related equipment such as printers, USB flash drives, and disability aids to assist in the use of computer equipment for students with special needs
*home internet connections
*computer software for educational use
*school textbooks and other printed learning material, including prescribed textbooks, associated learning materials, study guides and stationery, and
*prescribed trade tools for secondary school trade courses.
!! You can even carried forward amounts that exceed the threshold for one year.