Tax Credits – Tuition Fees and Training Courses

Tax relief at 20% is available for certain third level tuition fees.

Tax relief is not available for student registration fees or administration fees.

The maximum amount on which tax relief can be claimed is €7,000 subject to an amount being disregarded as follows –

– For the year 2014 no relief will be allowed for the first €2,750 of fees paid for full time courses or the first €1,375 for part time courses.

– For the years 2015 and 2016 no relief will be allowed for the first €3,000 of fees paid for full time courses or the first €1,500 for part time courses.

 These amounts are deducted from the total of the claims for the year in question e.g. the same deduction applies if the claim is for one person or two or more persons.

For the years up to 2006, the payment of the fees had to be for yourself , your spouse or a dependent. From 2007 onwards the relationship requirement no longer applies.

TAX SAVING TIP

This claim is often overlooked by parents who are paying fees for children attending private colleges. It is not too late to make a claim for the last four tax years if not already done so.

Tax relief is also available for certain Training Courses in the Information Technology and Foreign Languages areas. The tax relief is allowed at 20% on fees costing from €315 to a maximum of €1,270.