What amounts can Bras, Susan and Kismis deduct from the following payments made during the current tax year? Give reasons, quote sections of the ITAA and indicate any special points you consider are relevant.

I. Bras is a student who pays her HECS-HELP debt of $1,000 for her work-related study.

II. Kismis commences a post-graduate course which meets the requirements of s.8-1. The fees cost Kismis $2,500 and he used the HECS-HELP system to pay the fees.

Answer rating: 100% (QA)

Deductions for Education Expenses Bras and Kismis I Brass HECSHELP Debt for WorkRelated Study Deduct... View the full answer