For approved courses at approved third level education colleges there is a tax relief for fees paid.
An individual can claim tax relief on fees paid in respect of any person as long as the qualifying fees have been paid.
Qualifying fees means tuition fees including the Student Contribution but excludes registration fees and examination fees.
The maximum limit on qualifying fees for the academic year 2014/2015 is €7,000 per individual per course.
This limit is reduced by €2,750 for a full time student and €1,375 for a part time student.
If fees for the academic year 2014/2015 are paid in instalments in 2014 and 2015 the relief for fees may be granted either in 2014 or in the tax year in which the instalment was paid.
The relief can be claimed in your annual Income Tax return or during the tax year via an amended tax credit certificate once the fees have been paid.
The relief is available at the standard rate 20 %.
If you receive a refund or a partial refund of tuition fees paid you must notify the Revenue within 21 days or face a penalty of €3,000.