Income tax: Australian tax brackets and rates (2020–21 and 2021–22)
The amount of tax you pay will depend on your assessable income less a host of tax deductions and offsets. Here are the latest rates and thresholds.
Guide to the Low and Middle Income Tax Offset (LMITO)
LMITO is here for another year, saving taxpayers up to $1,080, so catch it if you can.
How does SAPTO work? (Senior Australians and Pensioners Tax Offset)
SAPTO can help retirees reduce their tax bill but working out whether you are eligible and for how much is far from straightforward.
Guide to the Low Income Tax Offset (LITO)
Low-income earners may be eligible to reduce their tax bill by as much as $700, without lifting a finger. Check our guide to who’s eligible and for how much.
Personal income tax cuts (2018–2025): What it means for you
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
What just happened to our tax? Here’s an explanation you’ll understand
With all the announcements on tax over the past few days it’s hard to keep track. So here goes. A year ago the then treasurer Scott Morrison unveiled a “seven year personal tax”.
Tax giveaways in Frydenberg’s ‘back in the black’ budget
The Morrison government has delivered an election-launch budget with big personal income tax handouts to attract voters and a A$7.1 billion 2019-20 surplus to display its economic credibility.
View from The Hill: Budget tax-upmanship as we head towards polling day
For the government this “election budget” is an exercise in juggling. On the one hand, it is throwing out voter bait. On the other, it is running hard on the theme of economic responsibility.
It’s the budget cash splash that reaches back in time
Talk about retrospective. In his determination to quickly inject money into the economy (for economic as well as political reasons), Treasurer Josh Frydenberg has reached back in time to give us an extra tax cut on income already earned during the financial year that’s about to finish.
