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.
income tax rates and thresholds
LMITO is here for another year, saving taxpayers up to $1,080, so catch it if you can.
The majority of Australians are already enjoying tax cuts and increased financial support in the form of tax offsets, with more to come.
SAPTO can help retirees reduce their tax bill but working out whether you are eligible and for how much is far from straightforward.
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.