How much a new $1,000 tax offset would really be worth – and who’s better off avoiding it
- Written by Fei Gao, Lecturer in Taxation, Discipline of Accounting, Governance & Regulation, The University of Sydney, University of Sydney
David Peterson/Pexels, CC BYWhen Australian workers lodge a tax return from mid next year, around 6 million taxpayers look set to be able to claim up to A$1,000 with an “instant” work-related tax deduction, without receipts. The Albanese government has just released draft legislation on the change.
That deduction is higher than the littl...
