Federal Budget – May 2026
federal budget | May 2026 PERSONAL TAXATION Personal tax rates: existing cuts for 2026–2027 and 2027–2028 unchanged In the Budget, the Government did not announce any further changes to the personal tax rates. However, the proposed new $250 working Australians tax offset (WATO) from 1 July 2027 is expected to increase the effective tax-free threshold … Continued
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client alert tax news | views | clues Will the proposed $1,000 instant tax deduction benefit you? The Federal Government has released draft legislation for a new “instant” standard tax deduction that would allow eligible taxpayers to claim work-related expenses at tax time without receipts. This would replace the current $300 no-receipt immediate deduction limit. … Continued
Read moreApril 2026 Newsletter
client alert tax news | views | clues AI may be handy for simple money questions, but it’s no substitute for professional advice Artificial intelligence tools are becoming increasingly popular for answering money-related questions. While these tools can be helpful for summarising information and helping you work out what to research next, convenience doesn’t equal … Continued
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