Tax Cuts

From 1 July 2024, the Albanese Labor Government is giving every Australian taxpayer a tax cut.  

As an example, if you are earning:

  • $60,000 a year, your tax cut will be $1179
  • $100,000 a year, your tax cut will be $2179
  • $140,000 a year, your tax cut will be $3729

If you're earning under $130,000 these tax cuts will be bigger than those that had previously been planned.


See your tax cut here with our free online calculator: Tax Cut Calculator

These tax cuts are designed to reduce cost of living pressures for all Australians.

They're part of our broader plan which includes boosting wages, bringing inflation under control, and driving fairer prices for Australian consumers. You can see more of what we're doing by clicking here.

Labor is delivering tax cuts that benefit more Australians, and we’re doing it in a way that is fair and responsible.

Tax Cuts