Tax and business news

The 2026–27 tax cut is real but capped at $268. Here is what it actually does to your refund — and what it does not.

Separating real 2026–27 deduction rules from social-media tax tips — car claims, working from home, and the new $1,000 standard deduction.

From 2026–27, eligible workers can access a standard work deduction of up to $1,000. It may simplify smaller claims, but it is not a $1,000 refund or an extra deduction on top of your actual expenses.

The new $250 Working Australians Tax Offset starts in 2027–28, while two previously legislated tax-rate cuts begin sooner. Here is what changes, when it changes and how the measures may work together.

The Government proposes removing the higher age-based private health insurance rebates for people aged 65 and over. The measure is not yet law, but affected policyholders should understand the possible cost.

The Medicare levy low-income thresholds have increased by 2.9% for 2025–26. Here are the new figures, who they affect and how the ATO applies them in your tax return.

A plain-English run-through of the 2026–27 tax changes that actually matter — what starts when, and what is still just an announcement.

Tax time can feel confusing, especially if you are not sure how to prepare and lodge your tax return. For the 2026 financial year, your tax return needs to include your income, deductions and other relevant tax information for the period 1 July 2025 to 30 June 2026. This guide explains how to do your tax return in Australia, what documents to gather, when to lodge, and how to avoid common mistakes. Whether you lodge yourself through myTax or use a registered tax agent, unders