Tax compensation for low and middle income Australians.. Here are the details


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Tax compensation for low and middle income Australians.. Here are the details
Tax compensation for low and middle income Australians.. Here are the details

Australia news-

Some of the measures included in the government's $8.6 billion package include offsetting the low and middle income tax, and more than 10 million Australians who earn less than $126,000 a year will be affected.

Note that a one-time tax reimbursement of $420 plus $1,080 will apply from 1 July once Australians start filing their tax returns.

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Individuals can get a tax break of up to $1,500, and couples can get up to $3,000.

Plus, a fuel tax of 22 cents has also come into effect, saving motorists about $700 over six months.

  • Read also: $250 bonus for Australians within days

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