Business Planning Workshop Register now In this action-packed 2…Read More
Register Now Preview modal- Financial markets are moving and…Read More
The Government has cut income tax Posted on July 24, 2019
The cash refund is expected to boost Australia’s sluggish economy in much the same way as the GFC cash stimulus did in 2008.
Here is a summary of who and how much:
Earning up to $37,000 you may get up to $255
Earning between $37,001 and $47,999, you may receive between $255 and $1,080
Earning between $48,000 and $90,000, you may be set to get the full $1,080, and for dual income families on this level of income, you may get $2,160!
Earning between $90,001 and $126,000, the “tax relief” tapers off from the $1,080 to $0.
This is, of course dependent on your tax affairs. If you’ve got any questions about your FY2018-2019 tax return, don’t hesitate to give us a call.