No doubt some of you would have read about the proposed changes (to the original changes) to these tax rates from 1 July 2024 onwards. While the changes have not yet been legislated, they are expected to be passed as follows:
** Rates do not include 2% Medicare levy
Under the changes, most Australians will receive a tax cut but for many high-income earners, it will be a smaller tax cut than what they were expecting.
To estimate your tax cut, you can use the tax cut calculator link below
