Today we’ve announced changes to the stage 3 tax package to give more than 11 million Australians a bigger tax cut.
 
How you’ll benefit from these tax cuts
 
From 1 July, every Australian taxpayer will get a tax cut, that’s more money in your pocket. 
 
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

Helping with the cost of living
 
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.

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

Find out how much you and your family will save by using the Treasury calculator here: Tax cut calculator | Treasury.gov.au