Paying too much tax? Steps to take now before July 1 cuts
With bracket creep cutting household income, here are eight ways to benefit before the stage three changes.
Taxpayers need to act quickly to avoid a double-whammy of rising inflation and wages pushing them into higher tax brackets and emptying their wallets as they fill government coffers, tax specialists warn.
Treasurer Jim Chalmers has acknowledged a $30 billion surge in tax revenue since last May was a product of bracket creep and claims it will be pared back by the proposed stage three tax cuts from July 1.
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