Tax cuts that ‘may never happen’
Millions of Aussies are celebrating new tax cuts headed their way. But there’s another range of cuts that may never see the light of day.
Tax Time
Tax time is approaching. Find out what you can and cannot claim for deductions this financial year and who is on the ATO's tax hit list.
Work out how much you get from Budget
Treasurer Josh Frydenberg has handed down a Budget that includes a staggering amount of spending. Find out how much you’ll get.
Big losers in the Budget revealed
The COVID Budget has landed. These are the Australians who are better off as a result and the ones who may not be smiling.
One huge catch with your tax cut
Treasurer Josh Frydenberg has promised workers extra cash in their pay packets from this month, but the vast majority will be forced to wait.
The Budget explained in five minutes
There’s plenty of good news for many Australians in the Budget including tax cuts and other incentives. Here’s what’s in it for you.
How to get your backdated tax cut
A huge number of Aussies will immediately begin paying less tax very soon. Here’s how you’ll get your backdated savings – and when.
The Aussies snubbed by $4b plan
The federal government has unveiled an ambitious new $4 billion plan to help Australians get a job – but not everyone will benefit.
Hint on when you can travel overseas
The Budget has provided a hint on when international travel will recommence, with a big change in our tourism industry.
‘No benefit’: Tax cuts for the rich slammed
Wealthy Aussies will have their pockets lined even further under the new Budget, while those out of work have been left out in the cold.
How much you’ll get back in tax cuts
More than 11 million Australians will get a tax cut this year – and it’ll be backdated, meaning your tax-home pay will increase within weeks.
Tax cuts for millions ‘within weeks’
More than 11 million Australians will get tax cuts as part of the Budget, with the money to be in pay packets by the end of the month.
Read Josh Frydenberg’s full budget speech
Treasurer Josh Frydenberg has handed down the 2020 Federal budget, revealing tax cuts and spending on jobs and infrastructure.
Massive mullet boast that’s backfired
Josh Frydenberg used to crack a joke about his infamous mullet as a way of attacking Labor. Tonight, the Treasurer isn’t laughing.
Aussies to get bonus $500 handout
Welfare recipients will soon score a surprise gift from the government, with two $250 payments hitting bank accounts within months.
Big problem with this Budget graph
The government says Australia will dig its way out of a record $214 billion budget hole – but it’s basing that prediction on a huge assumption.
Tax win for Aussies working from home
It will be easier for Australians working from home to make a tax claim, but experts fear the system might leave workers short changed.
JobKeeper crackdown busts thousands
The ATO has gone after Aussies rorting the wage subsidy scheme after receiving 9000 tip-offs from the public, clawing back $75 million so far.
Women screwed by new tax plan
Male workers will get double the tax cut cash that women will get under a new plan to bring forward tax relief in the wake of the pandemic.
Virus pandemic sparks new tax warning
Huge tax increases and the introduction of new taxes could be on the cards as global governments reel from the coronavirus pandemic.
How much you will save from tax cuts
The vast majority of Aussies will save $1080 through the tax changes but this quickly climbs to $2565 depending on your income.
Taxpayers stung by common ATO trap
The tax office has announced a new plan to catch rule-breakers – and while some might be “disgruntled”, it’s a move straight out of the ATO playbook.
ATO’s tough new crackdown
The tax office has issued a brand new warning to Aussies – and if you’ve done the wrong thing, you can expect to soon pay dearly.
Australia’s $850 billion debt bomb revealed
The Morrison Government was meant to unveil Australia’s long-awaited surplus this year. Instead Australia has recorded the biggest deficit in decades.
How to get the biggest tax return
If you’ve been working from home and are planning to use the ATO’s flat rate for your tax return, this is what you need to know.
ATO’s grim warning for Aussies
The tax office has warned that scores of taxpayers could soon be hit with audits and even financial penalties due to one big mistake.
Aussies to get big tax cuts early
Middle income earners could get an extra $2565 a year after the government confirmed it was looking to bring forward planned tax cuts.
Unpopular tax may be hiked
Economists say now is the time to plot for daring tax reform to help steer Australia out of its first recession in nearly three decades.
500,000 Aussies wipe out super funds
Almost half a million Aussies have completely cleared out their superannuation accounts with demand for the government scheme outstripping expectations.
Rush for $10,000 crashes ATO site
Aussies clambering to get their hands on their retirement savings has frozen the government website on the first day of the new financial year.
Costly July 1 deadline looming
More than 380,000 Aussies have just a few hours to buy insurance before being subjected to a loading system that can end up costing thousands.
July 1 tax mistake we all make
Experts are “bracing for an onslaught” but if you’re one of the millions of Aussies frantic for a tax refund, there’s something you should know.
What you must do before June 30
The end of the financial year is less than a week away – and there are some important things you need to do to avoid getting stung.
Scary tax deadlines to watch out for
The end of financial year is fast approaching – but don’t get caught out by the stack of other key tax dates on the calendar.
Why tax refunds could be smaller this year
The COVID-19 crisis has hit family budgets hard, and the thought of a fat tax refund is more tempting than ever. But don’t get your hopes up.
New tax rules you need to know now
It might be the last thing on your mind right now, but tax time is fast approaching – and there are a stack of big changes this year.
Messages expose worrying new scam
Aussies are being hit with seemingly legitimate texts from the “ATO”, but the tax office says they point to a disturbing new type of scam.
Watch out for these tax scams
WITH tax time just around the corner, there is a wave of scams to watch out for, affecting everything from Netflix to banking.
Taxman’s $10bn Facebook raid
THE flashy lifestyles of Australians who report modest incomes, but live it up on social media, are being investigated by the Australian Taxation Office.
Gen Y is getting screwed on tax
WHILE their elders are laughing all the way to the tax office, this group of workers is getting screwed.
Do you live in terror of tax time?
IF YOU’D rather endure a root canal than wade through your tax receipts, we bet you’ve used one of these seven excuses to put off the deed.
Original URL: https://www.news.com.au/topics/tax-time/page/7