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Stage 3 tax cuts calculator: See how much money you’ll get back

Updated

The stage 3 tax cuts take effect today.

But how much you’ll get back changed under Anthony Albanese’s new plan unveiled in January.

See exactly how much you’ll get back from FY24-25, and how it differs from the Coalition’s plan, with our calculator below.

More than 11 million Australians will receive bigger tax cuts as part of the redesigned stage 3 tax plan, but all taxpayers will see some green.

If you earn under $147,000 you will essentially get more bang for your buck than the original stage 3 tax cuts plan, but those on a higher income will receive half of what was previously proposed.

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Original URL: https://www.smh.com.au/politics/federal/stage-3-tax-cuts-calculator-see-how-much-money-you-will-get-back-20240125-p5f01h.html