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Income tax

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Most people don’t think about their super until something shifts. But with June 30 fast approaching, this is the perfect time to take a look.

Seven steps to boost your super this tax time

Most people don’t think about their super until something shifts. But with June 30 fast approaching, this is the perfect time to take a look.

  • Bec Wilson

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The government is trying to raise tax on big superannuation accounts.

How much more will the superannuation tax cost you?

From retirees and MPs to farmers, Labor’s new super tax increase is not as simple as it sounds. Here’s how it will affect you – and your tax bill.

  • Millie Muroi
Finance Minister Katy Gallagher and Treasurer Jim Chalmers have said they will prioritise responsible economic management.

Budget $5 billion better off thanks to bigger tax scoop

The budget remains in deficit, but documents released on Friday showed an improvement as Australians paid more tax.

  • Millie Muroi
Unless your work involves something extremely perilous, it’s unlikely you’ll be able to claim the cost of your trusty hound.

Can I deduct my dog? The 10 wildest tax questions we’ve heard

From Diet Cokes to whether dating site subscriptions are tax-deductible, here are 10 of the most “interesting” questions received at tax time.

  • Ryan Edwards-Pritchard
Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.

Five last-minute hacks to help reduce your tax bill

Five weeks until the end of the financial year means it’s action stations if you want to make any moves to minimise your tax.

  • Nicole Pedersen-McKinnon
Greens leader Larissa Waters.

Greens to push for super tax indexation

On Friday, Waters said the Greens partyroom would discuss the policy and likely advocate a similar position to the one before the election.

  • Olivia Ireland
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The true extent of Anthony Albanese’s victory will be tested by Jim Chalmers’ proposed superannuation changes.

What you need to know about Labor’s new super tax

The system applies to one in 200 taxpayers now, but could affect many more in years to come. Here are the key issues and how the change affects you.

  • Millie Muroi
Treasurer Jim Chalmers is facing strong pushback for his long-standing plan to change tax arrangements for large superannuation funds..

‘Hundreds of thousands’ could be caught in Chalmers’ super tax

It’s sold as just a “modest” hit to 80,000 wealthy retirees. But a leading tax expert says Jim Chalmers’ superannuation changes will quickly affect far more.

  • Shane Wright
The proposed super tax will likely cut into the balances of top earners.

Can I withdraw from my super to avoid the proposed $3m tax?

The calculation for the new $3 million super tax can be difficult to wrap your head around. But there’s a simple bottom line.

  • Noel Whittaker
Farmers strongly oppose the increased fire services levy.

What is the fire services levy and who pays it?

Victoria’s fire services tax rate has more than doubled. The extra money will supposedly better equip emergency services, so why are firefighters protesting?

  • Gemma Grant

Original URL: https://www.theage.com.au/topic/income-tax-5yk