low and middle income tax offset

Created
Wed, 23/02/2022 - 23:19

We are about to find out whether we’ll lose a tax break worth up to $1,080 a year.

Treasurer Josh Frydenberg says he hadn’t “made any final decision” on the A$7.8 billion per year low and middle income tax offset ahead of next month’s budget.

He also says it was never intended to be “a permanent feature of the tax system”, which is true enough.