IT’S TAX TIME!
This year’s tax cuts for individuals will entitle you to receive up to $1,080 bonus in your refund.
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The Australian government’s $158 million in tax cuts means that those earning between $48,000 and $90,000 will be entitled an offset of $1,080.
This means that singles can get up to $1,080, while dual-income households could net up to $2,160 per year.
The entitled amount will be included in your tax return — meaning you won’t need to do anything to claim it, you will just need to lodge your tax return as normal.