Federal budget 2026–27
Am I better off?
Skip the spin. Slide in your income, answer two questions, and see what the budget’s personal measures are actually worth to you — every number traced to the official budget papers.
2026–27 · from this July
$478
- Tax-rate cut (16% → 15%): $268
- $1,000 instant deduction: about $210
From 2027–28 · each year
$996
- Tax-rate cuts (16% → 14%): $536
- Working Australians Tax Offset: up to $250
- $1,000 instant deduction: about $210
What’s counted
The calculator covers the budget’s three main personal tax measures: the tax-rate cut on income between $18,201 and $45,000 (16% to 15% from 1 July 2026, then to 14% from 1 July 2027, worth up to $268 and then $536 a year); the $1,000 instant work-expense deduction from 2026–27 (no receipts needed — your benefit depends on what you already claim and your tax bracket); and the Working Australians Tax Offset of up to $250 a year from 2027–28.
Not counted, because they depend on your circumstances: Commonwealth Rent Assistance increases, cheaper PBS medicines, the three-month fuel-excise cut that ran April to June 2026, and housing measures. They’re real — they just can’t be reduced to one honest number for everyone.
Sources & method
Measures from the Australian Government’s Budget 2026–27 cost-of-living papers and Treasury’s tax-cut calculator. Rate-cut savings are computed on your taxable income against the 2025–26 scale; the instant-deduction estimate multiplies your unused portion of the $1,000 by your marginal rate. These are estimates for general information, not financial advice — your actual tax position depends on your full circumstances.
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