2024/25 Federal Budget
What changes have come from the 2024/25 federal budget? First the government has confirmed that the revised personal tax rates cut has been enacted into law. The below tables outline the marginal income tax rates and thresholds that will apply. These rates will apply from 1 July 2024; The Government has also increased the Medicare levy low- income threshold amount for singles, families and seniors and pensioners and will apply… Read more