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Australians can expect ‘bumper’ tax refund this year thanks to backdated tax cuts and extended offset – NEWS.com.au
Australians can expect ‘bumper’ tax refund this year thanks to backdated tax cuts and extended offset
Most Aussies can look forward to a bumper tax refund this year due to changes that will boost the amount of money they get back from the tax office.On top of the extended Low and Middle Income Tax Offset (LMITO) worth up to $1080, most Australians will also get extra money from backdated changes to tax thresholds that came into effect at the end of last year.
The Morrison Government brought forward Stage 2 tax cuts in the 2020/21 budget so they would begin in July 1 last year but the legislation…
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