ABC News – Top stories
·general
·2 hours ago
$250 tax break for millions of workers in federal budget 2026
Australia's government announced a $250 annual tax break for 13.3 million workers starting July 2028, funded by raising taxes on investment properties and trusts. Treasurer Jim Chalmers said the reforms will make the tax system fairer while supporting 75,000 first-home buyers over a decade. The budget remains in deficit as Middle East tensions threaten to push inflation to 5 percent.
Summary by Glance · ABC News – Top stories
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