Tax Cut Calculator
Calculate your Australian tax savings from the latest tax cuts and reforms. See how much extra take-home pay you'll receive with updated tax brackets.
Tax Cut Calculator
Your Tax Savings
Annual Tax Savings
Extra money in your pocket each year!
Tax Brackets Comparison
| Taxable Income | 2023-24 Tax Rate | 2024-25 Tax Rate | Change |
|---|---|---|---|
| $0 – $18,200 | 0% | 0% | No change |
| $18,201 – $45,000 | 19% | 19% | No change |
| $45,001 – $120,000 | 32.5% | 32.5% | No change |
| $120,001 – $180,000 | 37% | 37% | No change |
| $180,001+ | 45% | 45% | No change |
* Tax cuts may include changes to tax offsets and thresholds
About Australian Tax Cuts
The Australian government regularly reviews and adjusts tax brackets and rates to provide relief to taxpayers. These changes can result in significant savings for individuals and families.
- Lower tax rates for middle income earners
- Increased tax-free thresholds
- Enhanced tax offsets
How to Use Your Tax Savings
Your tax savings can make a real difference to your financial situation. Consider these options:
- Pay down debt faster
- Boost your emergency fund
- Increase superannuation contributions
- Invest for the future