The Coalition is throwing a few pre-election sweeteners in the direction of low- to middle-income earners, by doubling the tax cuts they will receive the next time they file a tax return.
Last year, the Government announced it would give people earning up to $90,000 an instant tax cut of up to $530.
That will now be more than doubled to $1,080 for singles, and increase up to $2,160 for double-income families.
The tax offsets start to flatten out for people earning between $90,000 and $126,000.
The Government is also promising to reduce the 32.5 per cent tax rate to 30 per cent by July 2024, which will impact around 70 per cent of the nation's taxpayers.
Find out how much better off you could be with our calculator.
| Income | Tax cut from 2018-19 | Tax cut from 2022-23 | Tax cut from 2024-25 |
| $30,000 | $255 per year | $255 per year | $255 per year |
| $60,000 | $1,080 per year | $1,080 per year | $1,455 per year |
| $90,000 | $1,215 per year | $1,215 per year | $2,340 per year |
| $120,000 | $315 per year | $2,565 per year | $4,440 per year |
| $150,000 | $135 per year | $2,565 per year | $6,540 per year |
| $180,000 | $135 per year | $2,565 per year | $8,640 per year |
