Tag Archives: 2020 Budget measures

How the Federal Budget 2020 may impact you

How the 2020 Federal Budget may impact you image

Income tax cuts brought forward This financial year, some 11 million individuals will benefit from income tax cuts being brought forward. For those earning between $48,000 and $90,000, the relief will be $1,080. Those earning between $90,000 and $120,000 will receive between $1,080 and $2,430 in tax relief and anyone with incomes above $120,000 will end up…