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Government Changes to Individual Income Tax

The Personal Income Tax Plan has gone through recent changes regarding rates, thresholds and offset entitlements. From 1 July 2018, the low and middle-income tax offset has been increased by $550. This now means individuals can have their tax reduced by up to $1,080 and dual income families up to $2,160 after lodging tax returns for the 2018-19 year.

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