2024 Tax Brackets Australia Over 65

2024 Tax Brackets Australia Over 65. The government has legislated permanent tax cuts for all 13.6 million australian taxpayers from 1 july 2024 with the average annual tax cut being $1,888 (or $36 a week). That means your income is taxed in brackets and not at the marginal tax rate.

(1) if all outstanding tax returns are lodged prior to 31 october 2024, the lodgment due date should revert back to normal. Use the income tax estimator to work out your tax refund or debt estimate.