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Tax & Super
Bracket cuts, CGT reform, super, deductions, business tax.
85,000 companies are getting tax refunds you didn't hear about
Permanent 2-year loss carry-back for companies up to $1B turnover. Plus startup refundability from July 2028.
Your super isn't being taxed at 30% — read the $3M cap fine print
Concession reductions only above $3M balance (top 5%). LISTO simultaneously boosted — 1.3M low-income earners get more.
WTFBudget Editorial
Why R&D tax breaks now favour companies under 10 years old
Refundable offset preserved specifically for firms <10y. Older firms get non-refundable equivalent. Effective 1 July 2028.
WTFBudget Editorial
Budget surplus or deficit? Here's the actual number
2026-27 = deficit. All four forward years run deficits. Net debt past $1T late this decade.
WTFBudget Editorial
The $1,000 tax deduction with ZERO receipts — what's the catch
From 2026-27, 6.2M workers get an automatic $1k deduction. Want more? Substantiate it the old way.
WTFBudget Editorial
Tradies — the $20k instant write-off is back, with a catch
Permanent from 1 July 2026 — but only for businesses under $10M turnover. Per asset, not per year.
WTFBudget Editorial
Two deadlines that decide if you save $4,700/yr on an EV
Full FBT exemption continues for EVs under $75k through 2029 — after that, 25% permanent discount.
WTFBudget Editorial
More in Tax & Super
The $1,000 tax deduction with zero receipts — the catch
Three cuts that stack: bracket to 14%, $250 WATO, $1,000 instant deduction. A worker on $75k saves $2,300+ from 2027-28.
Your home is NOT being taxed — the CGT myth
Indexation + 30% minimum tax from 1 July 2027 — but your home, super, and pre-2027 gains stay untouched.
No, your family trust doesn't suddenly pay 30%
The 30% minimum trustee tax from 1 July 2028 only hits discretionary trusts — farms, super, charities stay clear.