Labor’s new tax cuts for every taxpayer

The Albanese Labor Government will deliver two more tax cuts to every Australian taxpayer in 2026 and 2027, adding to the first round that Labor delivered in July last year.

Every Australian taxpayer gets another tax cut from next year – all 14 million, not just some.

This will give a top up to every taxpayer, right up and down the income scale.

Find out how much you will save using this Tax Cuts Calculator.

 

Whether you’re a truckie, a teacher or a tradie, whether you’re in manufacturing, mining or the care economy, you will earn more and keep more of what you earn.

Our new tax cuts for every Australian taxpayer come on top of our substantial and responsible cost-of-living relief including:

  • Labor’s first round of tax cuts for every taxpayer that started rolling out last year
  • Two rounds of energy bill relief for every household and for small businesses;
  • Growing wages;
  • Strengthening Medicare with more bulk billing and more Medicare Urgent Care Centres;
  • Cheaper medicines, with a script to cost Australians no more than $25 under the Pharmaceutical Benefits Scheme;
  • Cheaper child care;
  • Cutting 20% off all student debts;
  • Making Free TAFE permanent;
  • Increased rent assistance and working age payments;
  • Making it easier to buy and rent a home;
  • A fair go for families and farmers.


Read more about Labor’s new tax cuts here.