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Federal Budget 2026-27

  • 13 hours ago
  • 1 min read

$1,000 Standard Deduction for Work-related Expenses

The Government will introduce a standard tax deduction of up to $1,000 for work-related expenses from the 2027 income year. Draft legislation and explanatory materials have been released for consultation regarding this measure: Treasury Laws Amendment Bill 2026: standard deduction for work-related expenses.

The Draft Bill proposes to amend the tax law to introduce a standard deduction of up to $1,000 for Australian tax residents who earn income from work, starting 1 July 2026. Such taxpayers will not need to itemize or substantiate work-related expenses if they are claiming no more than $1,000.

 
 
 

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