Australian Tax Return Guide 2026
Everything you need to know about filing your tax return in Australia.
Key Dates
- July 1: New financial year begins
- July 14: Tax File Number (TFN) declaration deadline for new employees
- October 31: Deadline to lodge your tax return without penalty
- November 15: Deadline if using a registered tax agent
Tax Brackets 2026-27
| Taxable Income | Tax Rate |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 19% |
| $45,001 – $120,000 | 32.5% |
| $120,001 – $180,000 | 37% |
| $180,001+ | 45% |
Common Deductions
Work-Related Expenses
- Uniforms and work clothing (with logo or specific to job)
- Professional development and training
- Home office expenses (if working from home)
- Travel for work
- Tools and equipment
Vehicle Expenses
You can claim vehicle deductions using:
- Logbook method: Claim a percentage based on business use
- Cents per kilometre method: Up to 5,000 business km per year
Superannuation
- Employer must pay 12% of your salary into super (as of 2026)
- You can make voluntary contributions (both before and after tax)
- Concessional contributions cap: $30,000 per year
- Non-concessional contributions cap: $120,000 per year
Medicare Levy
The standard Medicare levy is 2% of your taxable income. You may be exempt if:
- You earn below the threshold
- You have a valid exemption certificate
- Youre a foreign resident
Tips for Maximising Your Return
- Keep all receipts for work-related expenses
- Maintain a logbook for vehicle claims
- Consider salary sacrificed superannuation
- Claim home office expenses if applicable
- Lodge on time to avoid penalties
Note: Tax laws change regularly. Consult a qualified tax professional for advice specific to your situation.