Income tax
Opinion
Opinion
Think twice this tax time - the ATO has AI watching
If you’re someone who has historically been lax with record keeping, you can expect an audit from the tax office’s new AI-powered systems.
- by Victoria Devine
Latest
Economic growth ‘very weak’ but better days around the corner
The head of Treasury says while soft consumer spending will lead to subdued economic growth, household budgets will fare better in the second half of the year.
- by Shane Wright and Rachel Clun
You might not like it, but bracket creep is aiding the inflation fight: Treasury boss
The head of the federal Treasury, Steven Kennedy, says bracket creep has been a helpful stabilising force over the past three years.
- by Shane Wright
End the creep: Former RBA expert backs annual tax relief for millions
Luci Ellis, Westpac’s chief economist, says there’s a big case for increasing tax thresholds each year. Without end, taxes will keep rising forever.
- by Shane Wright
Households bank on tax cuts and anti-inflation budget plans
Tax cuts, worth on average $1888, and a further round of cost-of-living measures will be at the heart of Jim Chalmers’ third budget.
- by Shane Wright
Nine out of 10 landlords are getting their income tax returns wrong, and the ATO is watching
Dodgy landlords making inflated claims for repairs and maintenance on their rental properties are firmly in the Australian Tax Office’s sights.
- by Rachel Clun
Australians flattened by biggest tax increase in world
Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the developed world as inflation surged, OECD data shows.
- by Shane Wright
Price pressures to ease but Australians hit by record tax take
Inflation is forecast to have fallen to its lowest level since 2021 as price pressures ease across the economy, but taxes are now weighing on Australians.
- by Shane Wright
Analysis
Analysis
Easy-to-miss deductions that could reduce your tax this year
Work-related handbags, briefcases and sunscreen are just some of the tax deductions that can be overlooked.
- by John Collett
‘Fair thing to do’: ATO commissioner urged to wipe interest on ‘robotax’ debt
The ATO has been pushed to wipe accumulated interest on old debts that people weren’t even aware of, after it issued unexpected letters that distressed many Australians.
- by Jessica Yun
Exclusive
ATO
Tax Office rejects one in four calls to fudge waiting time figures
The ATO is only meeting its performance target for phone waiting times by rejecting some callers early. That is despite the target being lowered this year.
- by Sean Parnell