Ten million Australians will get a big tax cut worth up to $1,080 as part of a federal budget designed to cement the nation's rapid recovery from last year's Covid-induced recession. But the sweetener comes alongside grim news that overseas holidays will be off the cards until mid-2022 except for travel bubbles with safe countries such as New Zealand as the deadly disease continues to ravage the world. The budget's flagship policy is an extension of the lower and middle-income tax offset – which gives Aussies who earn less than $126,000 a big boost when they submit their tax returns. Australians earning between $48,000 and $90,000 will get the maximum amount of $1,080 while those earning between $37,000 and $48,000 and between $90,000 and $126,000 will get a smaller amount depending on their salary.