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WINNERS
Low- and middle-income earners
Do you earn less than $126,000 a year? If you do, you re a winner in this Budget after government announced it was extending its low- and middle-income tax offset for another year.
In simple terms, you ll receive a fatter tax return when you lodge your tax later this year, with the maximum cashback rate of $1080 for individuals.
How much you receive back depends on how much you earn, but the initiative will cost the government $7.8 billion and will impact around 10.2 million Australians.
Federal Budget 2021: Will I get a tax cut?(Graphic: Tara Blancato)
Apprentices and tradies ....

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