11/29/2023 0 Comments Back to the future part iii budget![]() With the additional year of the low and middle income tax offset (LMITO), our PIT Plan will provide tax cuts of up to $7,020 for individuals, and up to $14,040 for couples, in total over the period from 2018-19 to 2021‑22. This is on top of the $25.1 billion of announced tax cuts flowing to households in 2021‑22 under our legislated Personal Income Tax ![]() ![]() The Government is delivering a further $7.8 billion in personal income tax cuts to support more than 10 million low- and middle-income earners worth up to $1,080 for individuals or up to $2,160 for couples. Tax cuts will support household income and generate more activity, supporting jobs growth
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