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Tax deductions

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The new standard deduction will make life simpler for millions of people. But it could come at a cost to those with a big laundry bill.

The $1000 tax deduction promises less paperwork. Experts warn there’s a catch

Australians will soon join most of the world in having a standard deduction on their tax return. But it could come at a cost to those with dirty clothes.

  • Shane Wright

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Premier Chris Minns, right, has not hesitated to put distance between himself and Prime Minister Anthony Albanese, right.

Why the premier needs to create some safe distance from Canberra

Chris Minns says “working families” are being “stung” by high taxes. Which families is he talking about?

  • Michael McGowan
Crossbench MP Allegra Spender.

Dozens of politicians set to be hit by new tax on trusts

Independent MP Allegra Spender lists five trusts on her parliamentary register. She says she supports the Albanese government’s bid to make the system fairer.

  • Matthew Knott
Illustration by Simon Letch

The PM’s about to offer selfish Boomers like me a chance at redemption

The budget will be a threshold moment for Anthony Albanese as he stares down wealthy Baby Boomers and strikes a blow for generational equity. It will be his biggest political risk to date.

  • Peter Hartcher
The tax office is set to review the cents-per-kilometre rate in May.

How drivers could get bigger tax deductions for car expenses within months

The Australian Tax Office will decide in May whether to increase the cents-per-kilometre rate for work-related tax deductions, as fuel prices have surged.

  • Millie Muroi
Assistant treasurer and assistant minister for productivity and competition Andrew Leigh.

Boomers will leave their kids $5.4 trillion. This minister thinks we should give it away instead

The government wants to double philanthropic donations by 2030. But our charitable instincts seem to be going in the opposite direction.

  • Jenna Price
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Treasurer Jim Chalmers has just returned from IMF meetings in the Washington and warned about the fallout from the war against Iran.

Budgets are built on forecasts. But whatever Chalmers predicts, it keeps getting worse

The treasurer’s fifth budget was always going to be one of the most important this century. The war in Iran has taken the May 12 edition to the highest degree of difficulty.

  • Shane Wright
The Federal Court’s latest judgment has likely set the bar even higher for claiming occupancy expenses such as rent.

Work from home tax claims restricted after ATO court victory

The Federal Court has knocked back a claim from an ABC radio presenter who entered $6000 in home rent as an expense.

  • Millie Muroi
Andrew Hastie and Angus Taylor are at odds over the Coalition’s tax outlook.

Taylor talks to Hastie after controversial call on Labor’s tax proposals

Andrew Hastie called for a step change in the Coalition’s economic posture on Sunday, breaking with Taylor’s firm line opposing Labor tax hikes.

  • Paul Sakkal
Stamp duty has many critics.

WA is eyeing new stamp duty concessions. Do they go far enough?

Strategic Property Group managing director Trent Fleskens said stamp duty was the biggest impediment to buying a new home, outside of a deposit.

  • Michael Philipps and Holly Edwards-Smith