Rates and thresholds
| Item | 2025–26 | 2026–27 |
|---|---|---|
| Resident rates (taxable income tops) | 0% to $18,200 / 16% to $45,000 / 30% to $135,000 / 37% to $190,000 / 45% above | 0% to $18,200 / 15% to $45,000 / 30% to $135,000 / 37% to $190,000 / 45% above |
| Low income tax offset | $700 up to $37,500, nil from $66,667 | $700 up to $37,500, nil from $66,667 |
| Medicare levy | 2%; none to $28,011 single, $47,238 family | 2%; none to $28,011 single, $47,238 family (provisional) |
| Medicare levy surcharge starts (single / family) | $101,001 / $202,001 | $105,001 / $210,001 |
| Seniors and pensioners tax offset (single) | $2,230, reduced from $34,919 | $2,230, reduced from $36,034 |
| Study loan repayments start | $67,001 | $69,529 |
| Capital gains discount (assets held 12 months+) | 50% | 50% |
| Car cents per km (max 5,000 km) | 88c | 91c |
| Work-from-home fixed rate | 70c an hour | 70c an hour (assumed) |
| Standard deduction for work expenses | — | $1,000 |
| Lodge by (self-lodgers) | 31 Oct 2026 | 31 Oct 2027 |
Official source: Tax rates for Australian residents (ATO), Low income tax offset (ATO), Medicare levy reduction (ATO), Medicare levy surcharge thresholds (ATO), Study and training support loans thresholds (ATO), Seniors and pensioners tax offset (ATO), Working from home fixed rate (ATO), Standard deduction for work expenses (ATO), Individual tax return instructions 2026 (ATO). Rates checked on Oct 29, 2026.
Income tax rates 2025–26
| Taxpayer | Taxable income | Rate |
|---|---|---|
| Resident | $0 – $18,200 | 0% |
| Resident | $18,201 – $45,000 | 16% |
| Resident | $45,001 – $135,000 | 30% |
| Resident | $135,001 – $190,000 | 37% |
| Resident | Over $190,000 | 45% |
| Foreign resident | $0 – $135,000 | 30% |
| Foreign resident | $135,001 – $190,000 | 37% |
| Foreign resident | Over $190,000 | 45% |
| Working holiday maker | $0 – $45,000 | 15% |
| Working holiday maker | $45,001 – $135,000 | 30% |
| Working holiday maker | $135,001 – $190,000 | 37% |
| Working holiday maker | Over $190,000 | 45% |
Study loan repayments 2025–26
| Repayment income | Compulsory repayment |
|---|---|
| Up to $67,000 | Nil |
| $67,001 – $125,000 | 15c for each $1 over $67,000 |
| $125,001 – $179,285 | $8,700 + 17c for each $1 over $125,000 |
| Over $179,285 | 10% of repayment income |
Income tax rates 2026–27
| Taxpayer | Taxable income | Rate |
|---|---|---|
| Resident | $0 – $18,200 | 0% |
| Resident | $18,201 – $45,000 | 15% |
| Resident | $45,001 – $135,000 | 30% |
| Resident | $135,001 – $190,000 | 37% |
| Resident | Over $190,000 | 45% |
| Foreign resident | $0 – $135,000 | 30% |
| Foreign resident | $135,001 – $190,000 | 37% |
| Foreign resident | Over $190,000 | 45% |
| Working holiday maker | $0 – $45,000 | 15% |
| Working holiday maker | $45,001 – $135,000 | 30% |
| Working holiday maker | $135,001 – $190,000 | 37% |
| Working holiday maker | Over $190,000 | 45% |
Study loan repayments 2026–27
| Repayment income | Compulsory repayment |
|---|---|
| Up to $69,528 | Nil |
| $69,529 – $129,717 | 15c for each $1 over $69,528 |
| $129,718 – $186,050 | $9,028 + 17c for each $1 over $129,717 |
| Over $186,050 | 10% of repayment income |
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