Upcoming Tax Threshold Changes

Alright, we've got some tax talk with a twist!

The Government Budget 2024 just dropped some updates that could put a bit more cha-ching in your pocket starting July 31st.

Here’s the scoop:

• They're increasing the personal income tax thresholds across the board.

  
  

Now, you get to keep more of that hard-earned cash.

It’s like finding extra fries at the bottom of the bag – a delightful surprise.

• Plus, they're extending the perks like the independent earner tax credit.

  
  

That means more love for those who hustle on their own.

• And, don’t forget the in-work tax credit and minimum family tax credit thresholds are increasing too.

Basically, the government’s saying, "Hey, we got your back!"

For the nitty-gritty details, we’ve got an entertaining video up there (seriously, it’s worth a watch) or if reading’s more your thing, click here to dive into the changes.

Either way, it’s all about making sure you keep more of what you earn.

Happy budgeting, folks!