Federal Budget & Henry Review

shuangchao

A small number of the previously ignored Henry Review recommendations have been included in the Budget announcements, including:
•        A 50% discount on interest earned by individuals up to $1,000 (the Henry Review had recommended 40%), and
•        The introduction of a standard deduction for work related expenses of $500 (in 2012-13) increasing to $1,000 (in 2013-14).

$500 deduction will not be much help, as most tax payers claim more then $500 in terms of work related deductions

蓝马

$500 deduction.   这个保税的时候难道自动就有吗？