1 July 2025 to 30 June 2026

Your 2026
tax return.

The 2025-26 income year brings updated rates, a new HELP repayment method, and another round of changes that affect what you owe and what you can claim. Getting your return right means getting every dollar back that you are entitled to, and understanding your position going into next year.

Lodgment opens 1 July 2026. The standard deadline is 31 October 2026. Under our tax agent supervision programme, most clients receive an extended lodgment deadline well into 2027.

Click here for 2026 pricing
Tax-free threshold $18,200 No tax payable on income below this figure. You may still need to lodge a return depending on your circumstances.
HELP repayment threshold $67,000 New for 2025-26: repayments are now calculated only on income above the threshold, not your total income.
Standard lodgment deadline 31 Oct 2026 Clients lodging via a tax agent supervision programme receive an extended deadline. Contact us before 31 October to be included.
Medicare Levy 2% Applies to most taxpayers on top of income tax. Reduction applies at lower income levels. Surcharge may apply if no private health cover.
2025-26 Tax Year

What applies to your return.

Individual income tax rates

Taxable income Rate
$0 to $18,200 Nil
$18,201 to $45,000 16%
$45,001 to $135,000 30%
$135,001 to $190,000 37%
$190,001 and above 45%

Rates above are for Australian residents and exclude the 2% Medicare Levy. Low Income Tax Offset (LITO) of up to $700 may apply for taxable income below $66,667. Marginal rates only — your average tax rate will be lower than the rate shown for your top bracket.

Note: From 1 July 2026 (the 2026-27 income year), the 16% rate reduces to 15%.

What to have ready

Income

  • Income statement from your employer (via myGov)
  • Centrelink or government payments
  • Bank interest received
  • Dividends and trust distributions
  • Rental income
  • Foreign income

Work-related expenses

  • Working from home (records or fixed rate method)
  • Tools, equipment and technology
  • Uniforms, protective clothing and laundry
  • Vehicle and travel (log book or cents per km)
  • Self-education related to current employment

Investments

  • Share or ETF sales (buy and sell dates, prices)
  • Crypto transactions (all disposals are CGT events)
  • Managed fund statements
  • Rental property income and expense records

Other

  • Private health insurance statement
  • Donations to registered charities (DGRs)
  • HECS/HELP debt (repayment threshold $67,000 for 2025-26)
  • Income protection insurance premiums

Ready to get your 2026 return sorted?

See our pricing, what is included in every return, and how to get started. Fees are confirmed before we begin.

Click here for 2026 pricing →