May 26, 2026 – 11.13amIt’s being sold as a budget measure and even a tax cut, but the $1000 instant work-related deduction, which is due to start in the 2026-27 financial year, may not be quite as advantageous as it seems.That’s because Australian Taxation Office data from 2022-23 (the most recent available) shows that the average work-related deduction claimed by taxpayers was $2739, while the median was $1338 – both over the $1000 threshold.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
$1000 tax shortcut seems like a no-brainer – but it could cost you
It’s being touted as a budget measure and a tax cut, but the instant deduction isn’t as good as it sounds.
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