12/08/2026
π° Tax Update 2026β27: A New $1,000 Standard Deduction is Here! π¦πΊ
Eligible Australian workers will have a simpler option for claiming work-related expenses with the new $1,000 standard deduction from the 2026β27 income year.
What could this mean for you?
β
Claim the standard deduction without itemising individual work expenses
π§Ύ Less paperwork and record keeping for the standard option
π Compare the $1,000 deduction with your actual work-related expenses
π‘ Choose the approach that better suits your individual tax position
The $1,000 option isnβt automatically the best choice for everyone. If your eligible actual expenses are higher, understanding your numbers before lodging could make a difference.
π Bricks Accountants can help you compare your options and make an informed decision before you lodge your return.
π Get expert tax guidance and prepare smarter for the 2026β27 tax year.
π +61 467 846 161
π§ [email protected]
π www.bricksaccountants.com.au
π3/11 Lydiard Street S, Ballarat Central, Vic-3350