Bracket & Offsethttp://localhost:4173/Australian personal tax explained with worked examples: 2025–26 and 2026–27 rates, Medicare levy, LITO, HELP repayments, super caps, CGT, negative gearing and deadlines.en-AU Fixing a tax return: amendments, objections, tribunal review and complaintshttp://localhost:4173/pitfalls-and-sources/amending-a-return-objections-and-complaints/http://localhost:4173/pitfalls-and-sources/amending-a-return-objections-and-complaints/Tue, 27 Oct 2026 00:00:00 GMTHow to amend an individual tax return, the two- and four-year review periods, objecting to an ATO decision, review by the Administrative Review Tribunal and where to complain. The 50% CGT discount: who gets it, the 12-month rule and how gains are taxedhttp://localhost:4173/tax-rates-thresholds/capital-gains-tax-discount-rules/http://localhost:4173/tax-rates-thresholds/capital-gains-tax-discount-rules/Tue, 27 Oct 2026 00:00:00 GMTHow capital gains tax works for Australian individuals: the 50% discount after 12 months, cost base, losses applied first, exemptions and the rules for foreign residents. Carry-forward concessional contributions: a worked 2026–27 examplehttp://localhost:4173/worked-examples/carry-forward-concessional-contributions-example/http://localhost:4173/worked-examples/carry-forward-concessional-contributions-example/Tue, 27 Oct 2026 00:00:00 GMTHow unused concessional cap amounts carry forward for five years, who qualifies with a balance under $500,000, and a worked example using them against a capital gain. Division 293 tax explained, and where the new high-balance super tax fitshttp://localhost:4173/tax-rates-thresholds/division-293-and-high-balance-super-tax/http://localhost:4173/tax-rates-thresholds/division-293-and-high-balance-super-tax/Tue, 27 Oct 2026 00:00:00 GMTHow the extra 15% Division 293 tax on super contributions works above $250,000 of income, a worked example, how to pay it, and the status of the separate Division 296 tax. Exceeded your super contribution cap? What happens and how to respondhttp://localhost:4173/pitfalls-and-sources/exceeding-super-contribution-caps/http://localhost:4173/pitfalls-and-sources/exceeding-super-contribution-caps/Tue, 27 Oct 2026 00:00:00 GMTWhat the ATO does when concessional or non-concessional contributions exceed the cap, release options, the 47% excess tax, worked examples and the causes of most excess contributions. HELP repayment thresholds 2026–27 and the 2025 marginal repayment reformhttp://localhost:4173/tax-rates-thresholds/help-repayment-thresholds-2026/http://localhost:4173/tax-rates-thresholds/help-repayment-thresholds-2026/Tue, 27 Oct 2026 00:00:00 GMTHow compulsory HELP and other study loan repayments work since the 2025 reform: the $69,528 threshold for 2026–27, marginal bands, repayment income, indexation and the 20% debt cut. Should you make voluntary HELP repayments? A worked comparisonhttp://localhost:4173/worked-examples/help-voluntary-repayment-decision/http://localhost:4173/worked-examples/help-voluntary-repayment-decision/Tue, 27 Oct 2026 00:00:00 GMTCompare voluntary HELP repayments with saving, an offset account or super, using after-tax returns, indexation timing around 1 June and the effect on borrowing and cash flow. How to calculate your Australian income tax step by step (with a worked example)http://localhost:4173/worked-examples/how-to-calculate-your-income-tax/http://localhost:4173/worked-examples/how-to-calculate-your-income-tax/Tue, 27 Oct 2026 00:00:00 GMTGo from gross income to taxable income, tax, offsets, Medicare levy and HELP repayment, then compare with PAYG withheld to see whether you get a refund or owe tax. Australian income tax rates for 2025–26 and 2026–27 explainedhttp://localhost:4173/tax-rates-thresholds/income-tax-rates-2026-27/http://localhost:4173/tax-rates-thresholds/income-tax-rates-2026-27/Tue, 27 Oct 2026 00:00:00 GMTResident tax brackets for 2025–26 and 2026–27, the cut from 16% to 15% and then 14%, how marginal rates work and what sits on top of the brackets. Late tax return penalties for individuals: failure to lodge, GIC and what to dohttp://localhost:4173/pitfalls-and-sources/late-lodgment-penalties-for-individuals/http://localhost:4173/pitfalls-and-sources/late-lodgment-penalties-for-individuals/Tue, 27 Oct 2026 00:00:00 GMTHow the ATO's failure-to-lodge penalty is calculated for individuals, the penalty unit value, interest on late payments, remission requests and payment plans, with examples. Low income tax offset (LITO): how much you get and how it phases outhttp://localhost:4173/tax-rates-thresholds/low-income-tax-offset-lito/http://localhost:4173/tax-rates-thresholds/low-income-tax-offset-lito/Tue, 27 Oct 2026 00:00:00 GMTHow the low income tax offset of up to $700 is calculated, the phase-out between $37,500 and $66,667, why it is non-refundable and how it lifts the effective tax-free threshold. Medicare levy and Medicare levy surcharge: how each is calculatedhttp://localhost:4173/tax-rates-thresholds/medicare-levy-and-surcharge/http://localhost:4173/tax-rates-thresholds/medicare-levy-and-surcharge/Tue, 27 Oct 2026 00:00:00 GMTThe 2% Medicare levy, the low-income reduction, exemptions, and how the separate Medicare levy surcharge of 1% to 1.5% works for higher earners without hospital cover. Negative gearing explained with a worked example: the real after-tax costhttp://localhost:4173/worked-examples/negative-gearing-worked-example/http://localhost:4173/worked-examples/negative-gearing-worked-example/Tue, 27 Oct 2026 00:00:00 GMTHow a rental loss reduces tax on your other income, a full 2026–27 worked example with cash and non-cash deductions, and the rules on depreciation, travel and interest. Is salary sacrifice into super worth it? Worked examples at four incomeshttp://localhost:4173/worked-examples/salary-sacrifice-super-worked-example/http://localhost:4173/worked-examples/salary-sacrifice-super-worked-example/Tue, 27 Oct 2026 00:00:00 GMTWorked 2026–27 examples showing the tax saved, the fall in take-home pay and the net gain from salary sacrificing into super at $44,000, $60,000, $85,000 and $150,000. Selling shares or ETFs: a worked capital gains tax example for your returnhttp://localhost:4173/worked-examples/selling-shares-capital-gain-example/http://localhost:4173/worked-examples/selling-shares-capital-gain-example/Tue, 27 Oct 2026 00:00:00 GMTA step-by-step 2025–26 example with three share sales, a prior-year loss, the 50% discount and the order that minimises tax, plus parcel, DRP and ETF cost base tips. Super contribution caps for 2026–27: concessional, non-concessional and bring-forwardhttp://localhost:4173/tax-rates-thresholds/super-contribution-caps-2026-27/http://localhost:4173/tax-rates-thresholds/super-contribution-caps-2026-27/Tue, 27 Oct 2026 00:00:00 GMTThe concessional cap rises to $32,500 and the non-concessional cap to $130,000 from 1 July 2026. How each cap works, bring-forward thresholds and what counts toward them. Tax return deadline: 31 October, tax agent lodgment program and payment dateshttp://localhost:4173/pitfalls-and-sources/tax-return-deadline-31-october-and-agent-lodgment/http://localhost:4173/pitfalls-and-sources/tax-return-deadline-31-october-and-agent-lodgment/Tue, 27 Oct 2026 00:00:00 GMTWhen your individual tax return is due if you self-lodge, how the tax agent lodgment program extends it, when the tax bill must be paid, and what to do if you miss the date. Tax return checklist: documents to gather before you lodge in Australiahttp://localhost:4173/worked-examples/tax-return-documents-checklist/http://localhost:4173/worked-examples/tax-return-documents-checklist/Tue, 27 Oct 2026 00:00:00 GMTA practical list of the documents, statements and records an individual needs for a tax return, grouped by income type, deductions, super and health cover, with tips on pre-fill. Common tax return mistakes in Australia and the official sources to checkhttp://localhost:4173/pitfalls-and-sources/tax-return-mistakes-and-official-sources/http://localhost:4173/pitfalls-and-sources/tax-return-mistakes-and-official-sources/Tue, 27 Oct 2026 00:00:00 GMTThe individual tax return errors that most often trigger ATO adjustments, what happens if you get it wrong, how to avoid scams, and a directory of official sources. Working from home deductions: 70c fixed rate vs actual cost, worked outhttp://localhost:4173/worked-examples/work-from-home-fixed-rate-vs-actual-cost/http://localhost:4173/worked-examples/work-from-home-fixed-rate-vs-actual-cost/Tue, 27 Oct 2026 00:00:00 GMTCompare the ATO's 70 cents per hour fixed rate with the actual cost method using a worked example, the records each needs and what can still be claimed separately. Work-related deduction mistakes the ATO looks for (and how to claim correctly)http://localhost:4173/pitfalls-and-sources/work-related-deduction-mistakes/http://localhost:4173/pitfalls-and-sources/work-related-deduction-mistakes/Tue, 27 Oct 2026 00:00:00 GMTThe ATO's three golden rules, the claims most often reduced — car, clothing, phone, self-education, travel and working from home — and how to fix a claim you got wrong.