Labor’s $1,000 instant tax deduction.
The proposed $1,000 instant tax deduction applies from 2026–27.
It is not yet law and does not apply to the 2024–25 income year.
For more information, see instant tax deduction.
$1,000 instant tax deduction.
On 13 April 2025, as part of Labor’s election commitments, they proposed a $1,000 instant tax deduction for work-related expenses.
This change applies from 2026–27.
It is not yet law and does not apply to Tax Time 2025.