{"id":2749,"date":"2024-01-31T09:50:38","date_gmt":"2024-01-30T23:50:38","guid":{"rendered":"https:\/\/wiselinkaccountants.com.au\/?p=2749"},"modified":"2024-05-14T14:26:01","modified_gmt":"2024-05-14T04:26:01","slug":"individual-income-tax-rates-and-threshold-changes","status":"publish","type":"post","link":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/individual-income-tax-rates-and-threshold-changes\/","title":{"rendered":"Individual income tax rates and threshold changes"},"content":{"rendered":"\n<p>Changes to Individual income tax rates and thresholds from 1 July 2024.<\/p>\n\n\n\n<p>On 25&nbsp;January 2024, the government announced proposed changes to Individual income tax rates and thresholds from 1&nbsp;July 2024. These changes are not yet law.<\/p>\n\n\n\n<p>From 1&nbsp;July 2024, the proposed tax cuts will:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>reduce the 19 per cent tax rate to 16 per cent<\/li>\n\n\n\n<li>reduce the 32.5 per cent tax rate to 30 per cent<\/li>\n\n\n\n<li>increase the threshold above which the 37 per cent tax rate applies from $120,000 to $135,000<\/li>\n\n\n\n<li>increase the threshold above which the 45 per cent tax rate applies from $180,000 to $190,000.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changes to Individual income tax rates and thresholds from 1 July 2024. On 25&nbsp;January 2024, the government announce [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,17,61,18,19,20,1,21],"tags":[66,63,72,70,62,73,64,93,92,65],"class_list":["post-2749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-topics","category-business-solutions","category-english-post","category-business","category-market-research","category-professional-planning","category-uncategorised","category-world-of-business","tag-accountants","tag-ato","tag-bas-agent","tag-small-business","tag-smsf","tag-superannuation","tag-tax","tag-tax-accountant","tag-tax-agent","tag-taxreturn"],"_links":{"self":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/comments?post=2749"}],"version-history":[{"count":1,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2749\/revisions"}],"predecessor-version":[{"id":2751,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/posts\/2749\/revisions\/2751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media\/2970"}],"wp:attachment":[{"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/media?parent=2749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/categories?post=2749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wiselinkaccountants.com.au\/zh-hans\/wp-json\/wp\/v2\/tags?post=2749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}