Go June
How much tax back is a deduction worth?
A $1,000 deduction doesn’t mean $1,000 back. It lowers the income you’re taxed on, so what you get back depends on your tax rate. Enter an amount to see the range.
Deduction amount
| Taxable income | Tax rate | Tax back |
|---|---|---|
| $0 – $18,200 | 0% | $0 |
| $18,201 – $45,000 | 18% | $180 |
| $45,001 – $135,000 | 32% | $320 |
| $135,001 – $190,000 | 39% | $390 |
| $190,001 and over | 47% | $470 |
Rates include the 2% Medicare levy and use FY25-26 resident tax rates. Estimates only: your actual result depends on your income, offsets and tax already withheld. Work items costing more than $300 generally can't be claimed in full in one year; you claim their decline in value over time. Go June Pty Ltd is not a registered tax agent, so speak with a registered tax agent before you claim.