A Guide to the Federal Budget 2025-26

The Government’s big moment in the 2025-26 Federal Budget was the personal income tax cuts. Income tax cuts are a dazzling headline but in reality they deliver a tax saving of up to $268 in the 2026-27 year, with a tax saving of up to $536 from the 2027-28 year.

At the same time, the Australian Taxation Office has been allocated almost $1bn in funding to extend and enhance its compliance programs.

Here’s everything you need to know about the Federal Budget - and what the key takeaways really are:

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FBT 2025: What you need to know

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