Tax Brackets 2024 Australia Over 65. That means your income is taxed in brackets and not at the marginal tax rate. Retaining the 37 per cent rate but increasing the threshold for it.


Tax Brackets 2024 Australia Over 65

2024 standard deduction over 65 the additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse). That means your income is taxed in brackets and not at the marginal tax rate.

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