Welcome to your AI Tax Assistant! I can help you optimize your tax strategy and calculate potential savings. Add your income and deductions to get started, or ask me any tax-related questions.
The 2024-2025 financial year introduces significant changes to Australia's tax system with the implementation of the stage-three tax cuts. These reforms aim to provide tax relief across all income brackets while simplifying the tax structure.
The superannuation guarantee rate has increased to 11.5%, meaning employers must contribute this percentage of your ordinary time earnings to your superannuation fund.