2019 Tax Table

Individual Australian Residents tax rates for the 2018/2019 year.

Taxable Income Tax on lower amount %
$0 – $18,200 Nil 0%
$18,201 – $37,000 $0 19%
$37,001 – $90,000 $3,572 32.5%
$90,001 – $180,000 $20,797 37%
$180,000 + $54,232 45%

These rates do not include Medicare Levy of 2%.

General Medicare Levy

The medicare levy low income thresholds have increased for the 2018/2019 year to:

  2017/2018 Year 2018/2019 Year
Single $21,980 $22,398
Family $37,089 $37,794
Single Senior Australians $34,758 $35,410
Family Senior Australians $48,385 $49,304

For each dependant child or student the family income thresholds increase by a further $3471.00 per child.

SAPTO – Senior Australian & Pensioners Tax Offset

The amounts for the 2018/2019 year are:

Single Senior Australians can receive $32,279 whilst each member of a couple can receive $28,974 without paying tax. The threshold is slightly higher for those couples living apart due to illness.

0

Like This