2020 Tax Tables

Individual Australian Residents Tax Rates

Taxable Income Tax on Taxable Income
$0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000
$180,001 + $54,097 plus 45c for each $1 over $180,000

These rates do not include Medicare Levy of 2%.

 

Medicare Levy Low Income Thresholds 

  2019/2020 Year
Single $22,801
Family $38,474
Single Senior Australian $36,056
Family Senior Australian $50,191

For each dependant child or student the family income thresholds increase by a further $3,471 per child.

 

Low and Middle Income Tax Offset (LAMITO)

Taxable Income Offset
$37,000 or less $255
$37,001 to $48,000 $255 plus 7.5c for every dollar above $37,000 up to a maximum of $1,080
$48,001 to $90,000 $1,080
$90,001 to $126,000 $1,080 minus 3c for every dollar of the amount above $90,000

 

Senior Australians & Pensioners Tax Offset (SAPTO)

The amounts for the 2019/2020 year are as follows:

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.

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