The 2022 Federal Budget was handed down last night. In this special edition we have summarised some of the main measures that may impact you, including:
20% additional deduction for skills training and digital adoption
The extension of various apprentice wages subsidies
An increased income tax offset of up to $1500 for low and middle income earners
$250 cost of living payment for various welfare recipients
Further relief for first home buyers
50% reduction in fuel exciseAs always, please contact us for clarification or further advice regarding any of the topics covered in this newsletter.
(4 pages from the 2022 Budget Wrap attached as images below)Happy reading…