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Australia Tax Rates & Limits 2026

Official rates sourced from Australian Taxation Office, Tax rates for residents 2024-25.

Last updated: 2026-06-27

Current Rates

Parameter	Value
Bracket 1 Rate	0
Bracket 1 Max	18,200
Bracket 2 Rate	19
Bracket 2 Min	18,201
Bracket 2 Max	45,000
Bracket 3 Rate	32.5
Bracket 3 Min	45,001
Bracket 3 Max	120,000
Bracket 4 Rate	37
Bracket 4 Min	120,001
Bracket 4 Max	180,000
Bracket 5 Rate	45
Bracket 5 Min	180,001
Medicare Levy Rate	2
Medicare Levy Surcharge Tier1	1
Medicare Levy Surcharge Tier2	1.25
Medicare Levy Surcharge Tier3	1.5
Lito Max Offset	700

Rules & Limits

Parameter	Value
Tax Free Threshold	18,200
Lito Full Offset Income Max	37,500
Lito Phase Out End Income	66,667
Medicare Levy Low Income Shade In Threshold Single	26,000
Medicare Levy Surcharge Threshold Single	93,000
Medicare Levy Surcharge Threshold Family	186,000
Medicare Levy Surcharge Tier1 Threshold	93,000
Medicare Levy Surcharge Tier2 Threshold	108,000
Medicare Levy Surcharge Tier3 Threshold	144,000
Capital Gains Discount Percent	50
Capital Gains Discount Min Hold Months	12

Notes

›The Stage 3 tax cuts took effect from 1 July 2024. The 19% bracket was extended (was $18,201–$45,000, now same), the 32.5% bracket was extended from $45,001–$120,000 (was to $120k), and the 37% bracket was retained between $120,001 and $180,000.
›The 2% Medicare Levy functions as a health insurance contribution to fund Medicare. High earners without private hospital cover pay an additional 1–1.5% Medicare Levy Surcharge.
›The Low Income Tax Offset (LITO) of up to $700 is automatically applied by the ATO. It reduces to zero at $66,667. The LMITO (Low and Middle Income Tax Offset) expired after 2021-22 and is no longer applicable.
›Employer Superannuation Guarantee contributions (11.5% for 2024-25, rising to 12% from 1 July 2025) are not included in taxable income but are taxed at 15% within the super fund.
›Non-resident individuals pay 32.5% on $0–$120,000, 37% on $120,001–$180,000, and 45% above $180,000. No tax-free threshold applies to non-residents.

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Current Rates

Parameter	Value
Bracket 1 Rate	0
Bracket 1 Max	18,200
Bracket 2 Rate	19
Bracket 2 Min	18,201
Bracket 2 Max	45,000
Bracket 3 Rate	32.5
Bracket 3 Min	45,001
Bracket 3 Max	120,000
Bracket 4 Rate	37
Bracket 4 Min	120,001
Bracket 4 Max	180,000
Bracket 5 Rate	45
Bracket 5 Min	180,001
Medicare Levy Rate	2
Medicare Levy Surcharge Tier1	1
Medicare Levy Surcharge Tier2	1.25
Medicare Levy Surcharge Tier3	1.5
Lito Max Offset	700

Rules & Limits

Parameter	Value
Tax Free Threshold	18,200
Lito Full Offset Income Max	37,500
Lito Phase Out End Income	66,667
Medicare Levy Low Income Shade In Threshold Single	26,000
Medicare Levy Surcharge Threshold Single	93,000
Medicare Levy Surcharge Threshold Family	186,000
Medicare Levy Surcharge Tier1 Threshold	93,000
Medicare Levy Surcharge Tier2 Threshold	108,000
Medicare Levy Surcharge Tier3 Threshold	144,000
Capital Gains Discount Percent	50
Capital Gains Discount Min Hold Months	12

Notes

›The Stage 3 tax cuts took effect from 1 July 2024. The 19% bracket was extended (was $18,201–$45,000, now same), the 32.5% bracket was extended from $45,001–$120,000 (was to $120k), and the 37% bracket was retained between $120,001 and $180,000.

›The 2% Medicare Levy functions as a health insurance contribution to fund Medicare. High earners without private hospital cover pay an additional 1–1.5% Medicare Levy Surcharge.

›The Low Income Tax Offset (LITO) of up to $700 is automatically applied by the ATO. It reduces to zero at $66,667. The LMITO (Low and Middle Income Tax Offset) expired after 2021-22 and is no longer applicable.

›Employer Superannuation Guarantee contributions (11.5% for 2024-25, rising to 12% from 1 July 2025) are not included in taxable income but are taxed at 15% within the super fund.

›Non-resident individuals pay 32.5% on $0–$120,000, 37% on $120,001–$180,000, and 45% above $180,000. No tax-free threshold applies to non-residents.