When July 1 comes around, many Australians get a little excited for a boost in their bank accounts in the form of a tax return.

But this year is a little different for many of us. This year, a crucial tax factor is missing, one that 10 million of us have been enjoying since 2019.

In this episode of The Quicky, we find out who this tax change will impact and other ways in which you might end up having to negotiate a payment plan with the ATO this financial year.

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CREDITS

Host: Claire Murphy

With thanks to:

Mark Chapman - Director of Tax Communications at H&R Block Australia.

Producer: Claire Murphy

Executive Producer: Kally Borg

Audio Producer: Thom Lion

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Why You're Going To Get a Tax Shock in 2023

The Quicky