Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 4   Standard deduction for work-related expenses

Part 1   Amendment of the Income Tax Assessment Act 1997

Income Tax Assessment Act 1997

1   Section 12-5 (table item headed "work expenses")

Repeal the item, substitute:

work expenses

 

standard deduction for work-related expenses

25-130

see also substantiation