Australians would get an automatic $1,000 tax deduction on their annual returns without having to produce receipts or paperwork, in an election promise made by Anthony Albanese at Labor’s campaign launch.
The new, permanent tax deduction was announced by the Labor leader just an hour after Peter Dutton promised that a Coalition government would offer up to $1,200 in a one-off tax refund for low- and middle-income earners, as well as allow interest payments on home mortgages to be tax deductible for first home buyers.
