The Budget 2026 – Standard $1,000 deduction for work-related expenses from 2026–2027
The Budget confirmed that the proposed $1,000 standard deduction for work-related expenses will apply from the 2026–2027 income year, subject to enacting legislation. The measure, originally announced on 13 April 2025 as part of Labor’s 2025 election policy, will provide eligible taxpayers with a simpler way to claim a standard deduction of up to $1,000 without needing to incur or substantiate work-related expenses covered by the standard deduction.