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Federal Budget 2015: Individuals & Families

There were few particularly notable budget impacts for personal taxation; personal tax rates will not change, however changes were announced for work related car expenses, Medicare levy thresholds, and the Zone Tax Offset. For families, a new childcare package was announced and parental income testing for allowances to young people will be amended.  The budget announcement which will have the most significant impact on middle Australia is the child care reform package.

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