The Savings Tip Jar

$1000 to $1200 tax offset election promises explained with H&R Block's Mark Chapman


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On this week's episode we were joined by Mark Chapman, the director of tax communications at H&R Block, to discuss what each political parties are doing for tax in the lead up to this year's election. It's just over a week away, early votes and postal votes are being cast. Each side has automatic tax offsets promised, as well as a few other core policies of WHAT'S IN IT FOR ME... GIMME THE MONEY. Mark joined us to discuss all that and give us his 2 cents from an accountant's perspective.

00:00 - Intro

00:53 - Mark's Savings Tip, keep receipts

02:33 - The rundown of each side's tax offset policies

05:36 - Actual cost vs instant deduction methods

09:32 - Who is better off under each policy

11:33 - Mortgage interest tax deduction

15:40 - Indexing tax brackets to inflation?

17:18 - Outro

...more
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The Savings Tip JarBy Savings.com.au