Summary of proposal
Party
The Coalition
Portfolio
Treasury
Policy Topic
Taxes
The proposal would provide a Cost of Living Tax Offset of up to $1,200 for eligible Australians in the 2025-26 financial year.
The Cost of Living Tax Offset would be available to Australian residents for tax purposes who are earning an annual taxable income of up to $144,000.The offset would be non-refundable.
The arrangements for the offset amounts will be as follows:
| Taxable income | Cost of Living Tax Offset amount |
| $37,000 or less | Up to $265 |
| $37,001 to $48,000 | $265 plus 8.5 cents for every dollar above $37,000 |
| $48,001 to $104,000 | $1,200 |
| $104,001 to $144,000 | $1,200 minus 3 cents for every dollar above $104,000 |
The proposal would start on 1 July 2025.