Medicare Levy Thresholds Increased 2.9% for 2026
The Medicare levy threshold 2026 increased by 2.9% in the Federal Budget delivered on 12 May 2026, extending relief to approximately 1 million low-income Australians who would otherwise pay the full 2% levy on their income. The change is modest in dollar terms for any single taxpayer, but it reflects a deliberate policy choice to index the relief thresholds to wage growth and keep them meaningful as wages rise.
Read More