Millions expected to benefit from tax cuts in federal budget

MILLIONS of Australians could see more money at tax time, with the federal government expected to bring forward tax cuts in tonight’s federal budget.

Federal Treasurer Josh Frydenberg is set to deliver the first surplus budget in 12 years on Tuesday night which is expected to include a raft of pre-election sweeteners, thanks to strong coal and iron ore exports.

Mr Frydenberg is expected to announce that the government will double the $530 tax break to workers who earn between n $48,000 and $90,000.


It means around 4.4 million Australians on low and middle incomes will get a $1000 boost.

The budget is also expected to include some relief for those earning as little as $37,000 and as much as $126,000.

The budget will be publicly released on Tuesday evening at 7:30pm (AEDT).