The Government has revealed its final plans for tax cuts, with average-income households getting a cut of $102 per fortnight under the revised brackets. Finance Minister Nicola Willis unveiled the final confirmed changes as part of the Government's Budget 2024 earlier today. ADVERTISEMENTWillis said it meant New Zealanders would get their first tax cuts in 14 years, something she said was “well overdue” and would help hardworking people. Find out if you will receive a tax cut and by how much at this link: https://budget.govt.nz/taxcalculator/index.htmHow much a person receives from the tax changes will be different depending on their income and circumstances. (Source: 1News)She said most of the money used to help give people tax cuts came from "savings" or a reduction in spending on some government activities.

Source: Stuff May 31, 2024 11:55 UTC