Tax refund 2021: $1080 government handout starts hitting bank accounts of TEN MILLION Australians

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Taxpayers have begun to benefit from the $1080 government handout set to be given to more than 10 MILLON Australians this year.

Australian residents who earn under $126,000 annually are eligible to receive the Low and Middle Income Tax Offset (LMITO), which was passed by Parliament in June.

Watch the video above for tips on how to get the most out of your tax refund

Eligible Aussies who filed their 2020-21 tax return in the first week of July are now starting to see the returns of what Treasurer Josh Frydenberg labelled “tax cuts for low and middle-income earners”.

The Government estimates that more than 10 million Australians fall into the bracket of low and middle-income earners and is worth up to $1080 for individuals and $2160 for dual income couples.

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