Flat $1,000 Tax Write-Off Could Cost Workers More Than It Saves: CPA

The accounting industry warns that a standardised system could short-change taxpayers despite promise of simplicity.

Australian Prime Minister Anthony Albanese speaks to the media during a visit to Flinders Medical Centre on Day 4 of the 2025 federal election campaign, in Adelaide, Australia on April 1, 2025. AAP Image/Lukas Coch

A day after Prime Minister Anthony Albanese unveiled a $1,000 instant tax deduction for work-related expenses, the accounting community is pushing back.

Billed as a major simplification of the tax process, the measure could provide up to six million Australians with the option to bypass receipts and claim a flat deduction.