Friends With Money #258: Tax time 2026
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Tax time is just around the corner, with a number of changes set to kick in from July 1.
So what do you need to know and how can you prepare?
On this episode of the Friends With Money podcast, Money's Tom Watson is joined by Mark Chapman, director of tax communications at H&R Block, to break down the key updates and the moves to make before and after June 30.
Episode timestamps
00:00 Introduction
01:07 Federal budget tax changes overview
01:36 What's changing with negative gearing?
03:09 Capital gains tax overhaul
04:50 Family trusts and the 30% minimum tax
06:22 $1000 instant deduction
08:24 Working Australians Tax Offset
09:51 Lower income tax rates and super changes
11:42 Who the ATO is targeting this year
14:49 EOFY checklist: practical steps to take now
17:10 Common mistakes when preparing a tax return
18:30 Conclusion
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What is the Friends With Money podcast?
Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.
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You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).
Who hosts Friends With Money?
Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.
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Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.
What topics does the podcast cover?
The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.
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New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.
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Yes, full episodes with closed captions are available on YouTube.
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