The Albanese government in Australia has introduced draft legislation proposing a new work-related tax deduction of up to A$1,000 for approximately 6.2 million taxpayers starting in the 2026-27 financial year. This deduction allows workers to claim expenses without needing receipts, simplifying the process for many, particularly those with less experience in filing tax returns. However, those who typically claim more than A$1,000 in work-related expenses may find it more beneficial to continue keeping receipts. The government estimates that this change could lead to an average tax saving of A$205 for eligible workers. Notably, individuals earning under A$18,200 will not benefit from this deduction, while higher-income earners could see savings of up to A$450. Additionally, changes to depreciation rules for work assets, effective from the same financial year, will affect how taxpayers can claim deductions on work-related items. Public consultation on this legislation closes on May 1.