These are not payments that will be paid into your bank account, but will instead filter through as savings at tax time. Federal budget 2026: Stay up to date with the budget aftermath in our live blog.And how much those measures could save you depends on your individual circumstances. We have put together a calculator to help you work out how much income tax you could save thanks to the following measures:But keep in mind that you will not start seeing those savings until you file your tax return next year. And it is worth remembering the $250 WATO boost does not come into effect until 2028.It's also worth noting there are wider changes to the tax system in the budget too — especially for capital gains tax, negative gearing and trusts Those changes are not included in this calculator, which instead focuses on income tax.When creating this calculator, we excluded the income tax savings introduced last financial year (2024-25) and changes to the Medicare levy, which changes depending on your age, family status, and how many children you have. Here is what we did include in the calculator: