From michaelwest.com.au: Labor’s proposal for an instant $1000 tax deduction aims to assist nearly six million low and middle-income earners by simplifying the tax process.

While the initiative could save time, accounting experts warn it may lead to taxpayers missing out on larger refunds by not keeping necessary documentation for additional income sources.

This proposal comes amid Labor’s lead in recent polls, indicating a positive sentiment towards their direction leading up to the election.