If you have completed your tax return and received your refund, you may have been like us wondering if you already received the tax cut that the federal government announced a few weeks ago. The short answer is yes, your refund already includes the change in tax rate.
The amount that you receive will depend on your taxable income - if your taxable income is $125,000 or more, you should see $1,080 in your notice of assessment. The tax cut shows up as a credit under the "Low and middle income tax offset" (in yellow below). You will notice that this line was not in your tax return last year.