The Scott Morrison government managed to pass the four cross bench votes required to make their tax cut package happen.
The government said it was a win for all 'hardworking' Australians but who will get the tax bonus?
Are you eligible for the $1080 bonus?
Around 4.5 million Aussie workers are set to receive the money, while more than 10 million people will receive some sort of tax offset.
Those earning up to $37,000 will receive up to $255.
Anyone earning between $37,000 and $47,999 could get anywhere between $255 up to $1080.
Those earning between $48,000 and $90,000 will be entitled to the full lump $1080 lump sum.
Workers earning between $90,001 and $126,000 could also save up to $1080 when they file their tax return.
The ATO says the tax back will be automatically applied to anyone who's already lodged their tax return.