Australian families are expected to see a boost of over $60 per week when the government's tax cuts take effect from July, as per recent analysis from Treasury. The upcoming federal budget's measures to address the cost of living will kick in on 1 July, including tax cuts and energy relief for all households and 1 million small businesses. Treasurer Jim Chalmers highlighted that "mums and dads" will be among the major beneficiaries of these changes.