Franking credits, also known as imputation credits, are an essential aspect of the Australian tax system. They play a crucial role in reducing the double taxation of dividends, benefiting shareholders and encouraging investment in Australian companies. If you’re a shareholder, it’s essential to understand how franking credits work and how they can impact your tax liability. In this article, we’ll explore what franking credits are, how they are calculated, and how you can use a Franking Credit Calculator to estimate their value.