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NZ Independent Earner Tax Credit Calculator

Estimate New Zealand Independent Earner Tax Credit eligibility and amount using the current $24,000 to $70,000 income range.

Contexte de la Regle Regionale

JuridictionNew Zealand
DeviseNZ$ (NZD)
En vigueur depuis31 juil. 2024
Version1.0
Derniere verification18 avr. 2026
Prochaine verification1 juil. 2026
Source: Inland Revenue (IRD) Independent Earner Tax CreditVoir

New Zealand Taux et Regles

From July 2024, IETC provides up to $520 per year for eligible income from $24,000 to $66,000, then abates at 13 cents per dollar until $70,000.

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Avis : Avis : Ce calculateur utilise les regles publiques en vigueur a la date indiquee. Les resultats sont a titre informatif uniquement. Verifiez aupres des sources officielles. Derniere verification: 18 avr. 2026.

Formule

IETC=max(0,5200.13(Income66000))\text{IETC} = \max(0, 520 - 0.13(\text{Income} - 66000))

From July 2024, eligible earners receive up to $520 per year from $24,000 to $66,000 of income. The credit reduces by 13 cents per dollar from $66,001 to $70,000 and is zero above $70,000.

Questions Frequentes

How much is the Independent Earner Tax Credit?

The maximum IETC is $520 per year, equal to $10 per week, for eligible people in the full-credit income range.

What is the IETC income range?

From July 2024, eligible income is $24,000 to $70,000. The full credit applies up to $66,000, then abates to zero by $70,000.

Who cannot get IETC?

You generally cannot get IETC if you or your partner receive Working for Families, an income-tested benefit, NZ Super, Veteran’s Pension, or an overseas equivalent.

What tax code gives IETC during the year?

Eligible salary or wage earners can usually use tax code ME, or ME SL if they also have a student loan.

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