Independent earner tax credit (IETC)
From 1 April 2009 if your annual income is between $24,000 and $44,000 inclusive you’ll receive a tax credit of $520 - or $10 per week. If you’re eligible, but earn over $44,000, your annual entitlement to the IETC decreases by 13 cents for every additional dollar earned. Entitlement to IETC is determined monthly so if you don’t meet the criteria for any part of a month, then you won’t qualify to receive the IETC for that entire month.
Do it now
- Work out an estimate of your entitlement to the independent earner tax credit
- How you can receive the independent earner tax credit
Learn about
- Who can get the independent earner tax credit?
- Types of income that may affect your independent earner tax credit entitlement
- Changes in your circumstances affect your entitlement to the independent earner tax credit
See also
- Contact details for more information about the independent earner tax credit
- Glossary of income tax terms
How it works
- Salary or wage earners - claiming the independent earner tax credit
- Self-employed - claiming the independent earner tax credit
- Claiming the independent earner tax credit if you earn other income
- Changing jobs and the independent earner tax credit
- If you have more than one job when you're getting the independent earner tax credit
- Receiving the independent earner tax credit when you come off a benefit and start work
- Why you may have a tax bill when you get the independent earner tax credit
- This information is provided by Inland Revenue
http://www.ird.govt.nz/income-tax-individual/tax-credits/ietc/
