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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.