Who can get the independent earner tax credit?
Find out here if you're eligible for the IETC and how much you might be entitled to, depending on your income and circumstances.
| If you ... | then you'll be entitled to the IETC for every month that you ...... |
|---|---|
| have an annual income between $24,000 and $48,000 for the tax year (usually 1 April to 31 March) |
|
Important
IETC entitlement is calculated based on whole months, so if any of the situations above apply to you for part of a month, your IETC entitlement stops for that whole month.
When does the IETC start and stop?
| If you're ... | then you'll ... | and ... |
|---|---|---|
| an employee | start to receive the IETC from the first payday after you give your employer the correct tax code | your employer will continue to include it in each pay until you advise them to change your tax code to a code that isn't ME or ME SL. |
| not an employee | advise us the period of the year you were eligible on your personal tax summary or Individual tax return (IR3) | receive the credit in your end of year assessment. |
See also
Date published: 06 Mar 2009
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