Independent earner tax credit calculator
Up to $520 a year if you earn $24,000–$70,000. See what you'd get.
Uses IRD's current IETC rules, checked 8 November 2026. Runs in your browser — nothing you type is sent anywhere. Sources: IRD independent earner tax credit.
How the credit works
| Yearly income | Credit |
|---|---|
| Under $24,000 | None |
| $24,000 – $66,000 | $520 ($10 a week) |
| $66,001 – $70,000 | $520 less 13c per dollar over $66,000 |
| Over $70,000 | None |
Get it through your pay by using the ME tax code. Not sure which code you need? Use the tax code picker.
IETC examples: how much credit at each income
The credit is $520 a year from $24,000 to $66,000 of income, then reduces by 13 cents for every dollar over $66,000 until it reaches nil at $70,000. You must be on the ME tax code to receive it through your pay.
| Yearly income | IETC a year |
|---|---|
| $20,000 | $0 |
| $24,000 | $520 |
| $30,000 | $520 |
| $50,000 | $520 |
| $66,000 | $520 |
| $68,000 | $260 |
| $70,000 | $0 |
Common questions
What is the independent earner tax credit?
A tax credit of up to $520 a year ($10 a week) for New Zealanders earning between $24,000 and $70,000 who don't get Working for Families, NZ Super or a benefit.
How do I get the IETC?
Use the ME tax code (or ME SL) for your main job, and your employer pays it to you through the year. Otherwise you can claim it at the end of the tax year.
Why is my credit less than $520?
The credit drops by 13 cents for each dollar you earn over $66,000, and stops at $70,000. It's also worked out by month, so months on a benefit or Working for Families don't count.