IETC calculator 2026–27
The independent earner tax credit is worth $520 a year ($10 a week) if your income is between $24,000 and $66,000, and less up to $70,000. Check how much you get.
IETC by income
| Annual income | IETC a year | A week |
|---|---|---|
| $23,999 | $0.00 | $0.00 |
| $24,000 | $520.00 | $10.00 |
| $40,000 | $520.00 | $10.00 |
| $55,000 | $520.00 | $10.00 |
| $66,000 | $520.00 | $10.00 |
| $67,000 | $390.00 | $7.50 |
| $68,000 | $260.00 | $5.00 |
| $69,000 | $130.00 | $2.50 |
| $69,999 | $0.13 | $0.00 |
| $70,000 | $0.00 | $0.00 |
Who can get it
- New Zealand tax residents with income from $24,000 to $69,999 for the tax year.
- Not if you or your partner get Working for Families, an income-tested benefit, NZ Superannuation or a Veteran's Pension. This is assessed month by month.
How to claim
Ask your employer to use tax code ME (or ME SL with a student loan) and you get $10 a week less PAYE. Otherwise Inland Revenue works it out at the end of the tax year and refunds it. Use ME only if you expect your income for the whole year to stay under $70,000; if you go over, the credit you received has to be paid back.
The abatement
Between $66,000 and $70,000 the credit falls by 13c for every extra dollar. On top of the 30% tax rate and the 1.75% ACC levy, that makes your marginal rate 44.8% in this band before KiwiSaver.
FAQ
How much is the IETC?
Up to $520 a year, $10 a week through tax code ME.
What income counts for the IETC?
Your total taxable income for the tax year, which must be from $24,000 to under $70,000.
Can I get the IETC on a second job?
Only through your main income code (ME). Secondary codes don't include it; if you qualify, it is squared up at the end of the year.