Tax credits (formerly known as rebates)

Picture of a young woman at work
Note
From 1 April 2012 the following tax credits have been removed:
  • tax credits for children (formerly child rebate)
  • tax credit for income under $9,880
  • housekeeper tax credit
  • childcare tax credit

The last period you will be able to claim the above tax credits is for the 2012 tax year (1 April 2011 to 31 March 2012).

It's important know about income tax credits and other tax credits you might be able to get.

Income tax credits

Independent earner tax credit (IETC)

From 1 April 2009 people who are eligible and earning between $24,000 and $48,000 will be entitled to a tax credit of up to $10 a week. Find out more information on IETC. (external link)

Give it a go

Work out if you are entitled to any tax credits (external link)

How to claim an income tax credit

If you use the correct tax code the tax credits will be calculated before tax is deducted from your pay. If you haven’t received the tax credits during the year call us on 0800 227 774 and ask for your tax credit to be included in your personal tax summary (PTS). If you're eligible we'll calculate them for you and include the larger amount in your PTS.

Other tax credits

What other tax credits are available?

You may be eligible for a tax credit if you have:

  • donated money to a charitable organisation, or
  • paid school fees

How to claim one of these tax credits

You need to fill out a Tax credit claim form (IR526) (external link) to claim tax credits for donations, childcare and/or a housekeeper. The claim form is not year-specific - you'll need to write which year you're claiming your tax credit for.

How will this affect you?

Check out Real lives to see John's story - he's still at school and needs to claim a tax credit for his part-time job.

Want to know more?

Income tax credits (external link)

Donations, childcare and housekeeper tax credits (external link)

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