Tax at a Glance

The Government is delivering on its commitment to tax relief:

• Tax relief in Budget 2024 will let hard-working New Zealanders keep more of what they earn.

• 83 per cent of New Zealanders will benefit from tax relief to help ease the cost of living.

Changes are happening in the following areas:

• Changes to personal income tax (PIT) thresholds

• Extending the independent earner tax credit (IETC)

• Increasing the in-work tax credit (IWTC)

• Introducing FamilyBoost

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