Misplaced Pages

Income tax threshold

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from Tax-free threshold) Income level at which a person begins paying income taxes
Part of a series on
Taxation
An aspect of fiscal policy
Policies
Economics
General Theory
Distribution of Tax
Collection
Noncompliance
General
Corporate
Locations
Major examples
Types
International
Trade
Research
Academic
Advocacy groups
Religious
By country
All Countries
Individual Countries

The income tax threshold is the income level at which a person begins paying income taxes. The income tax threshold equates to the:

  • Personal allowance in the UK, which is £12,500 for 2019/20.
  • Basic allowance in Germany, which is €9,408 in 2020.
  • Income tax threshold in France, which was €6,088 in 2012.
  • The standard deduction in the US, which was $12,000 in 2018 for a single person.
  • Basic personal amount in Canada, which was C$11,809 in 2018.
  • Tax-free threshold in Australia, which was A$18,200 in 2023–24.
  • Tax-free threshold in Greece, which was €9,545 in 2016.
  • Tax-free threshold in Poland was 30,000 PLN in 2022.

See also

References

  1. "Poverty and Income Tax Entry Threshold". www.taxpolicycenter.org. Archived from the original on 2011-09-26.
  2. Information about Personal Allowance on gov.uk
  3. Information on Basic Tax Allowance on make-it-in-germany.com
  4. Agency, Government of Canada, Canada Revenue (23 January 2004). "2018 indexation adjustment for personal income tax and benefit amounts". www.cra-arc.gc.ca.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. What is the tax-free threshold? Archived 2012-07-01 at the Wayback Machine
  6. "Individual income tax rates". ato.gov.au. Archived from the original on 2011-06-29. Retrieved 2012-04-20.
  7. "Tax-free threshold could be scrapped".
  8. "Kwota wolna od podatku PIT 2022 | e-pity".
Tax resistance
Topics
Methods
Organizations
Media
Campaigns
by century
14th
15th
16th
17th
18th
19th
20th
21st
Related topics
Category: