Income tax threshold explained

The income tax threshold is the income level at which a person begins paying income taxes.^[1] The income tax threshold equates to the:

• Personal allowance in the UK, which is £12,500 for 2019/20.^[2]
• Basic allowance in Germany, which is €9,408 in 2020.^[3]
• 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.^[4]
• Tax-free threshold in Australia, which was A$18,200 in 2023–24.^{[5] [6]}
• Tax-free threshold in Greece, which was €9,545 in 2016.^[7]
• Tax-free threshold in Poland is 30000 PLN in 2022. ^[8]

See also

• Basic income guarantee
• Tax bracket
• Taxable income
• Tax exemption

Notes and References

1. Web site: Poverty and Income Tax Entry Threshold . www.taxpolicycenter.org . dead . https://web.archive.org/web/20110926163111/http://www.taxpolicycenter.org/publications/url.cfm?ID=1001555 . 2011-09-26.
2. https://www.gov.uk/government/publications/income-tax-personal-allowance-and-basic-rate-limit-from-2019-to-2020/income-tax-personal-allowance-and-basic-rate-limit-from-2019-20 Information about Personal Allowance on gov.uk
3. https://www.make-it-in-germany.com/en/jobs/taxes/income Information on Basic Tax Allowance on make-it-in-germany.com
4. Web site: 2018 indexation adjustment for personal income tax and benefit amounts. Government of Canada, Canada Revenue. Agency. www.cra-arc.gc.ca. 23 January 2004.
5. http://www.ato.gov.au/youth/content.aspx?doc=/content/39122.htm What is the tax-free threshold?
6. Web site: Individual income tax rates. ato.gov.au. 2012-04-20. https://web.archive.org/web/20110629180649/http://www.ato.gov.au/content/12333.htm. 2011-06-29. dead.
7. Web site: Tax-free threshold could be scrapped.
8. Web site: Kwota wolna od podatku PIT 2022 | e-pity .