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Income tax threshold


Income tax threshold


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 is 30000 PLN in 2022.

See also

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

References


Text submitted to CC-BY-SA license. Source: Income tax threshold by Wikipedia (Historical)



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