Income tax threshold

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 2012-13.[5][6]
• Tax-free threshold in Greece, which was €9,545 in 2016.[7]
• Tax-free threshold in Poland is 3091 PLN in 2018. Above 3091 PLN the tax-free becomes "tax-reduction" and decreases progressively [8]

See also

• Basic income guarantee
• Tax bracket
• Taxable income

References

1. http://www.taxpolicycenter.org/publications/url.cfm?ID=1001555
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. "2018 indexation adjustment for personal income tax and benefit amounts". www.cra-arc.gc.ca.
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. Studio, Kemu. "CALCULLA - PL: Table of tax-free amounts". calculla.com.