What Are The Tax Brackets For 2024 Nz Income. The new tax thresholds will be $15,600 (up from $14,000 for the 10.5% rate), $53,500 (up from $48,000 for 17.5%) and $78,100 (up from $70,000 for 30%). Workers will get their first tax cuts in 14 years after the budget 2024 delivers the government’s promised income tax cuts.
Increasing the personal income tax thresholds for the bottom three income tax rates; Effective april 1, 2024, the new tax brackets are as follows:
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