tax free threshold 2023 2024

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.