Tax Facts – Tax Credits

Individuals can claim a donation tax credit at 33.33 cents in every dollar donated to a registered charity. In addition you can also claim a tax credit for childcare and housekeeping services. 

Tax credits can only be claimed by individuals. Companies, trust and partnerships are unable to claim a donation tax credit

The individual claiming the tax credit must have earned a taxable income during the period being claimed for and the income earned is higher than the amount of donations made

In addition, the individual must have been in New Zealand at any time during the tax year (including non-residents)

You may qualify for a tax credit for:

  • If you make a donation of $5 or more to an approved charity – Claimed up to the lesser of 33.33% of the total donation or 33.33% of your taxable income
  • If you pay for childcare or a housekeeper (however certain criteria must be met). The maximum that can be claimed for childcare and a housekeeper together in an income year is $310.00

If total donations made is more than your taxable income, you can split your donations with your spouse or partner. 

You can claim up to your amount of taxable income and your spouse or partner would claim the rest, up to their amount of taxable income.

Please speak with our Tax team for more information on these.

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