#Taxes
Related posts · 9 posts
Extending a Korean Tax Payment Deadline — Up to 9 Months, Apply 3 Days Before, No Late-Payment Penalty Meanwhile
Korea's National Tax Collection Act lets the tax office extend a payment deadline, or allow instalments, on grounds such as disaster, business loss or 6 months or more of medical treatment. The period is within 9 months and the application is due 3 days before the deadline; apply 10 days before and hear nothing in 10 days, and it is deemed approved.
Korea's EITC Half-Year Claim — the Months-Worked Divisor Moves More Than the 35%
Annualising first-half income multiplies it by seven at one month worked and by two at six. Fewer months means a larger deemed income - unless you left mid-year, when it is fixed at six months.
Amended Returns — Reclaiming Missed Deductions Within Five Years
We opened Framework Act on National Taxes art.45-2 — and found two three-month clocks running alongside the five years.
US Home Sale Costs and Capital Gains — The Two-Year Rule Has Three Parts
Owning two years, living there two years, and no exclusion claimed in the prior two years. All three apply.
Korea Car Purchase Tax — Acquisition Tax Applies to the Pre-VAT Price
A ₩20M car carries ₩4.92M of tax. Apply 7% to the gross and you overstate it by ₩149,100.
Korean Property Tax — Between ₩600M and ₩900M It's a Ramp, Not a Step
That band has its own formula. And a single 85㎡ line decides ₩2 million.
US Capital Gains Tax Calculator: The One-Year Line
Hold over a year: 0/15/20%. Under a year: up to 37%. A few days can cost thousands.
How US Tax Brackets Actually Work (2026)
‘I'm in the 24% bracket so I pay 24%’ — wrong, and the myth costs people money.
US State Taxes 2026: Is It 7, 8, or 9 ‘No Income Tax’ States?
South Dakota says seven. The trackers say eight. Search says nine. Here's why the count differs — and what SALT does to the math.