#Year-end Tax
Related posts · 14 posts
Korea's Housing Subscription Deduction - a 1.2m Won Deduction Hands You 198,000 Won
40% of up to 3 million won a year comes off your income, not your tax, so only your rate returns. And closing within five years repays 2.27 times what the 6% band ever saved.
Deductions Korea's Tax Feed Leaves Out - and Why
It was the Decree, not the tax office, that removed glasses and hearing aids. One proviso explains it.
Korean Housing Fund Deduction Calculator - One Shared Cap
Rent loan and savings share 4m won, and both sit inside the mortgage interest cap.
Korean Medical Expense Tax Credit Calculator - The 3% Floor
The 7m won cap sits on paragraph 1 only. Whose return a parent's bills go on is decided right there.
Korean Year-End Tax Settlement Calculator - Refund or Bill
The rates do not apply to gross pay. Two subtractions come first. And the child credit now starts at 13.
Korea's Monthly Rent Tax Credit Calculator - Four Thresholds, and Rent Counted by Days
In February 2026 the way the rent itself is counted changed - days rented, not months paid.
Korea's Pension Savings and IRP Tax Credit Calculator - Two Caps, and You Need Tax to Owe
The same 9m won lands differently by where it went, and short of tax the rest simply disappears.
Korean Card Deduction Calculator (2026) — Start With How Far to the Threshold
The card deduction closes on 31 December, so checking it in January changes nothing. This calculator answers one question instead: have you cleared the threshold, and if not, how much is left?
Korea's Medical and Education Tax Credits — What That Parenthesis Releases, and What It Doesn't
The medical credit is not one rate but three, fertility treatment is 30%, and the two age tests are measured from opposite ends of the year.
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.
Korea's Monthly Rent Tax Credit — Registration Is the Gateway
We opened Article 95-2 of the Restriction of Special Taxation Act. The 17% band carries a separate ₩45M aggregate-income test, and a clause inserted on 23 December 2025 lets a spouse claim as well — though the ₩10M cap is measured across both.
Get up to ₩1.48M Back Just for Saving: Pension Savings & IRP (2026)
The common line that an IRP needs “six months of treatment plus 12.5% of wages” does not match the text. The 12.5% test belongs to DC plans; the general IRP article carries no such threshold. Articles 2, 14 and 18 of the Decree, side by side.
Korea Dependent Deduction Explained — Income & Age Rules (2026)
1.5M won each. The 1M-won income and age rules, plus avoiding sibling double-claims — with cases.
Korea's Year-End Tax Settlement: the Credit-Card Rule Is Half Wrong
We ran the National Tax Service's own formula. Filling the 25% threshold with a credit card is worth exactly zero in tax.