rent deduction

[2026-01-24]Key Points and Common Mistakes in Korea’s Year-End Tax Deductions

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The National Tax Service has highlighted common mistakes in year-end tax deductions for employees.
Key updates include dependent income limits, requirements for rent, housing loans, and medical expense deductions.
Over-claimed deductions may result in additional taxes and penalties, so careful review is essential.

[2026-01-21]2024 Year-End Tax Settlement: Income Tax Reduction and Deductions for Young and Career-Interrupted Workers

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Young employees at SMEs receive a 90% income tax reduction for five years after employment, and career-interrupted men are now also eligible.
Various deductible items include spouse parental leave pay, university student work scholarships, monthly rent, and housing loan repayments.
The National Tax Service advises that thoroughly checking deduction and reduction items during year-end settlement can reduce the need for additional filings.