year-end tax settlement

[2026-01-26]2024 Year-End Tax Settlement: Key Deductions and Tax Reliefs You Shouldn’t Miss

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As the year-end tax settlement season begins, the National Tax Service is highlighting tax deductions and reliefs that are often overlooked.
Young workers, seniors over 60, people with disabilities, and career-interrupted employees can receive up to 90% income tax relief and various deductions.
From March 14, 2025, career-interrupted men are also eligible for relief, and it is important to check all possible deductions such as donations and monthly rent.

[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.

[2026-01-16]2024 Year-End Tax Settlement Service Launches with Expanded AI Support

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The National Tax Service launched the year-end tax settlement simplified service on January 15, allowing integrated access to income and tax deduction documents.
This year, 45 types of documents are provided, and both AI phone and generative AI chatbot consultations have been introduced to improve response quality.
Guidance on dependents exceeding income limits has become more precise, and final confirmed data will be available from January 20.