‘Even though I am qualified’ Missing it because I didn't know Earned Income Tax Credit! 40s fatherThrough the eyes of By furniture type accurate How to applyclass Payment dateI have organized what I can receive. Maximum payout amountHow much is this? Right now Check it out!
What is the Earned Income Tax Credit?
Some people are working, but their income is insufficient to continue working, so the government is providing subsidies to encourage them to work, or to households that are maintaining a business.
Eligibility for the Earned Income Tax Credit
Eligibility
As of June 1st of the previous year (2022), households with a combined total of assets of less than 240 million won are eligible to apply. However, even if the total is less than 240 million won, there will be a difference in the payment amount.
- Less than 170 million won: Payment of applicable earned income tax credit 100%
- 170 million won or more but less than 240 million won: Applicable Earned Income Tax Credit 50% payment
Go to Apply for Earned Income Tax Credit
Amount eligible for the earned income tax credit
The amount payable varies depending on three household types. The first is the standard for single-person households, single-income households, and dual-income households.
| division | Single-family home | single-income households | dual-income households |
| Total income standard amount | Less than 22 million won | Less than 32 million won | Less than 38 million won |
| Maximum payment amount | 1.65 million won | 2.85 million won | 3.3 million won |
Single-family home
This applies when the applicant has no spouse, dependent children, or dependent parents.
single-income households
If the spouse's total annual salary is less than 3 million won, or if there is no spouse but there are children under 18 years of age or direct descendants over 70 years of age, the household is considered a single-income household.
dual-income households
This refers to a household where both spouses earn more than 3 million won per year. This applies if both spouses earn more than 3 million won per year.
- Household Member Range: Spouse and dependent children under 18 years of age are included regardless of cohabitation. In the case of direct ascendants, they are included only if they cohabitate.
- Dependent Parents: Direct descendants who are 70 years of age or older and living together according to the resident registration and whose income is less than 1 million won
Application period for the earned income tax credit
- (Second half of 2022) From March 1 to March 15, 2023
- (2022 Regular) From May 1, 2023 to May 31, 2023
- (Application after the 2022 deadline) From June 1, 2023 to November 30, 2023
- (First half of 2023) From September 1 to September 15, 2023
♥ There's still time left to apply. Apply now!
Go to Apply for Earned Income Tax Credit
Two ways to apply for the earned income tax credit
- Search for employment and child support grant applications on Hometax (including mobile Hometax)
- Work/Childcare Allowance Counseling Center Phone: 1566-3636
