- Who is eligible
- Residents (workers and business owners) with a basic deduction dependent child whose birth or adoption was reported in the relevant taxation period.
- When to apply
- Credited in the year-end tax settlement for the taxation period in which the child was born or the adoption was reported (January~February of the following year).
- How to apply
- Mark the dependent child's birth or adoption item in the year-end tax settlement (through the company) or the May comprehensive income tax filing (Hometax hometax.go.kr).
- Important notes
- Applies only to amounts attributable to the year of birth. After the legal amendment is finalized, please check the final guidance from the National Tax Service.
- Note
- [Important] The tax reform proposal announced Aug. 3, 2026 (government proposal approved by the Cabinet on Sept. 1, 2026) ends this credit upon expiry of its application period (Dec. 31, 2026) and converts it to fiscal support. It is not confirmed because it has not passed the National Assembly, and the specifics and timing of the replacement support are undecided (to be announced later by the Ministry of Planning and Budget). The current credit is likely to apply to births and adoptions in 2026, but the result confirmed by the National Assembly in December must be checked, and for births from 2027, if it is abolished it may be replaced by fiscal support. The practical benefit is small for people with no tax payable.
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.