Tax

Income Deduction for Credit Cards, Debit Cards and Cash Receipts (신용카드·체크카드·현금영수증 소득공제): How to Apply, Amount & Eligibility (2026)

Deduction on spending above 25% of gross salary: credit 15%, debit and cash receipts 30%, traditional markets and public transportation 40%, limit KRW 3,000,000 (+ children)

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: For spending above 25% of gross salary: credit cards 15%, debit cards and cash receipts 30%, traditional markets and public transportation 40%, and books, performances, museums, movie theaters, swimming pools and fitness centers (gross salary KRW 70,000,000 or less) 30%. Basic limit for 2026 spending: KRW 3,000,000 for gross salary of KRW 70,000,000 or less (KRW 3,500,000 with 1 child, KRW 4,000,000 with 2 or more children), KRW 2,500,000 above that (KRW 2,750,000 with 1 child, KRW 3,000,000 with 2 or more children). The excess over the limit gets an additional deduction within the scope of traditional market, public transportation and culture and sports spending (KRW 3,000,000 for KRW 70,000,000 or less, KRW 2,000,000 above that).
Who is eligible: Earned income earners (those spending above 25% of gross salary)
When to apply: Spend during the year; reflected in year-end tax settlement (January-February). Check before year-end with the Hometax preview
How to apply: Check with the Hometax year-end tax settlement preview (around November) and the simplified service (January), and submit to your company
Important notes: Spending from Jan 1 to Dec 31 of the year. The system's application deadline is Dec 31, 2028
Note: Spending by spouse and direct ascendants and descendants can be combined (annual income of KRW 1,000,000 or less and gross salary of KRW 5,000,000 or less). Excludes cars, insurance premiums, utilities, gift certificates and spending claimed under the monthly rent tax credit. Overall income deduction limit KRW 25,000,000. 2027 government proposal: abolish the additional public transportation deduction and the income requirement for the 30% culture deduction.

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Income Deduction for Credit Cards, Debit Cards and Cash Receipts (신용카드·체크카드·현금영수증 소득공제): who can receive it?

Earned income earners (those spending above 25% of gross salary)

Income Deduction for Credit Cards, Debit Cards and Cash Receipts (신용카드·체크카드·현금영수증 소득공제): how do I apply?

Check with the Hometax year-end tax settlement preview (around November) and the simplified service (January), and submit to your company

Income Deduction for Credit Cards, Debit Cards and Cash Receipts (신용카드·체크카드·현금영수증 소득공제): how much will I receive?

For spending above 25% of gross salary: credit cards 15%, debit cards and cash receipts 30%, traditional markets and public transportation 40%, and books, performances, museums, movie theaters, swimming pools and fitness centers (gross salary KRW 70,000,000 or less) 30%. Basic limit for 2026 spending: KRW 3,000,000 for gross salary of KRW 70,000,000 or less (KRW 3,500,000 with 1 child, KRW 4,000,000 with 2 or more children), KRW 2,500,000 above that (KRW 2,750,000 with 1 child, KRW 3,000,000 with 2 or more children). The excess over the limit gets an additional deduction within the scope of traditional market, public transportation and culture and sports spending (KRW 3,000,000 for KRW 70,000,000 or less, KRW 2,000,000 above that).

Income Deduction for Credit Cards, Debit Cards and Cash Receipts (신용카드·체크카드·현금영수증 소득공제): when can I apply?

Spend during the year; reflected in year-end tax settlement (January-February). Check before year-end with the Hometax preview