Tax

Monthly Rent Tax Credit (월세 세액공제): How to Apply, Amount & Eligibility (2026)

15% of monthly rent paid (17% for total salary of KRW 55,000,000 or less) as a tax credit, with a rent limit of KRW 10,000,000 per year

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: Household heads without a home with total salary of KRW 80,000,000 or less (those with comprehensive income above KRW 70,000,000 are excluded). Credit rate of 17% (total salary of KRW 55,000,000 or less) or 15% on annual rent up to KRW 10,000,000, up to KRW 1,700,000 / KRW 1,500,000. Housing requirements (Enforcement Decree): national housing size (85㎡) or less, or standard price of KRW 400,000,000 or less; the address on the lease must match the registered address.
Who is eligible: Wage earners who are household heads without a home at the end of the tax year (total salary of KRW 80,000,000 or less)
When to apply: Year-end tax settlement (January-February of the following year)
How to apply: At year-end settlement, submit the rent deduction application plus a copy of the lease and proof of transfer (to your company). You can also use the May comprehensive income tax filing or an amended return through Hometax (홈택스)
Important notes: If missed, use the May comprehensive income tax filing or an amended return claim within 5 years
Note: The 2026.1.1 amendment introduced an additional deduction for a spouse registered at a different address from the household head (combined limit unchanged). The housing requirement figures have not been confirmed in the Enforcement Decree (official confirmation needed). Proof of monthly rent by bank transfer is required.

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

Monthly Rent Tax Credit (월세 세액공제): who can receive it?

Wage earners who are household heads without a home at the end of the tax year (total salary of KRW 80,000,000 or less)

Monthly Rent Tax Credit (월세 세액공제): how do I apply?

At year-end settlement, submit the rent deduction application plus a copy of the lease and proof of transfer (to your company). You can also use the May comprehensive income tax filing or an amended return through Hometax (홈택스)

Monthly Rent Tax Credit (월세 세액공제): how much will I receive?

Household heads without a home with total salary of KRW 80,000,000 or less (those with comprehensive income above KRW 70,000,000 are excluded). Credit rate of 17% (total salary of KRW 55,000,000 or less) or 15% on annual rent up to KRW 10,000,000, up to KRW 1,700,000 / KRW 1,500,000. Housing requirements (Enforcement Decree): national housing size (85㎡) or less, or standard price of KRW 400,000,000 or less; the address on the lease must match the registered address.

Monthly Rent Tax Credit (월세 세액공제): when can I apply?

Year-end tax settlement (January-February of the following year)