Tax

Income Deduction for Housing Subscription Savings (주택청약종합저축 소득공제): How to Apply, Amount & Eligibility (2026)

40% of annual deposits up to KRW 3,000,000, up to KRW 1,200,000 income deduction

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 who are wage earners with total salary of KRW 70,000,000 or less. Deposits up to KRW 3,000,000 per year, 40% deduction = up to KRW 1,200,000. Apply by submitting a certificate of non-homeownership by the end of February of the following year. If cancelled within 5 years, 6% of the deducted amount is recovered (with exceptions).
Who is eligible: Household heads without a home who are wage earners with total salary of KRW 70,000,000 or less
When to apply: Year-end tax settlement (January-February of the following year)
How to apply: Submit the bank's housing savings deposit certificate plus a certificate of non-homeownership (community service center / Government24 (정부24)); year-end tax settlement through Hometax (홈택스)
Important notes: Submit the certificate of non-homeownership by the end of February of the year after the deduction year
Note: The amendment effective January 1, 2026 includes provisions concerning spouses, so check with the National Tax Service whether a spouse other than the household head can claim the deduction. Cancellation upon winning a subscription and similar cases are exempt from recovery.

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 Housing Subscription Savings (주택청약종합저축 소득공제): who can receive it?

Household heads without a home who are wage earners with total salary of KRW 70,000,000 or less

Income Deduction for Housing Subscription Savings (주택청약종합저축 소득공제): how do I apply?

Submit the bank's housing savings deposit certificate plus a certificate of non-homeownership (community service center / Government24 (정부24)); year-end tax settlement through Hometax (홈택스)

Income Deduction for Housing Subscription Savings (주택청약종합저축 소득공제): how much will I receive?

Household heads without a home who are wage earners with total salary of KRW 70,000,000 or less. Deposits up to KRW 3,000,000 per year, 40% deduction = up to KRW 1,200,000. Apply by submitting a certificate of non-homeownership by the end of February of the following year. If cancelled within 5 years, 6% of the deducted amount is recovered (with exceptions).

Income Deduction for Housing Subscription Savings (주택청약종합저축 소득공제): when can I apply?

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