Child Tax Credit & Childcare Allowance Simulator
Calculate childcare allowances (Parent Pay, Child Allowance, First Meeting Voucher) and year-end child tax credits
Estimate your total childcare benefits from government subsidies (such as Parent Pay, Child Allowance, First Meeting Voucher) over the next 24 months, and calculate year-end tax deduction benefits for birth/adoption and basic child credits.
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How to use
- Select the total number of children to simulate.
- Input each child's current age in months (0-120) and their birth order (1st, 2nd, 3rd+).
- View the calculated totals for the First Meeting Voucher (one-time) and annual child tax credits.
- Verify the monthly regular allowances (Parent Pay and Child Allowance) for the current point in time.
- Review the projected monthly breakdown table for the next 24 months and check the cumulative total benefit.
FAQ
- Can I receive Parent Pay and Child Allowance simultaneously?
- Yes, you can. Since Parent Pay and Child Allowance are different types of childcare allowances, you can combine both and receive them monthly on the 25th if you meet the eligibility criteria.
- What are the payment rates for Parent Pay in Korea?
- For infants under 만 0 years old (0-11 months), the parent pay is 1,000,000 KRW/month. For infants under 만 1 year old (12-23 months), it is 500,000 KRW/month. It expires once the child turns 2 years old (24 months).