Monthly Rent: Tax Credit vs. Income Deduction Comparison
See which saves you more on Korean year-end tax settlement — the rent tax credit or the receipt-based deduction
Compares the monthly rent tax credit (up to 17%) against the cash-receipt income deduction (30%) to show which one gets you a bigger refund, based on your total salary and rent amount.
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How to use
- Enter your monthly rent and total annual salary.
- See the estimated refund for both methods and which one is recommended.
FAQ
- Can I still get the rent tax credit if my salary is over ₩70 million?
- No — above ₩70 million the tax credit isn't available, so you'd apply for the cash-receipt income deduction instead.
- Can I claim both the tax credit and the income deduction?
- No. You can't apply both methods to the same rent expense — you have to pick one or the other.
- What do I need to qualify for the rent tax credit?
- You need to be a no-homeownership householder renting a place of 85㎡ or smaller (or valued under ₩400 million), and your resident registration address must match the address on your lease.