<Anchor>
Reporter Kwon Ae-ri's friendly economic time.
Reporter Kwon, a friendly year-end settlement guide Today (17th) is the last step to prepare for this year, right?
<Reporter>
Yes, I will tell you a little more about the things you must do before the end of this year so that you will not be disappointed this year.
Newlyweds who have had a hard time getting married this year while wearing and taking off their masks, and those who have been married since the fall, there will be quite a few people who have not yet registered their marriage.
Now, there are only 10 days left in 2020, and it is highly recommended that you register your marriage.
The most important thing in year-end settlement is personal deduction, and there is not much more reliable tax reduction law than reporting that the number of dependents will increase one by one.
The marriage registration must be completed within this year before the spouse can be added as a dependent from the year-end settlement early next year.
Anyway, I'm sure I'll get married early next year, and even in that case, it's okay to pull the marriage registration a little in advance and do it now.
<Anchor>
Yes, but in the case of double-income, even if a marriage is reported, the dependents cannot become each other, right?
<Reporter>
Yes, it is.
Each of them has income, so they do their own year-end settlement.
So, if you do not have children yet, you may not be able to benefit from this year's marriage registration, but when you get married, not only the two of you, but also new families will be formed at once.
For example, father-in-law, mother-in-law, so if your spouse's parents have an annual income of less than 1 million won and are over 60 years old, you may be raised as a dependent, not as a husband, but as a double-income family.
If the parents-in-law only have pension income, then it is okay to receive 5.16 million won per year, so dependents are personally deducted.
And parents don't have to live with the newlyweds.
My spouse's grandmother and grandfather can also be my dependents.
These age differences are rare these days, but brothers and sisters of spouses who are still in their teens and who have no income can be raised as dependents.
In this case, it is most advantageous to apply personal deductions from dependents to the person with the higher income among the two couples.
If the number of people who can register as dependents has suddenly increased due to marriage, in such a case, you should consider how best to share personal deductions for the couple and distribute them while doing a simulation calculation using the IRS year-end settlement preview service.
If the couple's income gap is not so large, it is not possible to effectively save tax even if multiple dependents are given to only one person.
Also, I will briefly tell you about the divorce that many people are doing.
If you are divorced this year, even if you were a married couple until November, you cannot receive deductions for dependents for your ex-spouse, parents, or siblings.
However, for two children, one of the parents will continue to receive deductions.
If before this year's divorce, I have paid insurance, education, or medical expenses for my ex-spouse, this can be deducted even if I divorced.
<Anchor>
And I became independent with a monthly rent within this year, so this must be completed by the transfer notification within this year, right?
<Reporter>
Yes, the monthly tax credit is large.
If the total salary is less than 55 million won, 12% of the money I paid for monthly rent this year, and if it is less than 70 million won, it will be deducted from the tax right away.
However, this will also be recognized if you have to report the move-in within this year from the one you paid after the report.
So, this is a bit late now, but those who have not reported moving in while living on a monthly rent from this year must report even now so that they can get a maximum of 12% refund for the monthly rent in December.
In order to receive a deduction from my income, it doesn't matter if the name of the monthly rent contract is my parents or spouse. Anyway, I, too, must prove that I live at this address by the transfer notification.
In particular, starting this year, when renting a public rental house, the data will be automatically transferred to the year-end settlement simplified service, so in that case, I have nothing to prepare.
In the case of other monthly rent, I have to bring the data and submit it.
And finally, medical expenses covered by real indemnity insurance, which cannot be duplicated until year-end settlement.
There is money covered by indemnity insurance from medical expenses, and there is a separate amount of money that you pay, and only the portion of the self-pay is deducted from medical expenses.
In particular, starting this year, the year-end settlement simplification service includes all of the amount I received compensation for indemnity insurance, so if you make a mistake, you may pay additional taxes later.