Hometax (www.hometax.go.kr) year-end settlement simplification service opened today (15th) at 6am, where you can search for proof data required for year-end settlement income and tax credit.
Opening hours are daily from 6 am to 24 am.
From the 15th to the 25th, when the use is concentrated, you can use it for 30 minutes in a row to prevent system overload.
When the connection termination notice window appears, you can save your work and reconnect after disconnection.
In this year-end settlement simplification service, data on donations related to medical expenses related to medical expenses related to medical expenses, insurance premiums for ineligible medical insurance, eyeglass purchases paid by credit card (cash receipt), monthly tax paid to public rental housing business owners, and emergency disaster support were added.
Confirmation data reflecting the addition/modification data of the receipt issuing agency will be provided from the 20th.
Although it is a deductible item, data that cannot be viewed because the operator is not obligated to submit the data or the agency obligated to submit the data has not submitted it, so the worker must receive the proof directly from the receipt issuing agency and submit it to the company.
Hearing aids, disability security equipment, glasses paid in cash, preschool school fees, etc.
If the medical expense data is not viewed by the simplified service or is not true, you can report it to the'Unchecked Medical Expense Report Center'.
Report center operation period is until 17 days
For the year-end settlement simplification service attributable to 2020, you can also search data with private certificates (KakaoTalk, Payco, KB Kookmin Bank, 3 telecommunication companies PASS, and Samsung PASS), or apply for or cancel the consent of dependents to provide data.
However, private certificates can only be used on PCs, and mobile hometax applications, that is, Sontax, cannot be used.
Joint certificates (formerly accredited certificates/financial certificates), administrative digital signatures (GPKI), and educational institution digital signatures (EPKI) can be used for both PC and mobile services.
Simplified data for dependents can be viewed by workers only after the dependents agree to provide the data.
Data of minor children born on or after January 1, 2002 can be viewed by the worker himself/herself through the'Request for data inquiry of minor children'.
You can apply for consent to provide data after accessing Hometax or Sontax and verifying yourself, and you can also apply for fax or visit.
The'Convenient Year-end Settlement Service' that can process deduction reports (workers) and payment statement creation and submission (company) through Hometax, not the company computer system, will be operated from the 18th.
In this year's year-end settlement, the credit card income deduction is applied significantly to 80% depending on the time of consumption.
Even if the income deduction limit according to income is satisfied, the amount of use of traditional markets, public transportation, books, performances, museums and art museums can be deducted up to KRW 1 million each.
Therefore, if the inquired data is different from the actual card consumption, you can request the credit card company to reissue a confirmation of the amount used or submit a separate document proving the transaction to the company.
In addition, starting from this year-end settlement, ▲ the establishment of tax exemption for maternity leave for spouses ▲ reduction in income tax for excellent workers returning to Korea ▲ expansion of the tax exemption limit for stock option exercise profits from venture companies to KRW 30 million can be used for tax reduction.
Contributions to emergency disaster support are classified as legal contributions, and those that are more than received are classified as designated payments, and tax deductions are applied.
If there are two or more earned income earners among household members, the head of the household or one of the household members can be deducted for the full amount.
Of the medical expenses you paid last year, the amount you received from the loss insurance should be excluded from the medical expense tax credit application.
If you received a medical expense tax deduction from the year-end settlement of the amount attributable in 2019 (January of last year), and you received indemnity insurance last year, you must file a revised return when filing your comprehensive income tax in May of this year.
Failure to file a revised report may result in unpaid taxes and penalties.
You should also be careful not to pay penalties for'unfair deductions' as much as receiving deductions without omission.
The items that workers are often wrong in year-end settlement include personal deduction for dependents exceeding 1 million won in'income amount', duplicate deduction for children of dual-income workers, duplicate deduction for parents of siblings, unfair deduction for housing funds or monthly tax, etc.
Here, the amount of income refers to the amount deducted from the gross salary, gross income, total pension amount, and transfer difference, etc., by deducting earned income deduction, necessary expenses, and pension income deduction.
In particular, if there is an error in the personal deduction for dependents, in addition to the basic/additional deductions, special deductions (insurance premiums, education expenses, credit cards, donations, etc.)of the family who incorrectly applied the personal deductions are also excluded.Therefore, additional taxes and penalties to be paid are greatly increased. .