Work incentives are still being implemented. This is an incentive given by the government to those who have worked hard but are financially difficult. Let’s learn more about the application period, application documents, and application method.
2024 Earned Income Tax Credit Application Period (Application Method & Qualifications)
2024 Earned Income Tax Credit Application Period (Application Method, Application Qualifications)
Click here to apply for employment incentives
Download key forms
1 (First half, second half) Half-year application for attributable work incentives
Semi-annual work incentive application (revised 2023.3.20.).hwp
0.10MB
2 Account opening (change/withdrawal) report for employment incentives and child incentives
Account opening (change/withdrawal) report for work incentives and child incentives.hwp
0.04MB
3 Application for employment incentives and child incentives (regular, post-expiration)
Application for employment incentives and child incentives (regular, after the deadline).hwp
0.10MB
Work incentive application period
Workers with only earned income can apply by selecting semi-annual or regular applications, while those with business or religious income must apply regularly.
2024 Earned Income Tax Credit Application Period (Application Method & Qualifications)
✅ Semi-annual application: Applicable to earned income earners
✔ ‘Income for the first half of 2023: ’ 23.9.1.~15.
✔ ’ Income for the second half of 2023: ’ 24.3.1.~15.
✅ Regular application*: Applicable to working, business, or religious income earners
✔ ’23 annual income: ’24.5.1.~31.
👉🏻 The application period after the deadline is ‘24.6.1.∼11.30.
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
How to apply for work incentives
👉🏻 Service usage hours: 6:00~24:00
Click here to apply for employment incentives
1️⃣ Apply by phone for ARS (1544-9944)
✔ Select application by phone by pressing [1] (applicable for regular application, omitted for semi-annual application) and entering the 13-digit resident registration number.
✔ Enter the individual authentication number (8 digits) written in the application guide (text message)*
✔ If you apply according to the instructions and contact your contact information registered with the National Tax Service, the individual authentication number can be omitted.
2️⃣ Apply for National Tax Service Hometax (mobile app, PC)
✅When applying via mobile app, download and install from the App Store (Play Store)
https://play.google.com/store/apps/details?id=kr.go.nts.android&hl=ko&gl=US&pli=1
National Tax Service Home Tax [Son Tax] – Apps on Google Play
If the Sontax app is not installed properly from the Play Store, please install it using the One Store app. National Tax Counseling Center ☎126
play.google.com
✅ Apply by accessing the National Tax Service’s Hometax (www.hometax.go.kr)
www.hometax.go.kr
National Tax Service Hometax
www.hometax.go.kr
3️⃣ Apply online
✅ If you receive a written notice, scan the QR code inserted in the notice with your smartphone to apply.
✅ If you have received a mobile notice, apply after reading the mobile notice attached to KakaoTalk or text message.
✅ If the Hometax mobile app is installed, the individual authentication number is automatically entered and you can apply using your resident registration number without logging in.
4️⃣ Application agent
Weekdays 9:00 – 18:00 (excluding Saturdays, Sundays, and public holidays) If the recipient agrees, a counselor at the incentive counseling center (1566-3636) or a tax office employee can apply on his/her behalf.
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
Eligibility to apply for work incentives
1️⃣ Income and Asset Requirements
2024 Earned Income Tax Credit Application Period (Application Method & Qualifications)
✅ Income requirements (combined for married couples)
In 2022, the total annual income of couples must be less than the total income standard amount below determined according to the composition of household members.
(Employment incentives) Single-income households 22 million won, single-income households 32 million won, double-income households 38 million won
(Child incentives) 40 million won for single-income households or double-income households
👉🏻 What is gross income? : Earned income (total salary amount), business income (total income amount
✅ Property requirements (sum of household members)
✔ As of June 1, 2022, the total amount of assets including houses, land, buildings, and savings owned by all household members is less than 200 million won.
✔ Liabilities are not deducted when calculating property value.
👉🏻 Even if you meet all of the above requirements, you cannot apply for employment or child incentives if you fall into the following types.
ㅇㅇ2022.12.31. Persons who do not currently possess Korean nationality
(Those who are married to a person with Korean nationality or have dependent children with Korean nationality can apply)
ㅇㅇA person who is a dependent child of another resident in 2022
ㅇㅇA person who runs a professional business (including his/her spouse)
ㅇㅇ2022.12.31. A person (including his or her spouse) who is currently continuously employed as a regular worker (excluding daily workers) and whose average monthly earned income is more than KRW 5 million (employment incentives only)
2️⃣ Definition of household composition
✅ Single-family households: Households without a spouse, dependent children (under 18 years of age), or direct ascendants over 70 years of age.
✅ Single-income households: ① Households where the spouse’s “total salary, etc.” is less than KRW 3 million ② Even if there is no spouse, there are dependent children (under 18 years old) or direct ascendants over 70 years old (each with an annual income of KRW 1 million or less and according to the resident registration record) Households with cohabiting family members who share a livelihood
✅ Dual-income households: Households where the “total salary, etc.” of each resident and spouse is 3 million won or more
👉🏻What is a household member? Refers to the resident’s spouse, the resident’s or his or her spouse’s immediate ascendants and descendants (including that spouse), and dependent children.
3️⃣ Total income and total salary conditions
2024 Earned Income Tax Credit Application Period (Application Method & Qualifications)
✅ Application criteria
✔ Total income: Criteria for determining income requirements among application qualifications (standard amount by household member composition)
✔Total salary amount
Criteria for determining incentive payment amount
Standards for classifying single-income and dual-income households with a spouse
✅ Income criteria (coupled for married couples)
✔ Total income: Total amount of income from employment, business, religious, others, interest, dividends, and pension.
✔ Total salary: Total amount of income from work, business, and religious people
👉🏻 Income excluded from “total salary, etc.”
✔ Tax-exempt income
✔ Earned income and business income subject to withholding tax received from the direct descendants of the applicant and spouse
✔ Business income of a person without business registration (excluding personal service income subject to withholding tax)
✔ Earned income received from a person without business registration
✔ Recognized bonus earned income (income disposition under Article 67 of the Corporate Tax Act)
✔ Income generated from real estate rental business according to the Income Tax Act
✅ Adjustment rate by industry
2024 Earned Income Tax Credit Application Period (Application Method & Qualifications)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
2024 Earned Income Tax Credit Application Period (Application Method & #44; Application Eligibility)
So far, we have learned about how to apply for work incentives, application period, application qualifications, etc. Although it is implemented every year, we hope that you will not be disadvantaged by missing the application deadline or not applying. I have a small wish that the amount of work incentives paid by the government to those who work hard will be slightly higher. I hope all workers stay strong and healthy this year.