Korea Year-End Tax Settlement Calculator (2026)
Enter your salary, family, card spending and deductions to estimate what you get back or pay in February 2027.
What changed for 2026
- The card spending deduction limit now rises with children: ₩3.5M with one child and ₩4M with two or more (₩2.75M / ₩3M above ₩70M salary).
- The child tax credit applies from age 9 in 2026, excluding children born in 2017, so in practice children born 2006–2016.
- Hometown Love donations between ₩100k and ₩200k now earn a 40% credit.
Estimated tax by salary
| Salary | Withheld (est.) | Tax (no extras) | Result | Tax (cards + pension) | Result |
|---|---|---|---|---|---|
| ₩30,000,000 | ₩352,920 | ₩482,125 | ₩142,120 due | ₩0 | ₩388,210 refund |
| ₩40,000,000 | ₩1,223,280 | ₩1,560,534 | ₩370,980 due | ₩885,534 | ₩371,510 refund |
| ₩50,000,000 | ₩2,589,000 | ₩2,788,788 | ₩219,750 due | ₩2,057,538 | ₩584,610 refund |
| ₩60,000,000 | ₩3,930,960 | ₩4,067,952 | ₩150,690 due | ₩3,370,452 | ₩616,550 refund |
| ₩70,000,000 | ₩5,240,880 | ₩5,347,260 | ₩117,020 due | ₩4,593,510 | ₩712,100 refund |
| ₩80,000,000 | ₩7,547,520 | ₩7,424,819 | ₩134,970 refund | ₩6,464,819 | ₩1,190,970 refund |
| ₩100,000,000 | ₩12,065,400 | ₩11,746,384 | ₩350,920 refund | ₩10,786,384 | ₩1,406,920 refund |
FAQ
When is the year-end settlement?
Employers settle with February salary. Hometax opens a preview service in early November and the simplified data service around January 15.
Why do some people owe tax?
Monthly withholding assumes average deductions. With few deductions, the final tax is higher than what was withheld.