Housing Subscription Deduction Calculator

Housing Subscription Deduction Calculator helps estimate Korea-related property, housing, or local tax pressure from assessed values and thresholds.

Housing subscription deduction inputs

Eligibility

Eligible

All core tests passed.

Income deduction

₩1,200,000

Eligible payment ₩3,000,000.

Tax saving

₩316,800

Marginal rate 24.0%.

Additional saving

₩0

Already at optimal annual payment.

Calculates the Korean housing subscription savings deduction for salary earners with the KRW 70 million salary threshold, homeless household-head test, KRW 3 million annual payment limit, 40 percent income deduction, and local tax effect. This English calculator calls the same pure tax calculation function used by the Korean page. Inputs and labels are translated; the formula is not replaced by a generic value-times-rate stub.

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Housing subscription deduction calculator

This English page translates the Korean housing subscription savings deduction guide and preserves salary, household, payment-limit, deduction-rate, local tax, and optimal-payment rules.

Eligibility tests

The Korean deduction is for salary earners, so business or other income alone does not qualify. The calculator keeps the KRW 70 million salary threshold, entered in manwon on the Korean page, and checks homeless-household and household-head status.

Submitting the homeless-household certificate is treated as a warning rather than a mathematical eligibility failure because documentation can sometimes be corrected, but the final year-end settlement still requires the evidence.

Deduction amount

The KRW 3 million annual limit applies to qualifying payments. The 40 percent income deduction means the maximum income deduction is KRW 1.2 million when the annual payment reaches the limit.

The tax saving estimate applies the taxpayer marginal income tax rate and local tax at 10 percent of the income-tax saving. The calculator also preserves the 6 percent clawback concept for disqualifying withdrawals described in the Korean guide.

Optimal contribution

The optimal contribution result shows whether the current monthly or annual payment already uses the KRW 3 million annual limit. If not, it gives the additional monthly payment needed in manwon.

Youth preferential accounts can add separate benefits, including the youth age range and salary condition explained in the Korean guide, but the income deduction itself still follows the salary, homeless-household, household-head, annual limit, and 40 percent deduction structure.