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Child Tax Credit: Applying After the Deadline

  • Written Language: Korean
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Created: 2024-11-20

Created: 2024-11-20 00:07

Don't miss out on the Child Tax Credit (자녀장려금)! Apply now! The 2024 Child Tax Credit criteria have been relaxed, allowing more households to benefit. However, if you missed the regular application period, there's still a chance. It's called aLate Application (기한 후 신청).

What is a Late Application (기한 후 신청)?

If you missed the regular application period, this refers to the opportunity to apply additionally for a certain period. The 2024 Child Tax Credit late application period is untilNovember 30th (11월 30일까지).

Points to Note for Late Applications

  • Reduced Payment Amount (지급액 감소): The payment amount will be reduced by 5% compared to regular applications.
  • Strict Application Deadline (신청 기간 엄수): Failure to apply within the deadline will result in ineligibility for benefits.

How to Apply for the Child Tax Credit

How to Apply for Child Tax Credit After the Deadline

How to Apply for Child Tax Credit After the Deadline

  • Hometax (홈택스): Easy application via PC or mobile web.
  • Sontax App (손택스 앱): Apply anytime, anywhere via smartphone app.
  • ARS (ARS): Simple application via phone.

Child Tax Credit Payment Date

  • Payment within 4 months of application date.
  • Payment date can be checked via Hometax or ARS.

Frequently Asked Questions (FAQ)

  • Who is eligible for the Child Tax Credit?
    • Households with children under 18 years old who meet income and asset requirements.
  • What are the income requirements?
    • From 2024, income requirements have been relaxed, allowing applications from households with less than 70 million won in income.
  • What are the asset requirements?
    • The total value of assets, including houses, land, and buildings, must be less than 240 million won.
  • Is debt included in assets?
    • Yes, total assets, including debt, are considered.
  • How much can I receive?
    • Up to 1 million won, with payments varying based on income.
  • Are there any disadvantages to applying late?
    • The payment amount is reduced by 5%.

Don't miss out on the Child Tax Credit! Apply now and receive your benefits!

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