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How to Check Earned Income Tax Credit (EITC) Payment Date: A Complete Guide

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Created: 2024-11-19

Created: 2024-11-19 11:53

After applying for the Earned Income Tax Credit (EITC), the most frequent question is about the payment date. We will show you how to easily check this information through the National Tax Service's Hometax website.

How to Check Earned Income Tax Credit (EITC) Payment Date

How to Check Earned Income Tax Credit (EITC) Payment Date

  • Accessing Hometax and logging in: Click on the 'Incentives, Year-End Tax Adjustments, and Electronic Donations' menu at the top of the homepage, and then click on the 'Earned Income/Child Tax Credit' tab.
  • Checking the review progress: Select the '(Regular/Semiannual) Review Progress Inquiry' menu, enter the applicable year, and click the search button.
  • Confirming the scheduled payment date: In the search results, you can see the scheduled payment date along with the message, 'The Earned Income Tax Credit has been finalized'.

Other Inquiry Methods

  • Sontax Mobile App: Easily checkable via smartphone
  • National Tax Service ARS: Inquiry possible via phone

Information You Shouldn't Miss

  • Payment Deadline: Regular applications are paid by the end of September, first-half applications by the end of December, and second-half applications by the end of June.
  • Payment Amount: Up to 3.3 million won is supported, but it may be reduced depending on the total asset amount and whether or not the application was submitted after the deadline.
  • Payment Method: You can choose between bank transfer or cash payment.

Frequently Asked Questions (FAQ)

  • What should I do if I missed the application period for the Earned Income Tax Credit?
    • Late applications are possible, but the payment amount may be reduced.
  • Why is the Earned Income Tax Credit payment delayed?
    • There can be various reasons, such as errors in application information or requests for additional documents. Please contact the National Tax Service to confirm.
  • Are there any cases where I have to return the Earned Income Tax Credit I received?
    • If you have received the payment unjustly due to changes in income or assets, it may be reclaimed.

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