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This content applies specifically to South Korea. Receiving cash receipts through a phone number is not enough to claim an income deduction: you must register that number in Hometax, the tax service portal. Check the transaction history the day after registration to see whether the receipts appear. Register the number, then check the deduction In Hometax, open the cash receipt section for employees and consumers, then the menu for managing issuance methods, meaning the numbers or cards used to identify receipts. Check the phone number used at payment and register or correct it. Under the law effective September 18, 2026, general cash receipt spending has a 30% income deduction rate, compared with 15% for general credit card spending. Combined annual eligible spending must exceed 25% of total wages. A deduction reduces taxable income; it does not return 30% of spending in cash. Checking these conditions helps you judge which recorded receipts can count toward the deduction. A man ...

This content applies specifically to South Korea. For rent paid on or after February 28, 2022, you can request a cash receipt within 5 years of each payment date. Applying does not require the landlord's consent or business registration. A receipt proves payment, but does not automatically produce a deduction or refund. Prepare the records that support an application You can apply through Hometax, South Korea's online tax service. Prepare copies of the lease agreement and resident registration record, plus payment evidence such as bank transfer records. These establish the lease terms and actual payments for tax office review. Search Hometax for the residential rent cash receipt application, enter the lease and payment details, attach the files, and submit. Check the application result and issued receipts afterward. Woman at a low table checking rent payment records against receipt records What the Rent Cash Receipt guidance clarifies In the original article on Injoys, ...

This content applies specifically to South Korea. Spending 300,000 won a month on a debit card does not guarantee a credit score increase. If you are choosing between debit and credit, focus on affordable spending and paying amounts owed by their due dates. The often-cited 4 to 40 bonus points comes from past Financial Supervisory Service guidance, not a universal rule today. Choose around the money available for repayment Debit card use counts in credit assessments, while credit cards can build a record of timely repayment. Regular debit purchases generally draw from a linked account; credit card purchases are paid later. Choose the payment method you can manage within a budget. Using both cards alone does not raise a score, and extra debit spending does not produce a matching increase. A man puts a credit card into his wallet beside a card statement at a kitchen table. Find the checks behind the figures For a practical comparison, the original article on Injoys pairs payment m...

This content applies specifically to South Korea. Closing a housing subscription savings account generally means losing the membership period and payment history if you later rejoin. If monthly payments strain living expenses, reducing or pausing them is an option to consider first. The decision starts with plans to buy a home, rather than expected stock returns.   Lower payments can ease monthly expenses South Korea's account system supports applications for National Housing and private housing. As of August 15, 2026, the cited standard sets regular monthly payments at KRW 20,000 to KRW 500,000. The KRW 250,000 monthly figure is the National Housing payment recognition limit, not a compulsory contribution. If you need more room for everyday bills, a lower payment can reduce future spending. Pausing leaves the account open, but may delay recognized payments and affect National Housing priority. A later lump sum does not necessarily restore recognition immediately.   C...

This content applies specifically to South Korea. A dependent's donation cannot be included in the employee tax deduction if the donor exceeds the income threshold. For South Korea's year-end tax settlement, you may include a spouse's or dependent's eligible donations when the basic deduction requirements are met. The age restriction does not apply to donation deductions for returns filed on or after January 1, 2017.   Check income and donation type first The basic deduction, a tax allowance with family eligibility rules, generally requires total annual income of at most 1 million won. For a dependent with only wage and salary income, check whether total gross salary is at most 5 million won. With other income, review annual income separately. Special and general donations made by dependents may qualify. Political contributions and employee stock ownership association donations can be claimed only by the donor. Check the receipt's classification before includi...

This content applies specifically to South Korea. If you actually invested in the first offering, subscription to Round 2 is restricted. In South Korea, the Public Participation National Growth Fund's second offering runs from September 30 to October 15, 2026, on a first-come, first-served basis. Sales may end earlier if fully subscribed.   Plan around the five-year commitment Set aside only money that can remain invested for 5 years: early redemption is prohibited. Government funding absorbs losses first under the stated structure, but principal is not guaranteed. Check the prospectus for loss risks, management fees and commissions before choosing an amount. For tax benefits, use a dedicated account and meet its requirements. A general account allows subscription without those benefits.   National Growth Fund application details You can find the 24 distributors, lower-income allocation criteria and subscription steps in the original article on Injoys. Its account an...

This content applies specifically to South Korea. You cannot claim both the monthly rent tax credit and the cash receipt income deduction for the same rent payment in South Korea. For 2026, the tax credit is 15% or 17% of eligible rent, with eligible payments capped at KRW 10 million per year. The calculated credit is not a guaranteed refund.   Match the repair request to the cause If an aging boiler loses a major component, you can ask the landlord for repairs. Building defects causing leaks and defective wiring that prevents normal use also fall under the landlord's repair duty. Easily replaced, low-cost consumables and damage caused by the tenant may be the tenant's responsibility. Ask for the heating or hot water to be restored for daily comfort. Photograph the defect, record when it appeared and notify the landlord without delay, unless the landlord already knows. Use a text message or another method that leaves a record.   Renter repair duties alongside tax chec...