Today, we will tell you about the preview of year-end tax settlement. In the past, many people received a refund of 13th month’s salary when they did year-end tax settlement, but these days, it seems that many people are hit with a tax bomb.
Therefore, it is necessary to prepare systematically by previewing the year-end tax settlement. After checking the income deduction items through the National Tax Service’s year-end tax settlement preview, you should increase the number of deduction items as much as possible.
Please check through the year-end tax settlement preview to ensure that you receive as much of the 13th month’s salary as possible.
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Year-end tax settlement preview
The year-end tax settlement preview service is a service provided to help workers establish a tax savings plan for year-end tax settlement by providing tax saving tips for each deduction item and information on personal credit card usage history in advance.
You can check this year’s year-end tax refund amount by modifying and entering the deduction amount for each item pre-filled with last year’s year-end tax settlement amount.
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🔍 Click here to preview Hometax year-end tax settlement 👆
You can preview the 2024 year-end tax settlement by going to the National Tax Service’s Hometax website. If you click on the incentive/year-end tax settlement/electronic donation tab in the top menu of the Hometax homepage, there is a year-end tax settlement preview menu.
The 2024 year-end tax settlement preview consists of steps 1 to 3. Click number 1: Calculate credit card income deduction amount.
Afterwards, if you click Retrieve 2022 Payment Statement, withholding income from last year’s year-end tax settlement will be retrieved. Here, the income amount is adjusted to the expected annual salary.
🔍 Click here to preview Hometax year-end tax settlement 👆
Next, if you have dependents, select Dependent Credit Card Data and click Import Credit Card Data to check credit card, cash receipts, and check card usage from January to September of this year.
Enter additional usage amounts for October through December here.
Even if you don’t know about credit card income deductions and tax deductions, they are automatically applied and calculated by the National Tax Service’s Hometax. Through this, it is recommended to check whether you can receive an income deduction and increase the use of check cards and cash receipts with high deduction rates.
In step 2, you can enter the items for which you can receive income deductions and tax deductions. By default, the year-end tax settlement amount received last year is automatically entered.
If there is anything to be modified in step 2, you can check the year-end tax refund after making the modifications. Check the estimated tax amount for refund of tax deduction and if it is negative, you will receive a refund equal to that amount.
Lastly, through the tax saving tip by surrender, you can check the year-end tax settlement data for the past three years and the year-end tax refund received, and check the status of deduction items.
This time, we looked at a preview of year-end tax settlement. Prepare your year-end tax settlement in advance so you don’t miss out on areas where you can get tax deductions, and use the preview service to make a tax saving plan. So far, we have summarized the methods for previewing year-end tax settlement.