Deductions & Allowances in South Korea
Standard deduction (estimated)
For 2026, an estimated standard deduction of ₩18,840,000 is used in this calculator's default estimate.
Other categories worth checking
- Retirement / pension contributions
- Health insurance and medical expenses
- Dependent / family allowances
- Mortgage interest or housing-related relief
- Education expenses
- Charitable donations
- Business expenses (for self-employed filers)
Availability and limits for each category vary significantly by country and change from year to year. Confirm which deductions you're eligible for with South Korea's tax authority or a local advisor.