Article 118-6 (Education Expense Tax Credit)

The "education expenses prescribed by Presidential Decree" in the main sentence of each subparagraph of Article 59-4(3) of the Act shall mean education expenses falling under any of the following subparagraphs. <Amended by 2017.2.3, 2023.2.28> 1. Tuition fees, admission fees, childcare expenses, course fees, and other fees. 2. Meal expenses paid to schools, kindergartens, daycare centers that provide meals in accordance with the 「School Meal Act」, the 「Early Childhood Education Act」, the 「Infant and Child Care Act」, etc., academies and sports facilities referred to in Article 59-4(3)1(d) of the Act (limited to children before entering elementary school). 3. Textbook costs purchased at schools referred to in Article 2 of the 「Elementary and Secondary Education Act」. 4. School uniform costs (limited to middle and high school students, with an annual limit of 500,000 won per student). 5. Tuition fees and special activity expenses for after-school classes or after-school programs conducted at schools, etc. referred to in the following subparagraphs (including the cost of books purchased at schools, etc. and the cost of books for after-school classes for elementary, middle, and high schools purchased outside of schools). a. Schools referred to in Article 2 of the 「Elementary and Secondary Education Act」. b. Kindergartens referred to in Article 2(2) of the 「Early Childhood Education Act」. c. Daycare centers referred to in Article 2(3) of the 「Infant and Child Care Act」. d. Academies and sports facilities referred to in Article 59-4(3)1(d) of the Act (limited to children before entering elementary school). 6. Expenses incurred for field trips conducted as part of the curriculum at schools referred to in Article 2 of the 「Elementary and Secondary Education Act」 (with an annual limit of 300,000 won per student). 7. Examination fees for tests referred to in Article 34(3) of the 「Higher Education Act」 and admission screening fees referred to in Article 34-4 of the same Act.

The "curriculum prescribed by Presidential Decree" in Article 59-4(3)1(b)2) of the Act shall mean a curriculum evaluated and recognized as a credit-recognition learning course by the Minister of Education under Article 3(1) of the 「Act on Recognition of Credits, etc.」 and a curriculum referred to in Article 9(1)4 of the 「Enforcement Decree of the Act on Self-Study for Degree Acquisition」. <Amended by 2015.2.3>

The "student prescribed by Presidential Decree" in Article 59-4(3)1(c) of the Act shall mean a student (limited to those falling under any of the following subparagraphs for children before entering elementary school and for elementary and middle school students) for whom a resident with Korean nationality paid education expenses as of the end of the relevant taxation period. 1. A person eligible for self-funded study abroad under Article 5 of the 「Regulations on Overseas Study」. 2. A person studying abroad under Article 15 of the 「Regulations on Overseas Study」 who has lived abroad with a dependent for one year or more.

The "amount prescribed by Presidential Decree" in Article 59-4(3)1(d) of the Act shall mean tuition fees paid for receiving instruction in a monthly curriculum (limited to courses conducted at least once a week) at an academy under the 「Act on the Establishment and Operation of Academies and Tutoring Business」 or a sports facility under Article 6 by a child before entering elementary school.

The "sports facility prescribed by Presidential Decree" in Article 59-4(3)1(e) of the Act shall mean a sports facility falling under any of the subparagraphs of Article 6. <Newly inserted by 2026.2.27>

The "support funds, etc. prescribed by Presidential Decree" in the proviso to Article 59-4(3)2(c) of the Act shall mean support for vocational competency development of workers under Article 43 of the 「Enforcement Decree of the Employment Insurance Act」. <Amended by 2026.2.27>

The "amount additionally paid due to overdue repayment of loan principal and interest, etc., as prescribed by Presidential Decree" in the proviso to Article 59-4(3)2(d) of the Act shall mean amounts falling under any of the following subparagraphs. <Newly inserted by 2017.2.3, 2026.2.27> 1. Amounts additionally paid due to overdue repayment of principal and interest of student loans referred to in Article 12. 2. Amounts of principal and interest of student loans referred to in Article 12 that have been reduced or exempted. 3. Amounts of principal and interest of student loans referred to in Article 12 that have been repaid with student loans provided by local governments or public institutions.

The "social welfare facilities and non-profit corporations prescribed by Presidential Decree" in Article 59-4(3)3(a) of the Act shall mean facilities and corporations falling under any of the following subparagraphs. <Amended by 2017.2.3, 2026.2.27> 1. Social welfare facilities under the 「Social Welfare Services Act」. 2. Non-profit corporations established under the Civil Act that are recognized by the Minister of Health and Welfare as institutions providing rehabilitation education for disabled persons.

The "institution prescribed by Presidential Decree" in the first sentence of Article 59-4(7) of the Act shall mean an institution falling under any of the following subparagraphs. <Newly inserted by 2017.2.3, 2017.12.29, 2019.2.12, 2022.2.17, 2026.2.27> 1. Korea Student Aid Foundation under Article 6 of the 「Act on the Establishment of the Korea Student Aid Foundation, etc.」. 2. Korea Housing Finance Corporation under the 「Korea Housing Finance Corporation Act」. 3. Korea Asset Management Corporation under the 「Act on the Establishment of the Korea Asset Management Corporation, etc.」.