Article 59-2 (Child Tax Credit)

For dependents who are children (including adopted children and foster children, hereinafter referred to as "eligible children" in this Article) and grandchildren aged 8 or older, who are basic deductible persons of a resident with earned income, the amount calculated according to the following subparagraphs shall be deducted from the calculated comprehensive income tax. <Amended by Acts No. 12604, May 13, 2015, Acts No. 14926, Dec. 19, 2017, Acts No. 16125, Dec. 31, 2018, Acts No. 16865, Dec. 31, 2019, Acts No. 19126, Dec. 31, 2022, Acts No. 19907, Dec. 31, 2023, Acts No. 20311, Dec. 31, 2024> 1. In the case of one person: 250,000 won per year 2. In the case of two people: 550,000 won per year 3. In the case of three or more people: The sum of 550,000 won per year and 400,000 won per year for each person exceeding two.

If there are eligible children who were born or adopted during the relevant tax period, the amount calculated according to the following subparagraphs shall be deducted from the calculated comprehensive income tax. <Newly Inserted by Acts No. 12604, May 13, 2015, Acts No. 13679, Dec. 20, 2016> 1. In the case where the eligible child born or adopted is the first child: 300,000 won per year 2. In the case where the eligible child born or adopted is the second child: 500,000 won per year 3. In the case where the eligible child born or adopted is the third child or more: 700,000 won per year