100th Article 3 (Eligibility for Working Income Tax Credit Application)

A resident who has business income under Article 19 of the Income Tax Act, earned income under Article 20 of the same Act, or religious income under Article 21(1)26 of the same Act during the income tax period, and who meets all of the following requirements as prescribed by a Presidential Decree, may apply for the working income tax credit for that income tax period. <Amended on Dec. 31, 2011, Jan. 1, 2013, Jan. 1, 2014, Dec. 23, 2014, Dec. 20, 2016, Apr. 18, 2017, Dec. 19, 2017, Dec. 24, 2018, Dec. 28, 2021, Dec. 31, 2022, Dec. 31, 2024> 1. Deleted <Dec. 24, 2018> 2. The total annual income of the resident (including their spouse; hereinafter the same in this Article) prescribed by a Presidential Decree (hereinafter referred to as "total annual income" in Section 10-4) shall be less than the total income threshold amount determined according to the composition of all members of a single-family household (including the resident; hereinafter referred to as "family member" in this Section and Section 10-4) as prescribed by a Presidential Decree, as shown in the following table. <img src="http://www.law.go.kr/flDownload.do?flSeq=147212273" alt="img147212273">┌──────┬───────┐│Family composition│Total income threshold│├──────┼───────┤│Single-person household │22 million won │├──────┼───────┤│One-income household │32 million won │├──────┼───────┤│Two-income household │44 million won │└──────┴───────┘</img> 3. Deleted <Dec. 20, 2016> 4. The total amount of property owned by the family members, such as land, buildings, automobiles, and deposits, as prescribed by a Presidential Decree (hereinafter referred to as "total family property" in Section 10-4) shall be less than 240 million won.

Whether a person is a resident's spouse, or a spouse of a lineal ascendant or descendant, shall be determined based on the family relationship registration according to Article 9(1) of the Act on the Registration and Management of Family Relations, etc. as of the end of the relevant income tax period. However, for a spouse who died before the end of the income tax period, the determination shall be based on the family relationship registration according to Article 9(1) of the Act on the Registration and Management of Family Relations, etc. as of the day before the date of death. <Newly established on Jan. 1, 2013, Dec. 24, 2018, Dec. 31, 2019, Dec. 31, 2022>

In this Section and Section 10-4, "single-person household," "one-income household," and "two-income household" have the following meanings. <Newly established on Jan. 1, 2014, Dec. 20, 2016, Dec. 19, 2017, Dec. 31, 2019, Dec. 29, 2020, Dec. 28, 2021, Dec. 31, 2024> 1. Single-person household: A household without a spouse, dependent children, or lineal ascendants falling under subparagraph 2(b). 2. One-income household: A household falling under any of the following: a. A household where the spouse's total salary, etc. under Article 3 is less than 3 million won. b. A household with dependent children without a spouse, or a household with lineal ascendants (including the lineal ascendants of a deceased former spouse, and including the spouse of the lineal ascendant if the lineal ascendant has remarried; hereinafter the same in this subparagraph) without a spouse, who meet all of the following requirements: 1) The total amount of annual income of each lineal ascendant shall be 1 million won or less. 2) They shall be cohabiting family members on the resident registration card as of the end of the relevant income tax period and shall be actually living together at the resident's address or dwelling place. However, for lineal ascendants who died before the end of the income tax period, the standard shall be the day before the date of death, and for persons with disabilities prescribed by a Presidential Decree who temporarily left their original address or dwelling place for medical treatment or recuperation, they shall be considered to have lived together. 3) They shall be 70 years of age or older. However, persons with disabilities prescribed by a Presidential Decree shall not be subject to the age restriction. 3. Two-income household: A household where the sum of the amounts in each of the following subparagraphs (excluding non-taxable income and business income, earned income, or religious income prescribed by a Presidential Decree; hereinafter referred to as "total salary, etc." in this Section and Section 10-4) during the income tax period of the resident and their spouse, each amounts to 3 million won or more: a. Income amount from business income among the subparagraphs of Article 19(1) of the Income Tax Act, as prescribed by a Presidential Decree. b. Amount of earned income from the subparagraphs of Article 20(1) of the Income Tax Act. c. Amount of religious income under Article 21(1)26 of the Income Tax Act.

The ownership date, valuation method, and other necessary matters for the property under paragraph (1)4 shall be prescribed by a Presidential Decree. <Amended on Jan. 1, 2013, Jan. 1, 2014, Dec. 20, 2016>