Monthly Rent Tax Credit Requirements Table: Income, Housing, Household (Restriction of Special Taxation Act Article 95-2)

A blank RENT RECEIPT form with fields for receipt number, date, tenant, property address, rent for, paid by, received by and notes, next to an empty ELIGIBILITY table with columns for category, requirement, document, status and remarks, on a dark desk.

Requirements table. Income, housing, household.

Checked: 2026-08-18. Current Act [effective 2026. 1. 1.] [Act No. 21223, 2025. 12. 23., partial amendment]. Enforcement Decree [effective 2026. 7. 1.] [Presidential Decree No. 36423].

This post covers Korean income tax law; the linked statutes and National Tax Service sources are in Korean.

1. The boxes this post covers: the National Tax Service income, housing and household requirements table

The boxes this post covers are income, housing and household, which the National Tax Service and the statutes place in the same table.

Inquiries: the year-end settlement comprehensive guide on the National Tax Service website, National Tax Consultation Center 126. (S3)

Official name: tax credit for monthly rent

The search term "monthly rent tax credit" and the statutory name "tax credit for monthly rent" are placed side by side. This box is not mixed with income deductions.

Box	Original	Source
Title in the Act	Article 95-2 (Tax Credit for Monthly Rent)	S1
Search term	Monthly rent tax credit	—
National Tax Service notation	Monthly rent tax credit (Restriction of Special Taxation Act §95-2)	S2, S3
Title in the Enforcement Decree	Article 95 (Monthly Rent Tax Credit)	S4
Current Act	[effective 2026. 1. 1.] [Act No. 21223, 2025. 12. 23., partial amendment]	S1
Article newly inserted	2014.12.23.	S1

Basis: Restriction of Special Taxation Act Article 95-2 / Enforcement Decree Article 95

The basis is Article 95-2 of the Restriction of Special Taxation Act. The detailed housing and household boxes are in Article 95 of the Enforcement Decree. (S1, S4)

What this post does not cover (one line)

Refund calculation examples, the reform proposal as a main table, old figures, and the main pieces of issues 12, 14, 15, 16 and 10 are not boxes in this post.

2. Requirements table: income

Year label: current (Act effective 2026. 1. 1., Act No. 21223). The income, rate and 10 million won monthly rent figures are in the main text of paragraph 1. (S1)

Total salary of 80 million won or less, excluding comprehensive income over 70 million won

Box	Current original	Source
Eligible income	A worker with earned income whose total salary for the taxable period is 80 million won or less	S1, S2
Exclusion by comprehensive income	Excluding a person whose comprehensive income added up when calculating the comprehensive income tax base for the taxable period exceeds 70 million won	S1, S2
National Tax Service one-liner	Workers with total salary of 80,000,000 won (comprehensive income of 70,000,000 won) or less	S2
National Tax Service one-liner (together with no home)	Workers who are heads of a household without a home as of the last day of the taxable period (12.31.) and have total salary of 80 million won (comprehensive income of 70 million won) or less	S3

The 17% band: total salary of 55 million won or less, excluding comprehensive income over 45 million won

The rate and limit are in one table with income. The 1.7 million won and 1.5 million won figures are written only as table cells.

Income band (worker)	Credit rate	Limit on eligible monthly rent	Tax limit written by the National Tax Service
Total salary of 55,000,000 won or less, and excluding those with comprehensive income over 45,000,000 won	17/100	10 million won (any excess is deemed not to exist)	10 million won × 17% = 1.7 million won
Eligible persons not covered by the 17% above (total salary of 80 million won or less, excluding comprehensive income over 70 million won)	15/100	10 million won	10 million won × 15% = 1.5 million won

Sources: S1 (rate and limit), S2 (same bands), S3 (1.7 million won and 1.5 million won).

Original parenthetical for 17%. (S1)

"In the case of a worker with earned income whose total salary for the taxable period is 55 million won or less (excluding a person whose comprehensive income added up when calculating the comprehensive income tax base for the taxable period exceeds 45 million won), 17/100"

Year label: current Act effective 2026.1.1. (the income, rate and limit figures from the 2023.12.31. amendment remain in the article)

The income, rate and 10 million won limit are figures that entered the article through the 2023.12.31. amendment. They remain in the current Act [effective 2026. 1. 1.], Act No. 21223. (S1)

Faithful business operators and those subject to faithful filing confirmation: Article 122-3(3), one table box

Kept in a separate box from the main table for workers. (S6)

Box	Original
Article	Restriction of Special Taxation Act Article 122-3(3)
Eligible persons	A faithful business operator whose comprehensive income added to the comprehensive income tax base for the taxable year is 70 million won or less, or a business operator subject to faithful filing confirmation under Article 70-2(1) of the Income Tax Act who has submitted a faithful filing confirmation
Payment deadline	When the monthly rent under Article 95-2 is paid up to the taxable year that includes December 31, 2026
Rate	15/100 (17/100 for comprehensive income of 45 million won or less)
Limit	Monthly rent in excess of 10 million won is deemed not to exist

3. Requirements table: housing

Enforcement Decree Article 95. (S4)

National housing size (Housing Act Article 2, subparagraph 6) or a standard market price of 400 million won or less

Box	Locked original	Source
Size and value	The home must be of national housing size under Article 2, subparagraph 6 of the Housing Act, or have a standard market price of 400 million won or less	S4
Definition of national housing size	A home whose exclusive residential area is 85 square meters or less per unit or per household (in eup or myeon areas that are not urban areas, excluding the capital region under Article 2, subparagraph 1 of the Seoul Metropolitan Area Readjustment Planning Act, a home whose exclusive residential area is 100 square meters or less per unit or per household)	S5
National Tax Service one-liner	A home (including officetels and gosiwon) of national housing size (85㎡ or 100㎡) or smaller, or with a standard market price of 400 million won or less as of the contract date	S3
Tailored guide	A home of national housing size (85㎡) or with a standard market price of 400 million won or less (including residential officetels and gosiwon)	S2

Original text including officetels and gosiwon

Box	Locked original	Source
Officetels	Includes officetels under Article 4, subparagraph 4 of the Enforcement Decree of the Housing Act …	S4
Gosiwon	Includes facilities of the gosiwon business under Annexed Table 1, subparagraph 4, item (geo) of the Enforcement Decree of the Building Act	S4

Multi-household houses use exclusive area per household; land multiplier for attached land

Box	Locked original	Source
Multi-household houses	If the home is a multi-household house, the exclusive area per household is the basis	S4
Attached land	5 times for land in urban areas, 10 times for other land	S4

Address on the lease contract = address on the certified copy of resident registration

Box	Locked original	Source
Matching address	The address on the lease contract and the address on the certified copy of resident registration must be the same	S4, S2, S3

Name on the contract: the resident or a person eligible for the basic deduction

Box	Locked original	Source
Name on the contract	The resident, or a person eligible for the basic deduction of the resident under Article 50(1)2 and 3 of the Income Tax Act, must have signed the lease contract	S4
Scope of monthly rent	Monthly rent paid (including sagulse, prepaid lump-sum rent)	S4
Calculating monthly rent	Calculated by dividing the total monthly rent payable during the lease period on the lease contract by the number of days in the lease contract period, and multiplying by the number of lease days in the taxable period	S4

Lease deposit: no cap in this article (the box says "not applicable")

Box	Locked original	Source
Lease deposit cap	Not applicable	S1, S4

Article 95-2 of the Restriction of Special Taxation Act and Article 95 of the Enforcement Decree have no provision limiting the lease deposit. This is not merged with the deposit limit for the jeonse loan income deduction.

Multi-child 100㎡: only boxes where the amended Enforcement Decree text was confirmed

Box	Paragraph and subparagraph of the current Enforcement Decree	Notes
Multi-child 100㎡		Footnote. Main table left blank

Note on multi-child households: the main table is locked blank. The current Enforcement Decree has a paragraph and subparagraph for it. The paragraph and subparagraph numbers are not put in the main table. (S4)

4. Requirements table: household

No home as of the last day of the taxable period (12.31.)

Box	Locked original	Source
Timing of having no home	Not owning a home as of the last day of the taxable period	S1
National Tax Service	A worker in a household owning 1 or more homes as of '25.12.31. … cannot receive the monthly rent tax credit	S3

Household as prescribed by Presidential Decree (the same household even if the spouse lives separately)

Box	Locked original	Source
Head of household principle	The head of a household as prescribed by Presidential Decree	S1
Scope of the household	The resident and the resident's spouse; lineal ascendants and descendants (including their spouses) and siblings who share a livelihood with the resident at the same address or residence, and lineal ascendants and descendants (including their spouses) and siblings of the spouse. The resident and the resident's spouse are deemed the same household even if they live separately.	S4
Foreigners	Includes foreigners as prescribed by Presidential Decree. Enforcement Decree Article 95(4): a foreigner registered under the Immigration Act or an overseas Korean who has reported a domestic place of residence + the spouse and cohabiting family members have not received the related deductions	S1, S4

Household member exception: when the head of household does not receive the deductions under this paragraph, Article 87(2), or Article 52(4) and (5) of the Income Tax Act

Box	Locked original	Source
Household member exception	A member of the household, if the head of household does not receive the deductions under this paragraph, Article 87(2) and Article 52(4) and (5) of the Income Tax Act	S1
National Tax Service on household members	Household members are also eligible if the head of household has not received the housing fund deduction or the monthly rent tax credit	S3
Tailored guide	The head or a member of a household without a home (if the head of household has not received housing-related deductions)	S2

Only the article numbers are written. Article 87(2) = income deduction for housing subscription savings. Income Tax Act Article 52(4) = income deduction for principal and interest repayments on housing lease loans. Article 52(5) = income deduction for interest repayments on long-term mortgage loans.

Paragraph 2, weekend couples (newly inserted 2025.12.23., effective 2026.1.1.): original text + combined limit of 10 million won

Box	Locked original	Source
Paragraph 2, weekend couples	The spouse of a head of household who has received the tax credit under paragraph 1 may additionally receive it if the spouse meets all of the following subparagraphs. 1. Meets all the deduction requirements of paragraph 1 2. Meets the requirements prescribed by Presidential Decree, such as having a different address from the head of household. If the combined monthly rent of the head of household and the spouse exceeds 10 million won, the amount obtained by subtracting the excess from the spouse's monthly rent (zero if negative) is the eligible amount. <Newly inserted 2025.12.23.> Act effective 2026.1.1.	S1; paragraphs 2–4 reproduced at: https://www.nhis.or.kr/lm/lmxsrv/law/lawLinkContentView.do?LINKCODE=c009500200&SEQ=810
Enforcement Decree: spouse's cohabitants without a home	Lineal ascendants and descendants etc. (the lineal ascendants and descendants and siblings of the head of household and of the spouse, respectively) who share an address with the spouse of the head of household receiving the credit must not own a home as of the last day of the taxable period	S4
City, county and district requirement		Delegated by paragraph 2 of the Act / Enforcement Decree needs checking
Starting point under the paragraph 2 addenda

The Act delegates the city, county and district wording to "the requirements prescribed by Presidential Decree, such as having a different address". The main table is locked blank. The current Enforcement Decree has a paragraph and subparagraph for it. The paragraph and subparagraph numbers are not put in the main table.

The starting point under the addenda for monthly rent covered by paragraph 2 (whether it covers payments on or after 2026.1.1.) awaits confirmation of the addenda article → main table left blank.

National Tax Service original: move-in registration and actual residence. Not applicable if you do not have your resident registration at the rented home

National Tax Service original. (S3)

It cannot be received if you did not file a move-in report for the home rented on monthly rent, so that the address on the resident registration differs from the address on the lease contract.

If the worker does not actually live there, the tax credit cannot be received regardless of whether monthly rent was paid.

If parents rent an officetel for a child studying in another region and the parents live in a different region, it does not apply. (S3)

5. Rate and limit table (boxes of the same requirements table)

15% / 17%: one table with the income bands

The rate and limit boxes are the same as the income table in section 2.

Monthly rent limit of 10 million won

If the monthly rent exceeds 10 million won, the excess is deemed not to exist. (S1)

Tax limit cells written by the National Tax Service: 10 million won × 17% = 1.7 million won, 10 million won × 15% = 1.5 million won. Table cells only. (S3)

The 2026 tax reform proposal (not enacted) is not put in the main table

Figures from the unenacted reform proposal are not placed in the main table.

6. Overlaps: only the lines in the originals

Only three lines are written.

1. Parenthetical in paragraph 1: one person per household. If the head of household receives the monthly rent credit (this paragraph), housing subscription savings (Article 87(2)), housing lease loan (Income Tax Act §52④) or long-term mortgage (Income Tax Act §52⑤) deduction, household members are not eligible under this article. (S1) Paragraph 2 is the exception to that.

2. National Tax Service original. (S3)

"If a worker with total salary of 80 million won or less takes out a housing lease loan and repays principal and interest while also paying monthly rent at the same time (e.g. semi-jeonse), both the income deduction for principal and interest repayments on the housing lease loan and the monthly rent tax credit can be applied."

3. Enforcement Decree of the Restriction of Special Taxation Act Article 121-2(6)11: monthly rent for which a tax credit was received under Article 95-2 of the Act is excluded from the credit card etc. spending income deduction. (S7)

7. Where to apply: one line on the route

The deductions under paragraphs 1 and 2 apply when the resident applies as prescribed by Presidential Decree. (Paragraph 3) (S1)

Box	Locked original	Source
Year-end settlement channel	Earned income earners attach supporting documents for income deductions and tax credits and submit them to the withholding agent (their company, etc.)	S9
3 documents	① certified copy of resident registration, ② copy of the lease contract, ③ documents proving payment of monthly rent such as bank transfer receipts and deposit slips	S2
Statement	Statement of income deductions and tax credits for monthly rent and for principal and interest repayments on housing lease loans between residents. Type codes include 6 for officetels and 7 for gosiwon	S9
No application	If the worker does not apply at year-end settlement, the worker is treated as not having applied for the special income deductions, special tax credits and the monthly rent tax credit, and the standard tax credit (130,000 won per year) applies	S9
Final return	Faithful business operators etc.: Article 122-3	S6

The Hometax click path was not found in the first pass, so it is not written.

8. 2025–2026 amendments

This is a footnote, not the main table.

Item	Status	Main table
Paragraph 2 on weekend couples newly inserted	Act No. 21223, promulgated 2025.12.23., effective 2026.1.1.	Original text in the household table
Income 80 million / 70 million, rates 15 and 17, limit 10 million won	Paragraph 1. The 2023.12.31. amendment remains in the current article	Income and rate table
Multi-child 100㎡	Main table locked blank. The current Enforcement Decree has a paragraph and subparagraph for it	Main table blank