"Calculate Your Refund"... 'Year-End Tax Settlement Simplification Service' Launches on the 15th

Deduction Data Provided for 45 Items Including Medical Expenses and Education Payments
Pilot Operation of "AI Chatbot Consultation"
Final Confirmed Data Available from January 20

The "Year-End Tax Settlement Simplification Service," which allows users to view all necessary income and tax deduction certificates for year-end tax settlement at once, will be launched on January 15.

An official from the National Tax Service stated, "To respond to workers' inquiries quickly and accurately, we have improved the quality of our artificial intelligence (AI) phone consultation service and will also pilot a generative AI chatbot consultation." The official added, "We will provide a more precise list of dependents who exceed the income threshold so that workers do not mistakenly claim deductions for ineligible dependents due to errors or misunderstandings."

The Year-End Tax Settlement Simplification Service provides a total of 45 types of documents, including credit card spending records, to help workers conveniently complete their year-end tax settlement. In particular, this year, to ease the inconvenience faced by people with disabilities who have difficulty visiting institutions in person to obtain certificates, the service newly offers proof of use for developmental rehabilitation services and personal payment data for disability activity support benefits.

Starting this year, the National Tax Service will provide a more precise list of dependents who exceed the income threshold. To prevent workers from mistakenly claiming deductions for dependents who exceed the income limit, information on dependents whose income exceeds 1 million won (or 5 million won in total salary if they have only wage income) will be displayed on the data inquiry screen of the Year-End Tax Settlement Simplification Service. Last year, the determination of exceeding the income threshold was based only on income for the first half of the year, but this year, the list will be more accurate by reflecting business, other, retirement, and capital gains income reported up to October. The National Tax Service will fundamentally exclude data for dependents who exceed the income threshold or who passed away before December 31, 2024, from the Year-End Tax Settlement Simplification Service, ensuring workers can complete their year-end tax settlement without errors.

AI phone and chatbot consultations are available at any time for inquiries. The National Tax Service has improved the service quality by analyzing previous consultation records and reflecting updates to year-end tax settlement regulations to provide more accurate answers to workers' questions. By entering their resident registration number and verifying their identity, workers can receive personalized guidance from the AI consultant, such as the status of bulk-provided simplified data and the consent status for dependents' simplified data provision. This year, in addition to AI phone consultation, a generative AI chatbot consultation will also be piloted.

The finalized data will be available starting January 20. The final confirmed data, which reflects any additional or revised information, will be provided from that day, so using the finalized data will allow for a more accurate year-end tax settlement.

If medical expenses are not found or differ from the facts in the Year-End Tax Settlement Simplification Service, they can be reported to the "Unlisted Medical Expenses Reporting Center" by January 17. Accordingly, any additional or revised data can be checked from January 20. For expenses such as preschool children's academy fees, monthly rent, or donation receipts that are not provided or are missing from the Year-End Tax Settlement Simplification Service, you can obtain the documents directly from the issuing institution and submit them to your company to claim the deduction.

An official from the National Tax Service said, "The year-end tax settlement simplification data is collected in bulk from issuing institutions so that workers can conveniently gather the documents needed for income and tax deductions. However, workers themselves must check whether they meet the requirements for deductions." The official added, "If you falsely claim deductions using fake donation receipts or similar documents, you may face unexpected tax disadvantages after future audits. Therefore, we urge you to thoroughly check the deduction requirements and report honestly during your year-end tax settlement."