Year-end tax settlement is like a bonus for office workers. The year-end tax settlement preview function for 2025 will be opened this November.
In this post, we will learn about the concept and usage of year-end tax settlement preview, as well as the major changes in the 2025 year-end tax settlement.
2025 year-end tax settlement Toss Naver pre-calculation
• What is year-end tax settlement preview?
• Toss and Naver year-end tax settlement preview
• Major changes in the 2025 year-end tax settlement
What is year-end tax settlement preview?
Year-end tax settlement preview is a service that allows you to review your current expenditures and expected deductions ahead of the year-end tax settlement season. This function helps you estimate the possibility of a refund in advance and adjust your expenditures for the remaining period to receive the maximum refund.
For example, if your credit card usage exceeds 25% of your income, you can devise a strategy to increase the deduction rate by using more check cards or cash receipts.
Year-end settlement preview period
The 2025 year-end settlement preview will be opened in early to mid-November on Hometax. This will allow you to check your consumption history from January to September in advance and adjust your spending for the remaining period of October and November.
Using this preview service will allow you to make additional preparations for income deductions or tax deductions before the full-scale year-end settlement begins in January next year.
Toss and Naver year-end settlement preview
Toss can check your year-end settlement history immediately after issuing the certificate by linking with Hometax. If you update the app to the latest version and complete the authentication, you can easily check the expected refund amount. There is also an event participation function for added fun.
2025 year-end settlement Toss Naver pre-calculation
Naver can comprehensively understand your year-end settlement history by linking your card company, bank, and insurance company information on Naver Pay. If you select year-end settlement in the Pay menu of the Naver app, you can easily check the items eligible for additional deductions, which is very useful.
2025 Year-end Settlement Toss Naver Pre-calculation
2025 Year-end Settlement Key Changes
This year, the deduction criteria have changed for several items. Let’s take a look at the changed deduction items and check how they affect the expected refund.
✔️ Monthly Rent Tax Deduction
: If your annual total salary is 80 million won or less, the monthly rent tax deduction limit has been expanded to a maximum of 10 million won.
✔️ Housing Subscription Income Deduction
: The annual deduction has been increased to a maximum of 3 million won. Long-term Housing Mortgage Interest Deduction: The deduction limit has been increased to 20 million won, and the market price standard for the deduction target house has been expanded to 600 million won.
✔️ Credit Card Usage Increase Deduction
: An additional deduction of up to 1 million won has been newly established for credit card usage that has increased by more than 5% compared to last year.
✔️ Increased child tax deduction limit
: If you have 2 children, the deduction limit has been increased from 300,000 won to 350,000 won.
✔️ Expanded scope of postpartum care expenses tax deduction
: Postpartum care expenses tax deduction benefits are provided regardless of income.
✔️ Increased standard for separate taxation of private pension income
: The tax deduction standard has been relaxed for private pension income of less than 15 million won per year.
✔️ Increased deduction rate for large donors
: A 40% deduction rate is applied to donations exceeding 30 million won.
For more detailed year-end tax settlement criteria, we recommend that you check directly on Hometax.
Go to Hometax 👉
Year-end tax settlement refund payment date Year-end tax settlement refunds are generally paid on the payday in mid-February. The process of preparing for the year-end tax settlement follows the procedure where each organization submits supporting documents to the National Tax Service in early January, and the simplified data is confirmed and reflected on the February payday.
However, the payment timing may vary depending on the company, so it is important to check in advance. When preparing for the 2025 year-end tax settlement, actively utilize the preview function to receive the maximum refund!