Earned Income Tax Credit Application, Deadline Today (June 2nd)! Check 'Relaxed Eligibility' and Be Sure to Apply (Reduced Amount if Missed!)

'Earned Income Tax Credit', a key program for the livelihood stability of low-income workers and self-employed households! The regular application deadline for 2025, **June 2nd (today)**, is approaching. Especially this year, the eligibility requirements have been relaxed, so many people who were not eligible last year are now qualified, making it essential to check and apply!

Failing to apply within the regular application period can result in disadvantages such as delayed payment and a reduced amount of the tax credit. Let's learn about the application eligibility and requirements for the 2025 Earned Income Tax Credit, and simple ways to apply.

2025 Earned Income Tax Credit Regular Application, Today (June 2nd) is the Last Day!

• Application Deadline: **Until 6 PM on Monday, June 2nd (today)**
• Administering Body: National Tax Service
• Program Purpose: To provide practical assistance to workers and self-employed households who work hard but have low income and face financial difficulties, encouraging labor and helping with income redistribution.

If you do not apply by the deadline, the payment period may be delayed and the amount of the tax credit may be reduced, so it is crucial to complete the application by the deadline today.

Who Can Apply? Check the 'Relaxed' Eligibility Requirements for 2025!

To apply for the Earned Income Tax Credit, you must meet all household composition, income, and asset requirements. This year, the eligibility requirements have been relaxed, allowing more people to receive benefits.

1. Household Composition Requirements (As of December 31, 2024):

• Single Household: A household without a spouse, dependents, or direct ascendants aged 70 or older.
• Single-Income Household: A household with at least one of a spouse, dependents, or direct ascendants aged 70 or older (spouse's annual gross income is less than 3 million KRW).
• Dual-Income Household: A household where the applicant's and spouse's respective gross incomes are 3 million KRW or more.

2. Income Requirements (2024 Annual Income):

• Gross income must be below the standard income amount based on household composition.
  • Single Household: Less than 22 million KRW
  • Single-Income Household: Less than 32 million KRW
  • Dual-Income Household: Less than 38 million KRW

3. Asset Requirements (As of June 1, 2024):

• The total assets of all household members must be **less than 240 million KRW** (including housing, land, buildings, deposits, cars, etc.).
• Debts are not deducted from assets.

※ Note: Many people who were not eligible last year have become newly eligible this year due to the relaxation of eligibility requirements. If you received a notification text from the National Tax Service, be sure to check and apply!

How to Apply for Earned Income Tax Credit? Use the Simple 'Hometax'!

You can easily apply for the Earned Income Tax Credit through the National Tax Service Hometax website or the SonTax mobile app.

1. Using the Mobile App 'SonTax':

• Install and run the 'SonTax' app on your smartphone.
• Log in using a public certificate or simple authentication, etc.
• Find the 'Earned Income Tax Credit' menu and proceed according to the application guide.

2. Using the Hometax Website:

• Access Hometax (www.hometax.go.kr) on your PC.
• Log in using a public certificate or simple authentication, etc.
• Find the 'Earned Income Tax Credit' menu on the main screen and follow the application procedure.

※ Tip: It is advisable to check your income and asset criteria in advance, and if you received a notification message, carefully review its contents before deciding whether to apply.

Disadvantage of 'Reduced Amount' When Applying After Deadline... Don't Miss It!

Even if you cannot complete the application by the regular application period today (June 2nd), **'late application' is possible**. However, in this case, the following disadvantages may occur, so be cautious.

• Delayed Payment Time: The payment time for the tax credit will be later than for those who applied during the regular period.
• Tax Credit Reduction: The calculated tax credit amount will be reduced by 10%.

Therefore, to avoid these disadvantages, it is **very important to complete the regular application by the deadline today (6 PM).**

Concluding Remarks

The deadline for regular application for the 2025 Earned Income Tax Credit is today (June 2nd)! This year, the eligibility requirements have been relaxed, opening up opportunities for more people to receive benefits. This is a program that provides practical assistance to low-income workers and the self-employed, so if you are eligible, be sure to apply by the deadline to receive the benefits without disadvantages.

Have you completed your Earned Income Tax Credit application? Or if you know someone who is eligible, please inform them! What are your thoughts on the positive impact the Earned Income Tax Credit program has on our society? Let's discuss it together in the comments!