To receive the Earned Income Tax Credit (EITC) based on 2025 income, applicants must meet both the income criteria by household type and the asset requirements for all household members. According to the provided application requirements, the eligible recipients, household types, and income and asset criteria are summarized below.

■ Eligible Applicants and Number of Recipients The EITC is available to residents and their spouses with earned, business, or religious income in 2025, and payment is limited to one person per household. Household member requirements are assessed as of December 31, 2025, while assets are assessed as of June 1 of the same year.

■ Three Household Types: Single, Single-Earner, and Dual-Earner Household types are divided into single, single-earner, and dual-earner households.

• Single household: A household with no spouse, no dependents under 18, and no direct ascendants aged 70 or older.
• Single-earner household: A household with a spouse whose total wages and salaries are less than 3 million won, or with dependents or direct ascendants meeting the requirements.
• Dual-earner household: A household where both the applicant and spouse each have total wages and salaries of 3 million won or more.

Dependent children must be born on or after January 2, 2007, and direct ascendants must be born on or before December 31, 1955, with each having an annual income amount of 1 million won or less.

■ Income Criteria by Household Type: Under 22 Million Won for Single, 32 Million Won for Single-Earner, 44 Million Won for Dual-Earner The couple's combined annual total income criteria for the EITC are: less than 22 million won for single households, less than 32 million won for single-earner households, and less than 44 million won for dual-earner households.

Total income includes not only earned, business, and religious income but also interest, dividend, pension, and other income, while tax-exempt income, retirement income, and capital gains are excluded. Business income is calculated by applying industry-specific adjustment rates to gross revenue.

In particular, note that 'total wages and salaries,' which distinguishes dual-earner status, and 'total income,' which determines eligibility, differ in the scope of income included.

■ Asset Criteria: Under 240 Million Won, 50% Payment if Assets Are 170 Million Won or More The combined assets of all household members must be less than 240 million won, and debts are not deducted. If assets are 170 million won or more but less than 240 million won, only 50% of the credit is paid.

Assets subject to assessment include real estate, passenger vehicles, pre-sale rights, jeonse (housing lease) deposits, deposits, stocks, and membership rights. For housing jeonse deposits, the lesser of the actual deposit and the deemed deposit amount set at 55% of the standard market value applies; if the actual deposit is smaller, applicants may submit the lease agreement to have it reflected. For commercial properties, the actual deposit applies.

■ Pre-Application Checklist and Points of Confusion Before applying, applicants should first confirm their household type, then check the couple's combined income and the total assets of all household members in order. Even if the income criteria are met, exceeding the asset criteria results in exclusion, and the payment amount may be reduced depending on asset size.

Additionally, the child tax credit's combined total income criterion of less than 70 million won should not be confused with the EITC criteria. Specific application periods and individual payment eligibility must be confirmed through the National Tax Service's official guidance for the relevant year.

[Some AI assistance was used in the writing process. The information provided is for reference only, and actual eligibility and payment amounts may vary according to the National Tax Service's official guidance and review results. This publication bears no legal or financial responsibility for the use of this information.]