To build up the specs, I go to the academy or buy a workbook to study and work part-time to earn living expenses. Of course, I suffer from financial difficulties every month because of the heavy tuition at the academy, but I am working hard thinking that this is all an investment for me in the future!
By the way, I heard that I can get a year-end tax adjustment for the tuition fee, so can I get a deduction too?
Can job applicants who work part-time also do year-end settlement?
Part-time jobs are income, so wouldn't I be able to do the year-end tax adjustment? To do the year-end tax adjustment, I need to check how the money I earn is classified.
Business income and other income are excluded from the year-end tax adjustment because the year-end tax adjustment is based on working income in principle. If you get paid after deducting 3.3% of the tax, it is highly likely that you are not eligible for year-end settlement because you are often classified as business income.
Then, if it's earned income, should we do 꿀알바 the year-end tax adjustment? We need to check if it's 'general or 'daily work income' among the earned income.
To find out more about daily workers who receive daily income, ﬁ Construction workers ﬁﬁ or ﬁﬁ, who are engaged in unloading work other than ﬁﬁ or ﬁ, are defined as those who have not been employed by the same employer for more than three months under the labor contract.
Payments paid to daily workers are withholding tax, which is not subject to year-end settlement and comprehensive income tax reporting because the obligation to pay taxes is terminated.
But what if you were hired by the same employer for more than three months? From the month that is 3 months old, it is recognized as general working income and year-end settlement can be made.
Can I get a deduction for the education expenses of the part-timer?
Even part-timers can do year-end tax adjustments and receive tax deductions for education expenses if they are workers who receive regular work income.
To explain the tax deduction for education expenses, it is the tax deduction for the education expenses spent by the employee for the basic deduction subject who is not subject to the age limit. 15% of the cost of education is deducted from the total income tax amount, which is easily explained by the tax cut as much as the education expenses used! (Yes!)
You can deduct the entire tax amount for the training you spent for yourself. However, not all the money spent on studying is considered educational expenses.
Among the educational expenses paid for the worker himself, △University and graduate school tuition (including nighttime graduate schools), △ vocational skills development training facility (Korea Polytechnic University, Korea Chamber of Commerce, etc.), △ part-time registration (academic banking, etc.) and △ student loan principal repayment (unity, etc.
Therefore, unfortunately, the educational expenses used in language institutes or private institutes are not included in the deduction list. But what if it is a tax deduction item for education? Download the data (education payment certificate) from the year-end settlement simplification service and submit it to the company!
You're a college student dedicated to studying for a job?
If you're still a college student and you're studying hard instead of a part-time job, your parents, who are workers, can get a deduction for your education expenses! The tax deduction for educational expenses is not subject to the age limit of those subject to the basic deduction. Your parents can deduct up to 9 million won a year for your college tuition. Wait! Graduate students are not subject to deductions.
Young people who are always struggling from getting a job to year-end settlement! Although I can't help you with the job search, I'll help you whenever it comes to year-end tax settlement or tax, so if you don't know anything, please visit my blog