Spouse Deductions

My spouse has 19 million won in interest income, is it possible to deduct my spouse?

Yes, it's possible.

Interest and dividend income are taxed separately up to 20 million won or less, so When calculating the annual income amount, it is judged by excluding non-taxable and separate taxable income.

Therefore, if your spouse's financial income (interest and dividend income) is less than 20 million won, you can receive a spouse deduction.

Any questions, please send me an email to jz@taxjz.com