I’ll give you a preview of the year-end tax adjustment.
A year has already passed, and the 13th year-end salary settlement for office workers has returned.
Depending on how the year-end tax adjustment is handled, it may be beneficial or disadvantageous.
For this reason, the National Tax Service has been providing a year-end tax adjustment preview service since October 27 to help office workers prepare for year-end tax adjustment.
In the year-end tax adjustment preview service, data will be entered from January to September, and if you put in the estimated amount from October to December, you can check whether you will receive a refund this year.
If you use the year-end tax adjustment preview service now, you can get a refund if you fill it well for the rest of December.
From now on, it is necessary to prepare for the year-end settlement carefully, so please check the refund in advance and deal with it through the year-end settlement preview service inquiry.
Preview year-end settlement and inquire about refunds.
IRS Home Page >>
IRS Home > Inquiries/Issues > Year-end Tax Settlement > Year-end Tax Settlement Preview
The year-end tax adjustment preview service allows you to check the estimated year-end tax amount that can be returned based on the amount of credit card used from January to the end of September this year.
Deductions that exceed 25% of total salary multiplied by credit card 15%, cash receipts, debit cards, check cards 30%, traditional markets, and 40% public transportation are deducted from the tax base, which is the tax base.
You can deduct more than 25% of your annual salary from the amount you used, and if you don’t exceed 25% of your total salary, it’s better to use a credit card that offers discounts and points rather than check cards for the remaining two months.
Use the year-end tax adjustment preview service
IRS Home Page >>
First, access the National Tax Service website through the above, and then access the inquiry/issuance > year-end settlement > year-end settlement preview service.
We need a joint certificate and simple authentication to log in to HomeTax, so please prepare it in advance.
HomeTax will explain in detail how to preview the year-end tax adjustment in step 1, 2 and 3.
First, you can calculate the credit card income deduction and then calculate the expected tax amount for the year-end settlement to preview the year-end settlement can be previewed.
Step 1 to step 3 in order.
First of all, please select the credit card income deduction amount in step 1.
Please click on the 2021 payment statement and credit card data.
In addition to bringing it up, you can modify your working period and total salary, and you can check the year-end tax adjustment preview by selecting whether to add or delete dependents.
as I mentionedFrom January to September, it will be automatically entered when you load credit card data, and from October to December, you can enter the estimated usage amount directly.
In addition, you can find out how much you have spent on your credit card so far through tax savings tips and precautions next to your credit card.
Through this, you can use it for the rest of the period to receive a refund, so please refer to it.
If you come to the year-end tax adjustment preview step 3, you can check the year-end tax deduction amount this year.
For your information, if there is a (-) minus in front of the number of deductible taxes, you will be refunded, and if there is only a number without a minus, you will have to pay it, so you have to plan well for the rest of December.
If there is something that has not been entered in the income deduction, you can enter the amount directly through correction.
I’ve been waiting for this.You can determine your current deduction amount through the year-end tax adjustment preview service.
Income deductions are possible if you exceed 25% of your annual salary, and if not, it would be important to spend more wisely for the rest of the year.
In the case of double-income couples, it is possible to simulate which of the couples is advantageous to receive deductions for their dependents’ credit cards, so please use it as a year-end tax adjustment preview service.
Starting this year, the year-end tax adjustment preview service will also provide customized information on easy-to-miss deductions such as monthly tax deductions, educational expenses tax deductions, and reduction of employees at small and medium-sized companies.
However, the information provided by the year-end tax adjustment preview service may be somewhat different from the actual results because it fills the amount used by credit cards from January to September this year and the year-end tax settlement last year.
As mentioned earlier, you can check the estimated tax amount for the year-end settlement more accurately by directly entering the estimated credit card usage amount from October to December and modifying the deduction amount for each item.
That’s all I’ve told you about how to inquire about refunds through a year-end tax adjustment preview.
We talked about year-end tax adjustments that office workers would be interested in.
It is a year-end settlement called the salary of 13 months, so please check the expected refund through the year-end settlement preview service and use it for the rest of the year to get a refund.