Do you know the IRS tax points?
People who receive salaries or own property pay taxes every year. But I’m not sure where the tax goes, and it feels like there’s no return benefit.
There are tax points you can receive if you faithfully pay these taxes. I would like to have good news for those who pay taxes every time.
Today, we will learn about the IRS tax point inquiry and how to use it.
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What is a tax point?
How to use Hometax Tax Points of the National Tax Service 좋은뉴스
What is a tax point?
A calculator
It is a system that grants points according to taxes paid by individuals or corporations and uses tax points to receive various benefits.
Tax points are given according to the tax paid by individuals and corporations, and 1 point is shown for every 100,000 won of tax paid voluntarily, but 0.3 points are shown for every 100,000 won of tax paid after receiving a bill. Conversely, if there is a tax refund, the amount of tax points will be deducted.
Tax points are granted in a lump sum in March of each year for the previous year’s tax amount, and in the case of individual taxpayers, it is granted for the previous year’s tax amount.
How to look up the tax points of the National Tax Service
Tax points can be viewed at Sontax and Hometax.
Log in to the National Tax Service Home Tax and click Tax Point Search located on the right in the ‘Inquiry/Issuance’ menu at the top.
>>View my tax points right away
You can check the points granted, used points, and unused points for each year. You can also view tax payment dates, tax items, and tax points accordingly.
How to use Hometax Tax Points of the National Tax Service
You can get various benefits provided by the IRS, please refer to the following.
1. Tax point online discount shopping mall (5% discount purchase)
Use tax points to purchase quality small business products at 5% discount
※ Log in to the Home Tax System of the National Tax Service and enter the tax point discount shopping mall
>>How to use the shopping mall
2. Exemption from tax payment security upon request for extension of payment deadline, etc.
It is possible to apply for an extension of the payment due date due to a temporary shortage of funds.
When applying for an extension of the payment deadline, etc., you can apply for a collateral exemption if the conditions for use are satisfied.
(Possessed tax points × 100,000 KRW collateral exemption)
Requirements
There must be no arrears as of the date of application
If there is no concern about tax loss by considering the fact of arrears in the last two years
In case the extension approval requirements such as payment deadline are met
How to use: Hometax Sontax login> ② Inquiry/Issuance> ③ Tax point benefits
3. Suspension of Sale of Small Delinquent Property
If you are in arrears of less than KRW 10 million, you can apply for a postponement of sale by using tax points.
(Possessed tax points × KRW 100,000 postponement of sale)
How to use: Submit an application for use and an application for postponement of seizure or sale to the tax office
4. Priority for taxpayer law classes
Priority is given to the taxpayer tax law class operated by the National Tax Officials Training Center (use of 3P)
How to use: After receiving the priority course ticket, go to the website of the National Tax Officials Training Center and take the priority course at the ‘Application for Participation in the Taxpayer Law Class’
Civil application period: Weekdays 09:00 ~ 18:00 (Lunch time: 12:00 ~ 13:00)
5. Using the Incheon International Airport Business Center
Use the business center for model taxpayers located inside Incheon International Airport (using 5P)
How to use: Visit the business center and use it after filling out the provided application form (weekday business hours)
※ 「Exemplary taxpayer-only business center」 is a benefit provided to ‘model taxpayers’ who have contributed to the national finances through sincere tax payment, but all taxpayers can use it when using tax points.