Now 1 Million Won in Cash? "Attention Newlyweds"

Let's take a look at the next useful news.

A 1 million won marriage subsidy.

The government provides a 1 million won tax credit to newlyweds.

There is news that this might instead be received as cash in the form of a subsidy.

The Ministry of Economy and Finance is scheduled to announce its tax reform plan early next month.

It is expected to include a plan to change the marriage tax credit—which provides 500,000 won per person, totaling 1 million won for couples who have registered their marriage—into a subsidy to be paid directly.

Currently, it is a method of reducing taxes.

As a result, low-income earners who have no taxes to pay do not receive the benefits.

There was also the issue of having to wait until year-end tax settlement.

Measures to directly provide cash support for childbirth and adoption tax credits, fertility treatments, and infant medical expenses are also being reviewed together.

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