These days, many automated services are being created, and the service that helps with monthly rent refund is Jaritalk Monthly Rent. In particular, if you do not own a home, monthly rent accounts for a significant portion of your living expenses, so the government is implementing a monthly rent refund system to alleviate the burden. Even those who are unaware of the monthly rent refund system and whose monthly rent contract has ended can apply and receive a refund within 5 years if the conditions are met. If so, let’s take a look at the Jaritok monthly rent refund conditions, reviews, application method, and precautions before proceeding with the refund.
Jaritak monthly rent refund conditions and application method
The monthly rent refund system is a system in which a portion of the tax amount is deducted from the monthly rent paid by the tenant for the year. Instead of being refunded in cash, the tenant can receive the benefit of having it deducted from the tax payable. Jaritak Monthly Rent is a tax management service used by both tenants and landlords. There are a lot of documents to prepare, so you can think of it as paying a certain fee to use an agency service.
Eligible for monthly rent refund
There are two ways to receive a monthly rent refund: tax deduction and income deduction. Tax credits lower your taxes, while deductions reduce your taxes by lowering your income. In conclusion, both methods reduce taxes, but there may be differences in the target, amount, method, etc., so you should look carefully before applying. There are many eligibility conditions for tax credits, but one strategy is to apply for tax credits first because they can reduce taxes further, and if rejected, apply for income deductions with more relaxed conditions.
tax credit
Both the head and members of the household do not own a home.
Completed move-in report to current residence
Workers with a total salary of 70 million won or less
National housing size of 85㎡ or less and standard market price of 300 million won or less
income deduction
Available regardless of whether you own a home or not
No income criteria
No house size
Regardless of whether you report moving in or not
Monthly rent refund limit
Tax Deduction Limit
Up to KRW 7.5 million per year can be deducted (maximum KRW 625,000 per month)
10% with an annual salary of 70 million won or less, 12% with an annual salary of 55 million won or less
Income deduction limit
Must spend more than 25% of annual income (credit card and check card combined)
Up to 20% of total salary possible
Based on annual salary, 3 million won for those below 70 million won, 2.5 million won for those below 120 million won, and 2 million won for those exceeding 120 million won.
How to apply for a monthly rent refund (Home Tax & Jari Talk)
How to apply for home tax
See how to apply for home tax
If the landlord does not use ZariTalk or does not approve it, it may not be possible to use ZariTalk and you may have to apply through Hometax. How to apply for home tax is provided directly on JariTalk, so if you go to ‘View how to apply for home tax’, you can find out the necessary documents and how to apply directly.
How to apply for Jari Talk
Apply for Jari Talk monthly rent
ZariTalk can be used on both PC and mobile, so you can apply using the method you prefer. There are several required documents to apply through JariTalk, which can be easily prepared by including a copy of the applicant’s resident registration, cash receipt, bank transfer receipt, copy of the rental agreement, and bank transfer details.
First, if you go to ‘Apply for Jari Talk monthly rent’, you can go directly to the official site and start applying right away. Go in and select items such as landlord, tenant, etc. Once you have selected a tenant, click Start Tenant via KakaoTalk.
This is for the purpose of linking with Kakao for various authentication purposes, so just agree and continue.
You can see the phrase ‘Start of Zari Talk tenant’ and it goes into monthly rent refund and start of Zari Talk.
In the rental type, select how you are paying the monthly rent, then select the rental cost (deposit, monthly rent, monthly management fee, rent payment date), etc. and click Confirm the amount.
To apply, please provide brief information about the building you live in, select the contract start date and end date, enter the landlord’s mobile phone number, and click Done. However, you must check carefully as it is only finalized after the final landlord’s approval.
Jaritak Monthly Rent Reviews Precautions Frequently Asked Questions
Jaritak review
In fact, applying for a monthly rent refund directly is not difficult as long as you prepare the documents, so it is easy to do. However, in my case, I hate hassle the most, and it is nice to be able to easily apply for and manage a monthly rent refund. The system of monthly rent payment by card, installments available, and notification via KakaoTalk before the payment date is not a big deal, but I think it will be helpful to many people.
Zaritalk precautions
If you use ZariTalk, you may be reluctant to use it if you do not have a good relationship with your current landlord as it has the disadvantage of contacting the landlord. Additionally, if you are a landlord who does not use ZariTalk, you may not be approved, so you can apply directly through the National Tax Service’s Home Tax service.
JariTalk Frequently Asked Questions
Q. Can freelancers also receive a monthly rent refund?
A. Basically, freelancers are recognized as business income earners, not wage earners, so it is difficult to apply for a monthly rent refund. As an exception, if you work both as an employee and a freelancer, you can apply for a monthly rent refund if your comprehensive income does not exceed 60 million won.
Q. Can I receive a monthly rent refund if I am not the head of the household?
A. Yes, even if you are not the head of the household, a household member can apply for a monthly rent refund (monthly rent tax credit). However, there are some things you must check when applying for a household member. The household member must be a wage earner, pay rent, or have a home contractor. If you do not meet any of the conditions, you cannot apply for a monthly rent refund (monthly rent tax credit).
Q. Someone else paid the rent. Can I get a rent refund?
A. Unfortunately, you can only apply for the monthly rent paid in your name.