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Tax Info at a Glance

Tax Info at a Glance

Subject

GeneralAffairs Can I claim deductions for university tuition fees paid on behalf of my son before he was employed?

Writer

C**

Date

2024-03-13

Hits

File

Hello,

Before my child gets a job, I would like to inquire whether the university tuition fees paid by the mother can be deducted.
My son started working in August 2023, and his monthly salary is over 5 million won. Before that, in February 2023, I (mother) paid for my son's university tuition fees. However, I heard that deductions are not allowed because my son's salary exceeds 5 million won.
When my tried to claim the deduction for himself, we were told that only the amount spent during the "period of providing labor" is eligible for deduction. This seems quite unreasonable to me.

Answer

Kindly find the reply to your inquiry below:

(1) Even if the child does not meet the income requirements due to employment and is not eligible for basic deductions, parents can still claim deductions for education expenses, medical expenses, and insurance premiums incurred before the child's employment. (Income Tax Act Article 59-4, Paragraph 5)

(*) During the year, even if the individual is not eligible for basic deductions due to reasons such as marriage, divorce, separation, or employment, education expenses, medical expenses, and insurance premiums already incurred until the date of the occurrence of such reasons are eligible for tax deductions.

(*) If a wage earner incurs education expenses and wants to claim deductions, only the amount spent during the employment period is eligible for deduction. (Pre-2018-Legal Interpretation Income-0159, May 3, 2018)

If you have any further questions or need clarification, feel free to ask!

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