The basic living expense per person for 2024 is NT$210,000.
The National Taxation Bureau of the Central Area, Ministry of Finance states that the basic living expense per person for 2024 is NT$210,000. This represents an increase of NT$8,000 from 2023. The amount is calculated based on 60% of the median disposable income per person of NT$349,359 for the previous year 2023 announced by the Directorate-General of Budget, Accounting and Statistics, Executive Yuan. This amount will apply to the 2024 individual income tax to be filed in May 2025.
Explaining further, if the basic living expense for a household (calculated as NT$210,000 multiplied by the number of household members) exceeds the sum of the exemption and deductions specified in the Income Tax Act (including standard deduction or itemized deductions, special deduction for savings and investment, special deduction for disability, special deduction for educational tuition, special deduction for pre-school children, special deduction for long-term care, and special deduction for rent for housing), the difference can be used as an additional deduction from the gross consolidated income.
If you have any questions, please call our toll-free service number 0800-000321 for consultation, and we will do our best to serve you.
Contact person: Individual Income, Estate and Gift Tax Division, Ms. Ku
Tel: (04)2305-1111 ext. 2221.
Reference URL：https://www.mof.gov.tw/Eng/singlehtml/f48d641f159a4866b1d31c0916fbcc71?cntId=40772907dd4b4678a308fea54dc82039