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Deductions Related Posts - Page 11



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Insurance on personal laptop, tax deductable?

Posted 5 July 2016

Like to find out if the insurance that you pay on laptop to use for work purposes is tax deductible?

Provident Contribution part of CTC not showing on IRP 5

Posted 5 July 2016

Dear Tax Tim

I am contribution provident fund via my employer on a monthly basis. This forms part of my CTC and does not show on my IRP 5 but shows on my YTD salary report as a contribution monthly as well as on my payslip. Can I claim a tax refund from this and if so how do I do it.

Can freelance stylist claim back 25% tax deducted form her income?

Posted 5 July 2016

Hello, I've been working as a freelance stylist in the Film industry for the past year, and around 25% tax has been deducted from each pay check. How do I go about getting a tax return?

Home Office Deduction

Posted 4 July 2016

Hi, I work mostly from home, what information needs to be on the letter from my employer?

Do I submit one tax return or two?

Posted 4 July 2016

I received a final salary payment in March 2016 (where PAYE etc was deducted) and the same month began earning income as an independent contractor from a variety of clients. When I submit my first provisional tax return in 2016, do I include the March 2016 Salary payment I received, or do I submit a separate income tax return in 2017 for that income?

IRP5 not showing Code 3701

Posted 4 July 2016

I receive Travel Allowance monthly and on my IRP5 it does not show as Code 3701 but rather showing as 3703. How does one go about with this issue as this Allowance shows on my payslip and added to gross earnings and thus taxed.

Is life insurance to secure a bond tax deductable?

Posted 4 July 2016

Are bond insurance premiums tax deductible? This is in relation to rental properties where banks or financial institutions require bond insurance to cover the bond. Is this amount tax deductible as an expense to generating the rental income?

Estimated refund before T-Filling

Posted 4 July 2016

Can I see an estimate of my return before submitting through T-Filling

I need to know my tax refund

Posted 4 July 2016

Calculate my tax refund plz

Treatment of a provident fund lump sum payout in a provisional tax return (IRP6)

Posted 3 July 2016

If one is not of retirement age and receives a provident fund lump sum payout in the 2015/16 tax year - net amount after tax is deducted - how is this amount treated in a provisional tax return (IRP6) i.e.
- Is the amount included in a provisional tax return (IRP6)?
The IRP6 provisional tax return only has one block to enter taxable income in. If the provident fund payout is included in the taxable income block (with other taxable income) tax will be calculated on the full amount at t...

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Code 3713 and 3703

Posted 2 July 2016

I get my Car Payment Private Petrol and Car Payment Insurance from my Employer under source code 3713. Can I claim against this on my Tax return? and if so under what?

Why do I have to pay SARS?

Posted 2 July 2016

I have submitted by tax return, but I owe SARS R1200, why do owe I them money? I am a straight salaried employee who has no other income/expenditure, etc.

Can I submit my IRP5?

Posted 2 July 2016

it's my first time, I resign last year can I submit my IRP5?

Health saver deductable?

Posted 1 July 2016

I have medical aid with momentum. I received my medical aid tax information sheet from momentum. But I also have the voluntary health saver plan of which I pay monthly. I received a separate tax information sheet from my health saver too. Do I combine these two figures together when submitting to SARS (for expenses not covered by medical aid)?

Should I only complete source code 4020 if my medical aid contributions is already on my IRP5?

Posted 1 July 2016

If my medical aid contributions is already on my IRP5 under source code 4005 and 4474. Should I leave sorce code 4040 and only complete 4020 for expenses not paid via my medical aid?

Explanation of source codes 4040, 4020 and 4022

Posted 1 July 2016

Can you explain source codes 4040, 4020 and 4022 on the tax return.

Why is my refund a lot less than the calculator

Posted 1 July 2016

Have submitted my tax with TaxTim, but just want to check if it is better to submit including expenses (Fuel, oil, etc) as I left it blank?
Why is my travel allowance tax return on Taxtim calculator very high, but when I did the calculation on SARS it works out a lot less?

Does Taxtim file on my behalf?

Posted 1 July 2016

Do you actually do the tax returns on behalf of me? so I just have to submit the correct documents to you?

Admin penalty due

Posted 1 July 2016

I am really worried about an sms I got from SARS saying I have an admin penalty!- I have not submitted a return since 2013 because I didn't think I needed to and had no deductions. What can I do and how much will it cost for you to get all of it in order soon?

Can you claim back a monthly contribution paid towards health insurance?

Posted 30 June 2016

I pay R1900 monthly for me and 3 dependants on a health insurance. Can I claim these contributions back on my tax return as a out of pocket expense?

Is TaxTim costs tax deductable?

Posted 30 June 2016

Is the price I pay for TaxTim for a single assessment or is it renewable yearly? Secondly, can I claim the price back as a deduction, as I would if I used a tax consultant (whose fees are deductable)?

Can we claim for our Rates Account?

Posted 30 June 2016

Our bond is in my name and so is our municipal rates account. Am I allowed to claim for the Rates payments from SARS? I am a normal individual tax payer

Can I fole if I am unemployed?

Posted 30 June 2016

Hi I was retrenched last year in August and got another job in November the 1st and resigned in January. I have been unemployed since then, can I claim tax return even if I'm unemployed?

Tax return submission 2014/2015 finalised without disability declared

Posted 30 June 2016

My son has been moderate to severe disability and met the criteria since September 2014. Submitted al extra medical expenses on my tax return but never declared the disability. Can this be reviewed?

Is there a limit on refreshments for a sole proprietor?

Posted 29 June 2016

What am I allowed to deduct as a sole proprietor for refreshments? Is there a limit per day or per month I can deduct for lunches, breakfast and dinner?
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Blog Categories


TaxTim
can help
you file your
Tax return!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started