Allowable Medical Deductions

  Written by Marc   Posted 3 July 2013

My monthly medical aid premium is paid to the scheme through the company (it forms part of my cost to company) but I cover the cost 100%. The total for the year is R31 694 (for me and my son).

I have additional medical expenses not covered by my MA totaling R5 900 for the year.

2 questions:

a. Am I able to claim an allowable medical deduction?
b. where on the e-filing form would I enter them?

Extra Tax deducted

  Written by Marc   Posted 3 July 2013

I recently underwent a Tax audit last year as I haven't regularly paid taxes for a few years. SARS did the audit and siad they owed me x ammount but I also owed the y ammount. They paid out the x ammount deducting their Y ammount from the balance and all was good. The end of last year and the this year they all of a sudden started deducting R1600 off my salary for some special tax owed.This was for about six to eight months of deductions I have just been to see them to submit this years Tax form...

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May I claim my km to and from work if I get a travel allowance?

  Written by Marc   Posted 2 July 2013

I only use my car for business and to and from work.

Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?

  Written by Marc   Posted 2 July 2013

Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...

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What is the amount for the 2012/2013 "allowable medical deduction" code 4008?

  Written by Marc   Posted 2 July 2013

I would like to find out if the amount (if you are the only dependent) is still R720 p/m for the 2012/2013 tax year? Can this amount be claimed by anyone who pays medical aid?

When I use the SARS tax calculator, it shows at code 4008 an amount of R0,00?

  Written by Marc   Posted 2 July 2013

My medical aid contribution was R 24 761 inserted under code 3810, how come my allowed medical deduction is R0?

Can I claim medical expenses for 37 year old son who I have been supporting? He is not on my med ai

  Written by Marc   Posted 2 July 2013

I incurred around R4 000 medical expenses for son who is not on a medical aid or on mine. He is 37 years old and doesn't have any disabilities and is not studying. He is also unemployed since returning from overseas. All the medical documents show his name on it, however I paid for all of them via my credit card. Am I able to claim this from SARS?

AVS Bank with AVS verification pass

  Written by Marc   Posted 2 July 2013

Hi Tim, I submitted my tax return via e-filing and my banking had changed so I punched in the latest details and SARS put on an audit. I then submitted my IRP5, Bank Statement, Log Book, Medical Certificate of which are the only documents that I can claim for. The Efiling status shows - Correction Filed and and Statement of Account Balance: R -8383.55 and Statement of Account: Assessed Tax. Do you think the audit will go bad?, I ask this because the old Tax practioner that I used to use called ...

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Do I have to submit income tax forms if I have been retrenched in November 2012?

  Written by Marc   Posted 2 July 2013

I have been retrenched in November 2012 and sill have not found a job. All my debit orders until now have been paid with the money I received from my retrenchment package. These include Retirement Annuity Funds. I currently receive UIF payment into my bank account. I have paid tax when I was employed all these years. Do I still have to submit income tax forms and if I should, is the chance there that I will owe money to SARS? I have not received an IRP5 form when I left the company.

Re Medical Scheme Fees Tax Credit Code 4116 on IRP5, ITR12 & ITA34

  Written by Marc   Posted 2 July 2013

I noticed my IRP5 had a new Code 4116 Medical Scheme Fees Tax Credit which I did put in my ITR12 amounting to R5520 as we are 2 Members of my medical aid. I then noticed in my ITA34 on the Assessment page under MEDICAL DEDUCTIONS under Code 4020 I am claiming R39597 for Medical Expenses not recovered from Medical BUT then under that in Description it shows;
Medical Tax Credits X4 -R22080.00
Q - My question is why its it showing X4 ?? as that amount would mean R5520 per 2 members per...

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Number of periods worked on the IRP5?

  Written by Marc   Posted 2 July 2013

I am a contract worker and on my IRP5 it states that my number of periods worked is 365 ,which is not the case. In April 2012 my contract was finished and I was without work for a month. In May 2012 I was appointed by the same company again. Since then I have been laying off a day here and sometimes a couple of days at a time. I do not get paid for the days I do not work(as per my contract). How does all this affect my number of periods worked and what am I to do?

Can I claim back my pets medical bills from income tax?

  Written by Marc   Posted 2 July 2013

I have an English bulldog and he is on medical aid.

Does one pay tax on annual leave pay?

  Written by Marc   Posted 2 July 2013

If annual leave pay is tax deductible, I would appreciate it if you could explain how this tax is deducted.

After submitting via eFiling how long does it takes for SARS to refund you?

  Written by Marc   Posted 2 July 2013

I submitted refund via eFiling on the 01 July 2013 so I want to know how long does it takes SARS to refund me?

Do I *have* to submit additional documentation?

  Written by Marc   Posted 2 July 2013

I am a provisional taxpayer, and have been filing my returns for a couple of years. After filing my latest return, SARS says that I owe them R10, and also requested additional documentation.

Can I just pay the R10 and leave the "additional documentation"? It seems like a ton of schlep to scan all the documents, just to save on the R10!

My IT34 assessment is a negative amount, does this mean they owe me money & how long before I get it

  Written by Marc   Posted 2 July 2013

This is only my second tax return so I have no clue if I am doing things properly. Last time I had to pay SARS (I still don't understand why) and as my ITA34 reflects a negative balance I would like to know if I am going to have to fork out again or not?

Surely I should get some medical tax relief for my medical aid contribution?

  Written by Marc   Posted 2 July 2013

I earn around R640k per year. I paid R57 986 in medical contributions for the year and an extra R3406 out of pocket expenses too. I have myself and 4 dependants. It seems that I'm not getting any tax back for my medical expenditure which is really unfair

Unemployed with Medical Aid RA?

  Written by Marc   Posted 2 July 2013

I am unemployed but pay every month my medical aid have medical expenses not covered by medical aid. Also have a RA. This was all covered by my Provident Fund money.

Should I have proof of out of pocket medical expenses?

  Written by Marc   Posted 2 July 2013

I didn't keep any invoices for my out of pocket medical expenses, can I still claim on them?

Do life insurance payments fall under income protection for tax deduction purposes?

  Written by Marc   Posted 2 July 2013

I would just like to find out if life insurance payments qualify for the income protection tax benefit for tax return purposes? If not, please confirm if disability cover qualifies?

Thanks

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax yea

  Written by Marc   Posted 1 July 2013

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax year I was on my own medical aid and the total became R6780. What do I put on 4040 either amounts or do I only put R6 780. Also will my son's speech therapy be considered a total of R1 725 on 4022? When I calculate the result it shows nothing on 4008. Is this right?

Why is the source code 4008 on my ITR12 income tax return = 0?

  Written by Marc   Posted 1 July 2013

4005 = 19404.00
4474 = 19404.00
4116 = 2760.00
How come my 4008 = 0

What does "ring-fencing" mean especially in relation to property claims?

  Written by Marc   Posted 1 July 2013

When earning rental income there is a big section on your tax form to fill out. At the end of this section you specify whether it was a profit or loss (4210 and 4211). For a loss (4211) you get the option of ring-fencing with the text "Should the loss incurred be excluded (ring-fenced) for the calculation of your tax liability?"

What does this option mean? Everything I've read about it is incredibly confusing and full of legal jargon I don't understand. Under what circumstances should...

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I want to find out if we can claim expense from winding up an estate & bond transfer costs from SARS

  Written by Marc   Posted 1 July 2013

My wife passed away last year and the estate has now been wound by Old mutual Trust. The fees that I paid was -R52 000-00. OMT gave me a statement which I was said to keep for tax purposes. Can any cost be recovered from SARS? Our Property was on both our names. The property was transferred to my name and the bond was paid up. Can the transfer cost be recovered from SARS?

Allowable Deductions 2013- Medical Aid Taxable Income?

  Written by Marc   Posted 1 July 2013

I am trying to do the right thing by filing my return, but what I am getting is confusing. My total income is (3601- R555 184;3805- R75 694; 3810- R72 830; 3616- R8 175;3809- R500) = total 712 383.

When I complete my return and do a mock lation it shows I owe R1225,64. My medical aid tax credit (4116) is R9 216 - for 4 people. My question is why am I being levied R 217 093.20 (for R712 383) without any deductions especially for medcial aid contributions? There is rebate of R20 656 de...

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