I have done a calculation of my assessment. I was under the impression I will get all my RA contributions back as a refund but I did not. Is this correct? And my extra medical expenses, where do they go?
Currently my employer pays for medical aid contribution. Will it be more tax beneficial for me to move from the group and pay it individually? I noticed SARS pays a monthly fee per dependant. Please advise, thank you.
I currently work for a company where the medical aid is paid in full by the business, however my tax is killing my net. I work on a gross of R29 537. 08 PM but only net R20 042. 21 which means I am paying almost R10000 a month in tax. According to my company, they say nothing can be done to reduce the monthly tax as it would be unlawful. I want to find out if that is true or if anything can be done to help the situation?
I have a huge amount that didn't cover by the medical aid. And I only paid quarter of that money, when doing eFiling must I put whole amount that didn't cover by medical aid or the one that a manage to pay.
I earned R254000 for the 2014-2015 tax year. My son is "disabled" and I am able to claim for qualifying disability expenditure. I see now that you need not submit a return if you earn least than 350000 for the year, however, as I am to receive a refund due to my son's status I want to submit. Why is sars doing this? As to avoid paying refunds to us lower echelon tax payers?
I have resigned from a job "A" and started a new job at "B", things did not work out as planned at "B" and I ended up returning to my old job at "A" after 6 months, I now have 3 IRP5's for tax year 14/15. Does SARS combine all (gross non retirement income) and (paye) tax from all 3 IRP5's and calculate a return amount from the totals. In other words " reflects on IRP5 non retirement income paye paid ...
I earned R408330. 00 for the year. My wife pays the medical aid. I have 2 kids. I use some of my own equipment for work purposes. I have a endowment policy for R1100. 00 pm some medicine I pay cash. I also contributed to UIF R3569. 00
SARS Website quotes the following as an explanation for Medical Tax Credits in 2015 :
"An individual who is 65 and older, or if that person, his or her spouse or child is a person with a disability,
33. 3% of qualifying medical expenses paid and borne by the individual and an amount by which medical scheme contributions paid by the individual exceed 3 times the medical scheme fees tax credits for
the tax year"
My annual medical aid contribution is R11 684
My Tax Credit is for myself and my wif...
I am aged 70 retired but working again,, earn less than R11K a month, pay my own medical aid for myself and spouse. . Have no company perks. . Have always got my full paye refunded to me each year. However. I do not understand how the medical credit will affect the situation as from this year?
I do not have the tax deduction of R257 for myself and the same amount for my wife as I pay our contributions by debit order each month. Would I still be refunded by SARS, or how does the medical tax credi...
Hello - please advise? I am being informed that because I now have a medical aid which is paid for in our own private capacity and not through employers - I am not allowed to further claim for medical expenses paid in cash due to medical aid funds being depleted? Is this correct?
Disability income was received from medical boarding from work for a few months in the tax year ending 2015. This income was taxed and the amount on the IRP5 shows only one income source code. 1. Is the disability income tax exempt or is it only from 2 March 2015 and
2. Is there a separate tax code for disability income earned.
I have a question about the SARS rebate for out-of-pocket medical expenses:
According to your blog post (https://www. Taxtim. Com/za/blog/medical-aid-tax-2014-how-sars-new-changes-affect-you), medical expenses only qualify for rebate IF medical aid contributions are greater than 4x the fixed tax credit. (Assuming the taxpayer is under 65 and not disabled. )
However, on the SARS website (http://www. Sars. Gov. Za/TaxTypes/PIT/Pages/Additional-Medical-Expenses-Tax-Credit. Aspx), under Examples 2...
On my IRP5, no tax was deducted during the year. I did work only part of the year, as I was very ill. My income per month is above the threshold, but the employer took it over a year. I do have a lot of medical expenses paid out of my pocket. Can I claim from SARS?
I changed medical aid schemes at the end of December 2014 from Sizwe to Discovery. I had a 3 month waiting period where I still had to pay our contributions (my employer too), but I enjoyed no benefits in January and February 2015. Will I get something back from SARS for this?
Hi, I am not on a medical aid, but have paid privately to have some tests done and have also paid a fee at a state hospital according to my earnings. If I have the receipts do these count as deductions?
I am married in community of property. My wife and I had a baby in February. There were quite a few accounts we had to pay cash. The medical aid is in my wife's name. Are we able to claim the medical expenses we paid out of our own pocket after February but the accounts are in February. Also can I claim some of the medical expenses we paid out for the birth of my son instead of my wife claiming as I am not on the medical aid and do not have any medical expenses. I paid the amounts as my wife had...