Written by Marc
Posted 25 June 2015
Written by Marc
Posted 25 June 2015
Written by Marc
Posted 24 June 2015
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...
Written by Marc
Posted 24 June 2015
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...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
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...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
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...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
I am a commission earner and familiar with submitting returns for petrol expenditure, medical aid and RA contributions. The only other expense that I have not claimed for is the use of my cell phone, which is used in majority for work purposes. The question is how do I prove, if audited, the allocation of phone calls that have been used for work purposes; or do I just apportion my monthly subscription fee, say R2000. 00 x0. 50 = R1,000. I just don't want to find myself in the predicament were I ...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015