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Explanation of source codes 4040, 4020 and 4022

Posted 1 July 2016

Linda says:
1 July 2016 at 15:23

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

TaxTim TaxTim says:
1 July 2016 at 16:51

4040 -medical scheme contributions made by yourself and not reflected on your IRP5/IT3(a) i.e if you, in your private capacity, contributed to a medical scheme during the year of assessment

4020 - these are out of pocket medical expenses i.e. not reimbursed by your medical aid

4022 - If you or a dependant have a physical impairment the amount of expenditure must be filled in next to the code 4022, providing the expenditure was not covered by a medical scheme.

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