Do your tax with TaxTim and WIN R10,000  T&C's apply
How do you currently do your tax?
SARS eFiling Tax Practitioner Auto-assessment New to tax

Explanation of source codes 4040, 4020 and 4022

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.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim is FREE for all Momentum & Multiply members.

Use your ID number at the payment step to claim your free TaxTim voucher

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started FREE

Blog Categories

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.