FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


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.

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



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.