Is there a provision in the tax act which limits the amount of medical expenses (not medical aid contributions) that a taxpayer older than 65 may claim, to not more than 50% of their taxable income? I have been told this by a SARS employee in response to a query re a revised assessment disallowing some medical expenses.
A taxpayer older than 65 years old will be able to deduct all their medical expenses. However you will not be entitled to a refund which is greater than the actual taxes paid. Perhaps that is what the SARS employee was referring to.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.