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Med deductons

Posted 23 June 2015 under Tax Q&A

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Van says:
19 May 2015 at 17:02

I am 78 years old I paid R27000. 00 medical for the year what can I deduct from my income

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TaxTim TaxTim says:
20 May 2015 at 10:30

Is this a contribution to a medical aid and if so for how many dependents?

Van says:
20 May 2015 at 14:16

it is my contribution to my med aid I am an widower

TaxTim TaxTim says:
21 May 2015 at 12:20

You will be able to claim, for the 2015 tax year - so the one we are going to file in beginning July - 257 per month against any tax paid and then a further claim of R4 888 off any taxes owing still. So in total you can reduce your taxes owing by R7 972


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