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Heather says: 15 June 2015 at 16:51 SARS Website quotes the following as an explanation for Medical Tax Credits in 2015 : "An individual who is 65 and older, or if that person, his or her spouse or child is a person with a disability, 33. 3% of qualifying medical expenses paid and borne by the individual and an amount by which medical scheme contributions paid by the individual exceed 3 times the medical scheme fees tax credits for the tax year" My annual medical aid contribution is R11 684 My Tax Credit is for myself and my wife My medical expenditure not paid by my Medical Aid is R9 812 |
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TaxTim says: 16 June 2015 at 18:41 For 2015 the medical credits will be: R257*12*2 = R6 168 Then R11684 - (3*6168) = 0 Then R9 812*33.3% = 3 271 Therefore total credit is R6 168 +R3 271 = R9 439 This is the same as what was shown on our calculator. |
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