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Joy says: 1 July 2015 at 19:04 Hi Taxtim. I already completed my tax return today via sars e-filing. The sars calculator shows a amount refundable to me. What I want to know is, is it correct for me to assume that I can still go ahead with this return despite of the fact that I didn't earn more than R350 000? Also I didn't change jobs, I worked for the same company for a year and 4 months but we were franchised so I have two different IRP5's from two different cc's. Also why I really want to do it because I have a really expensive medical aid and I did incur a lot of medical expenses that wasn't covered by the medical aid. (It doesn't reflect on the IRP5's but I do have accounts and prove of payments. With this information I assume I would still get some kind of a refund? Kind Regards |
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TaxTim says: 1 July 2015 at 19:15 The R350 000 threshold is incorrect, this is ONLY for one employer with one IRP5 and no other deductions or any other income at all. Since you have two IRP5s and a lot of medical expenditure, you are quite likely due a refund. So you must file in order to receive that refund! See here for do I need to file a tax return? |
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