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Can I deduct financial support for my parents from my tax?

Posted 28 August 2015 under Tax Questions



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John says:
27 August 2015 at 20:10

May I deduct contributions made to support my parents expenses to pay for the old age home. His pension is about half the amount of his medical aid. We are three siblings and all pay in R3,500 per month to support their stay in a one bedroom full board stay in an old age home. He contributes what he can.

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TaxTimTaxTim says:
28 August 2015 at 9:30

You would be able to claim the amount spent on medical aid/medical expenses, but not the amount spent on their homecare unfortunately.


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