I am paying for medical aid personally on a monthly basis and I would like to know how to calculate the tax return I will get for this? Do I get any? If I get a refund will it just be for medical aid or could I apply for my gap cover as well? And then how do I claim for this? Is it too late for the 2013/14 year? Could I lump two claims together in the 2014/15 year?
You can make use of our Tax refund calculator to calculate the refund for the 2014 year - the gap cover will go under Other Medical Expenses. Each year will need to be done separately. Have a look at our blog about Medical Tax Credits to understand how these credits work.
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