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Medical deduction 2015

Posted 17 February 2015 under Tax Questions

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Can you please tell me what will happen when I am older than 65 and have no medical aid, but do have medical expenses. What will my deduction be for the 2015 tax year if my other medical expenses R36 000 and taxable income R 350 000?

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TaxTimTaxTim says:
19 February 2015 at 10:13

You will be allowed a a 33.3% credit of your other medical expenses against the taxes owing on your income.


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