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Medical expenses in my return

Posted 19 November 2015 under Tax Questions


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Priya says:
18 November 2015 at 13:43

My company pays my medical aid which is reflected on my IRP5 under code 4005. I have 4 dependants on their own medical aid. I pay the contributions from my bank account. Do I add these contribution amounts to my other medical expenses for same dependants also paid out of my bank account and reflect it under code 4020? Plus do I state the number of dependants including myself as 5/month?
I am never sure how to complete this each year. Thank you

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TaxTimTaxTim says:
18 November 2015 at 19:04

You would complete 5 dependents and then add the amount to the section asking for medical aid contributions which would only include the amount you pay for them - this would be source code 4040.

The 4005 amount you would leave out as this is taken care of via your IRP5.

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Priya says:
19 November 2015 at 15:54

Thank you very much for the quick response and the details. I submitted my return today :)


TaxTimTaxTim says:
19 November 2015 at 16:08

Only a pleasure!


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