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Medical tax credits?

Posted 24 June 2015 under Tax Questions



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Vaughn says:
15 June 2015 at 17:10

I am aged 70 retired but working again,, earn less than R11K a month, pay my own medical aid for myself and spouse. . Have no company perks. . Have always got my full paye refunded to me each year. However. I do not understand how the medical credit will affect the situation as from this year? I do not have the tax deduction of R257 for myself and the same amount for my wife as I pay our contributions by debit order each month. Would I still be refunded by SARS, or how does the medical tax credits (for over 65 from this year on work in my case?)

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TaxTimTaxTim says:
16 June 2015 at 18:36

Please read our blog on Medical Tax Credits for a better understanding and you can make use of our Medical Tax Credits Calculator to work out what your actual credit will be against any tax.


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