What do medical aid tax credits on my IRP5 mean?

  Written by Marc   Posted 28 July 2013

My IRP5 reflects an amount under tax credits. The code is 4116. I'm being told this is for medical aid tax credits. When I log into my eFiling. All amounts from my IRP5 are already prepopulated except that amount on my IRP5 for code 4116. Do I copy that amount over to my return before submitting?

Help completing my income tax return?

  Written by Marc   Posted 28 July 2013

I have futures and share trading accounts. I have all data for completing my return, but have no idea how to complete the return.

How long does it take for refund if required to attach documents?

  Written by Marc   Posted 28 July 2013

I did my efiling on the 23 July and expect a refund. I was asked to attach documents, medical aid and IRP5 and it was selected for auditing. How long does it take to be deposited the money?

is 5% above your gross medical expenses still deductable?

  Written by Marc   Posted 27 July 2013

is 5% above your gross medical expenses still deductable?

WHERE DO I FIND HIS TAX REF NR ON HIS IRP5?

  Written by Marc   Posted 27 July 2013

I AM TRYING TO COMPLETE MY HUSBANDS TAX RETURN ON EFILING BUT THEY KEEP ON TELLING ME THE TAX REF NR IS NOT CORRECT

Bonus, back pay and incentives under income code 3601

  Written by Marc   Posted 27 July 2013

Dear TaxTim

If you have received incentives and a prosperity bonus within the year, can you claim that back from tax? My employer has added my over pay, back pay, incentives as well as the prosperity bonus under the income code of 3601.

Must I inform SARS about having had children?

  Written by Marc   Posted 27 July 2013

I registered before having children long ago but now I have two. Must I inform SARS about the responsibility I have now and how it'll change my monthly tax from my salary?

Should I bring my IRP5 to SARS branch?

  Written by Marc   Posted 26 July 2013

I went to a SARS office and I didn't have my IRP5 with me, but they asked me for my I.D. They checked for me on the system and they gave me my Tax number. I received 2 smses on my cellphone thanking me for filling my 2012 and 2013 tax return and they also stated the amount due to me. The lady that helped me said I should wait for a mail that will be sent to me via post by SARS and then I should come back to confirm my account details. So I just want to know if I should bring my IRP5 next time wh...

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Claiming out-of-pocket medical expenses when you don't belong to a medical aid

  Written by Marc   Posted 26 July 2013

How do I capture out of pocket medical expenditures when I do not belong to a medical aid..?
I have captured them under code 4020 but when I look at the notice of assessment, the amount to be refunded back to me is exactly the amount on my PAYE source code and it does not seem to take into consideration the out of pocket medical expenses I incurred... How does this work..?
Thank you

Can I resubmit my ITR12 after receiving a payment and IT34 from SARS?

  Written by Marc   Posted 26 July 2013

I have already submitted my ITR12 and received an ITA34 in response from SARS, but forgot to put in my medical tax certificate contributions in my tax return. I have requested a correction straight after the submission but now SARS already paid an amount into my account. Can we still resubmit the ITR12 with all the information?

Wear & Tear / Depreciation clarification

  Written by Marc   Posted 26 July 2013

Wear & Tear/Depreciation.

3 part question:

a) Do I claim full depreciation on my private vehicle or only that portion that is used for business purposes, using the business mileage % of the total annual mileage, as the apportionment figure?
b) Do I claim the full depreciation on my cell phone or only the business portion as well?
c) Am I able to claim the depreciation on my vehicle and cell phone for previous tax years if I did not do so at the time?

Business vehicle depreciation period

  Written by Marc   Posted 26 July 2013

Some years ago SARS advised me that I could depreciate a vehicle used for business over 4 years. Is this correct?

Depreciation for computer under R7000 value

  Written by Marc   Posted 26 July 2013

Some years ago SARS advised me that I could write off in year one capital goods for my business (computer) under R7k in value (accelerated depreciation).

Is this correct?

Fixing errors on previous returns and resubmitting

  Written by Marc   Posted 25 July 2013

I never filled in my retirement annuity amount in previous years, only this year. Can I go back and fix this on previous years returns and how far back can I go?

I am trying to understand my IRP5 so I can submit to SARS.

  Written by Marc   Posted 25 July 2013

under tax withheld - what does the code 4116 stand for?

What do 4474 and 4116 mean on my IRP5?

  Written by Marc   Posted 25 July 2013

What do the following codes mean on my IRP5? 4474, 4116

Tax Directive was 18%, but SARS taxed me at 25%. Why?

  Written by Marc   Posted 25 July 2013

Hi Tim,

My income is based on a 100% commission, no salary and no benefits. I applied for a tax directive from SARS and received one at 18%. However, when I did my return I was taxed at 25%. What am I missing here?

How to calculate taxable income

  Written by Marc   Posted 25 July 2013

I'm confused, I don't how to calculate taxable income. Please help!

Not registered with SARS, where does my tax go to?

  Written by Marc   Posted 25 July 2013

I am on contract and I never registered at SARS. I want to know where does the tax taken off my salary go?

Is there tax refund money for me?

  Written by Marc   Posted 25 July 2013

How can I find out if there are any money for me in tax refunds?

How will I know if I owe sars when I submit through e-filing?

  Written by Marc   Posted 25 July 2013

How will SARS tell me how much is due to them for tax?

How will I know amount due to you or me if I submit through SARS eFiling?

  Written by Marc   Posted 25 July 2013

How will I know if I owe SARS or SARS owes me if I submit through eFiling

How will I know if SARS owes me money?

  Written by Marc   Posted 25 July 2013

If I summit my tax return by eFiling how am I going to get my answer whether am I owing or if they owe me?

Password

  Written by Marc   Posted 25 July 2013

Can you please give me an example of a password?

My registry tax office/branch?

  Written by Marc   Posted 25 July 2013

How do I find which tax office I'm registered with?

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