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Deductions Posts in Tax Q&A

SARS says I don't have to submit a tax return because I earn under R350 000

  Written by Marc  

I just got an email from SARS that said unless I earn over R350 000 a year I don't have to submit a tax return this year.

Is this correct? Wasn't the income threshold a LOT lower last year, like R70,000? My income certainly doesn't exceed R350000 per year, but I still want to declare my expenses like medical and get my refund. Must I still submit below the threshold?

Confused over SOA for SARS

  Written by Marc  

I submitted my tax return 01/07/2014 and there was a negative balance of R7752.11 which meant a refund is due to me. The only part I added was my medical expenses that I pay myself every month. I am a strictly commission earner as well. Today I receive my assessed IT34 and it says Statement of account assessment -7752.11 and then Refunds 7752.11. Balance 0. What does this mean? Am I not due anything back?

Codes needed for TAX return

  Written by Marc  

I need to claim for home office expenses and wear and tear on my own cellphone that I use for work ( I check and I qualify for the home office). Which codes to I use on my return for eFiling?

What is portion paid on claims?

  Written by Marc  

On my medical aid certificate, what is this "your portion paid on claims"?

IRP5 is incorrect

  Written by Marc  

Hi I hope you can help me. on my IRP5 my commission pension and medical aid and pay and car shows as code 3601. when I went to the bookkeeper he said it must be like that. what can I do in this case?

Forgot username and password on eFiling

  Written by Marc  

Could you please assist me. I have forgotten my username and password. Would like submit my IRP5 via eFiling.

Investement at a loss. How do I claim on my income tax return?

  Written by Marc  

How do I complete my tax return if I have property that I am renting out at a loss. (Investment at a loss).
What are all the costs that I can claim for .

Do I receive a tax return on my cash medical bills paid?

  Written by Marc  

Hi my boy was born last year october. i paid all the bills cash it cost me about R45 000 will I be able to get a return on this and how do I go about it?

Why do get audited every year?

  Written by Marc  

Why do I get audited and asked for supporting docs every year from SARS?

Logbook for tax purposes, must one be kept?

  Written by Marc  

As a commission earner do I have to have a travel logbook?

How to claim taxed monies from SARS?

  Written by Marc  

I was working in company from 2005 to 2012 March ,then I lost my job. My pension fund was paid out, SARS taxed my monies. I want to know how do I claim my monies from SARS.

Medical claims on my ITR12?

  Written by Marc  

On my medical aid tax cert it says claims not recovered R******
where do I put this amount on my return?

I am diabetic and single no medical must paid cash what can I claim

  Written by Marc  

if I don't have medical and I am a diabetic and paid for all out of my pocket can I clam?

How do I claim working from home?

  Written by Marc  

I have been working as a salaried employee from a home based office (study), can I claim that space & electricity on my tax return? The company doesn't have a Cape Town office and all employees work from home. I've heard from a colleague one can claim rental, water, electricity, cleaning & refuse In either case - percentage of each based on the square meterage of the house we rent? We also moved halfway through the tax year - so there will be two rental amounts and the size of the room ...



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How long after submitting form must I wait for sms or email?

  Written by Marc  

Hi there. I filled in my tax return and submitted it via eFiling yesterday.
The assessment came up on the site. But I still have not received a sms or email.
How long should I wait for the email or sms. Thanks

For the tax year 2014... how long does SARS take to pay out?

  Written by Marc  

For the tax year 2014... how long does SARS take to pay out... There is no audit or anything flagged. Just want a rough idea as to when to expect the money.

Travel allowance and business kms

  Written by Marc  

I get R36000 travel allowance per year. My business mileage is just over 40000 kms.
When I do the calculation on efiling my return is the same when I put down 40000 business kms as it is when I put down 20000 business kms.
Is this correct?
Have I hit my 'threshold' ?

Thanks!

Feedback from SARS?

  Written by Marc  

I completed my SARS via eFiling and just wanted to find out from you whats next process, I did not get an email but my inbox says assessed 2014,-7700rands,

Can I claim expenses for a child I am in the process of adopting?

  Written by Marc  

My daughter is a single mother of one biological son who is 4. Does not receive maintenance from the father. She is also in the process of adopting an abandoned baby that she got in July 13. She has a court document in the meantime that she is a "safe house" for the baby and could not get a grant because it was not a fostered baby. She is covering all the expenses herself. Can she claim for any of the expenses for the baby until adoption takes place and where would it be recorded on the tax ...



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Return - Data Submitted To ITS with SARS?

  Written by Marc  

Would just like to know. I have done my tax return for 2014, and have queried the SARS Status on my eFiling which is now: " Return - Data Submitted To ITS". My assessment has been done, and I have received a statement of account as well. The statement reflects that there is a refund due to me. My question: How long does it take for SARS to process my refund, and how long do I have to wait for the amount to be paid into my account?

How long does it take to get a refund from SARS for an individual?

  Written by Marc  

How long does it take to get a refund from SARS for an individual?

I do not work, but wish to claim tax from SARS.

  Written by Marc  

I have never claimed for tax returns and am not working now, can I claim?

Am I due a tax refund?

  Written by Marc  

How much does SARS owe me?

How to fill in ITR12 form for 2014, when 2 vehicles were used?

  Written by Marc  

how to fill in ITR12 form for 2014, when 2 vehicles were used?

Correct source code for medical expenses on the income tax return?

  Written by Marc  

Do I put the amount not covered by medical aid next to code 4020 or 4040. If I put the amount next to wrong code and submitted my return can it be rectified?
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