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Deductions Posts in Tax Q&A

From what date until what date do I claim for medical expenses I paid out of my pocket?

  Written by Marc  

from what date until what date do I claim for medical expenses I paid out of my pocket

Can I claim for spectacles on my ITR12?

  Written by Marc  

Can I claim for spectacles on my tax return?

I have never claimed before.. I want to submit my IRP5's, now what?

  Written by Marc  

I have been working for various companies, earning not very much. in the past 1 year and 6 months I worked for a company where for the first time got an IRP5.. and money was being deducted from my commission. I don't know much about tax, and I never claimed. no medical aid..

what do I need to do?

Final Assessment on the ITA34?

  Written by Marc  

My final tax assessment on eFiling reflects R-12000 (negative) for 2014 and R2000 ( ) for 2013, do I owe SARS money or they owe me?

OTC meds for tax purposes?

  Written by Marc  

Do OTC meds include vitamins and minerals? I have bought these items for quite a large amount but havent kept the receipts.

I claimed medical and traveling what is the supporting docs necessary for SARS?

  Written by Marc  

I claimed medical and traveling what is the supporting docs necessary for SARS?

Do I get tax refund money this year?

  Written by Marc  

I want to know if I get tax refund this year?

Is a commission based salary taxed differently?

  Written by Marc  

A lot of people have told me that you get taxed more on a commission based salary than on a fixed monthly salary but I cannot find any evidence to support this. Is it true? Are you taxed more on commission earnings?

Do I owe SARS?

  Written by Marc  

Do I owe SARS for this tax year?

Are prior period deductions allowed?

  Written by Marc  

Can I claim the purchase of glasses that was done 2 years ago? The purchase was from my own pocket and the claim was never done before?

What are the tax benefits of pension fund contributions?

  Written by Marc  

If I paid more money in my pension can I claim it from my tax?

Provident Fund Contributions

  Written by Marc  

Hi. My provident fund contributions through my employer does not reflect on my Employee Tax Certificate.

It does however reflect as a sum on my payslip as at Feb 2014.

Do I include the provident fund amount listed under (4473) for the amount to be entered under (4006) on the tax return for retirement annuity contributions?

Thanks

Do I pay tax on overtime and travel allowance?

  Written by Marc  

Are overtime and travel allowances taxable incomes?

Receiving income from 2 employers

  Written by Marc  

I am receiving 2 IRP5s from 2 employers. Suddenly at the tax year end I find that I have been taxed too little. Calculating my income in 2 parts places me in a "x" bracket. Now when the 2 is calculated together I am being calculated in a different bracket and shows a huge amount of tax due. How do I prevent this?

Being taxed for free or cheap housing

  Written by Marc  

I am being taxed on an amount for free housing. When will I pay less tax? If I get the amount as salary and pay it over to my employer as rent or if they deduct tax from my salary for the free housing.

Travelling allowances for disabled persons

  Written by Marc  

I am disabled owning a car can I claim for travelling allowances in my income tax return?

My CTC is R22 000 with 50% contribution from company on medical(R1976), how should tax be calculated

  Written by Marc  

I have a CTC of R22,000 and included in that amount is the 50% medical contribution from the company, how will my tax be calculated. My medical aid is R1976.

Endowment policy - taxable?

  Written by Marc  

Is it possible to claim for an endowment policy?

What are the amounts for PAYE?

  Written by Marc  

What is the minimum amount that should be taxed per month, how is it calculated and how & when should I claim as in a construction company as a permanent employee

Tax relief caring for parent that is your dependant?

  Written by Marc  

I have power of attorney for my 90 year old mother's fixed deposit account (small amount). I am concerned that the worst might happen and want to transfer the account into my name before then as I am concerned that the money will be frozen and we may need it to pay for all the arrangements. My question is what is the most tax efficient (for me as her sole provider) way of doing this as the money will be used to make all the arrangements afterwards.
In addition I currently pay for her old ag...



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Principal member vs paying member of medical aid

  Written by Marc  

I pay for the medical aid for my family, however my wife is the principal member. Who should account for this on their return?

Will I get a refund with a non taxable salary paying a medical aid of whereby the employer pays 50%?

  Written by Marc  

My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00

What does the final conclusion of reduced assessment mean to me as a taxpayer?

  Written by Marc  

I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?

Do I have to submit any tax return or form if I stopped working for the past tax year with no income

  Written by Marc  

Hi Tax Tim, I use to work but stopped. Do I now have to send a tax return for the last year if I do not get any income anymore?

Quick calculator for tax purposes?

  Written by Marc  

Have you still a quick calculator?
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