Medical Aid Monthly Contribution VS Tax Credit on Medical Aid?? How to deduct?

Posted 2 July 2013

Hi Tax Tim
Great website, very helpful over the last couple of months.
I am busy filling in my ITR12, and I have a lot of deductions, ie depreciation etc, but when I enter my medical aid contributions, (paid by myself, R 1900 per month), and I calculate my tax return, it shows in the 4008 field R0.00. Please advise how to make this amount come in to account and how does the new tax credit work in my case? Lastly, re-imbursive travel expenses, how do I deduct this? I travel some times f...

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What is the amount for the 2012/2013 "allowable medical deduction" code 4008?

Posted 2 July 2013

I would like to find out if the amount (if you are the only dependent) is still R720 p/m for the 2012/2013 tax year? Can this amount be claimed by anyone who pays medical aid?

When I use the SARS tax calculator, it shows at code 4008 an amount of R0,00?

Posted 2 July 2013

My medical aid contribution was R 24 761 inserted under code 3810, how come my allowed medical deduction is R0?

Can I claim medical expenses for 37 year old son who I have been supporting? He is not on my med ai

Posted 2 July 2013

I incurred around R4 000 medical expenses for son who is not on a medical aid or on mine. He is 37 years old and doesn't have any disabilities and is not studying. He is also unemployed since returning from overseas. All the medical documents show his name on it, however I paid for all of them via my credit card. Am I able to claim this from SARS?

AVS Bank with AVS verification pass

Posted 2 July 2013

Hi Tim, I submitted my tax return via e-filing and my banking had changed so I punched in the latest details and SARS put on an audit. I then submitted my IRP5, Bank Statement, Log Book, Medical Certificate of which are the only documents that I can claim for. The Efiling status shows - Correction Filed and and Statement of Account Balance: R -8383.55 and Statement of Account: Assessed Tax. Do you think the audit will go bad?, I ask this because the old Tax practioner that I used to use called ...

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Do I have to submit income tax forms if I have been retrenched in November 2012?

Posted 2 July 2013

I have been retrenched in November 2012 and sill have not found a job. All my debit orders until now have been paid with the money I received from my retrenchment package. These include Retirement Annuity Funds. I currently receive UIF payment into my bank account. I have paid tax when I was employed all these years. Do I still have to submit income tax forms and if I should, is the chance there that I will owe money to SARS? I have not received an IRP5 form when I left the company.

Re Medical Scheme Fees Tax Credit Code 4116 on IRP5, ITR12 & ITA34

Posted 2 July 2013

I noticed my IRP5 had a new Code 4116 Medical Scheme Fees Tax Credit which I did put in my ITR12 amounting to R5520 as we are 2 Members of my medical aid. I then noticed in my ITA34 on the Assessment page under MEDICAL DEDUCTIONS under Code 4020 I am claiming R39597 for Medical Expenses not recovered from Medical BUT then under that in Description it shows;
Medical Tax Credits X4 -R22080.00
Q - My question is why its it showing X4 ?? as that amount would mean R5520 per 2 members per...

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I want to get my IRP5 on line?

Posted 2 July 2013

I wanna know my IRP5 on for 2013 but I can't please help me.

Number of periods worked on the IRP5?

Posted 2 July 2013

I am a contract worker and on my IRP5 it states that my number of periods worked is 365 ,which is not the case. In April 2012 my contract was finished and I was without work for a month. In May 2012 I was appointed by the same company again. Since then I have been laying off a day here and sometimes a couple of days at a time. I do not get paid for the days I do not work(as per my contract). How does all this affect my number of periods worked and what am I to do?

Why can't I upload .pdf supporting documents on e-filing?

Posted 2 July 2013

I am uploading my supporting documents. It uploads .doc & .xls files but it refuses to upload my .pdf files which are completely within their specifications. Most of my doc's are .pdf. What do I do?

What is the source code for rental income?

Posted 2 July 2013

What is the source code to use for a loss or gain of income for a rental property when I use eFiling?

After submitting via eFiling how long does it takes for SARS to refund you?

Posted 2 July 2013

I submitted refund via eFiling on the 01 July 2013 so I want to know how long does it takes SARS to refund me?

My IT34 assessment is a negative amount, does this mean they owe me money & how long before I get it

Posted 2 July 2013

This is only my second tax return so I have no clue if I am doing things properly. Last time I had to pay SARS (I still don't understand why) and as my ITA34 reflects a negative balance I would like to know if I am going to have to fork out again or not?

Surely I should get some medical tax relief for my medical aid contribution?

Posted 2 July 2013

I earn around R640k per year. I paid R57 986 in medical contributions for the year and an extra R3406 out of pocket expenses too. I have myself and 4 dependants. It seems that I'm not getting any tax back for my medical expenditure which is really unfair

Do I qualify to do a tax return?

Posted 2 July 2013

My monthly in come is R3 866, and I have 6 IRP5 Forms can I fill them all in 1 on ITR12 form, or must I do each one on its own?

Unemployed with Medical Aid RA?

Posted 2 July 2013

I am unemployed but pay every month my medical aid have medical expenses not covered by medical aid. Also have a RA. This was all covered by my Provident Fund money.

New Medical Tax Credit?

Posted 2 July 2013

When competing my Tax return form is there anything I need to complete on my tax form to get benefit from my medical aid tax credit or does SARS calculate it themselves. I earn R14 480 gross. My medical aid is R1740. My employee pays R1014 and I pay R726 per month towards my medical aid.

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax yea

Posted 1 July 2013

I was on the employer medical aid for 9 months which amounted to R21 384 for the rest of the tax year I was on my own medical aid and the total became R6780. What do I put on 4040 either amounts or do I only put R6 780. Also will my son's speech therapy be considered a total of R1 725 on 4022? When I calculate the result it shows nothing on 4008. Is this right?

Why is the source code 4008 on my ITR12 income tax return = 0?

Posted 1 July 2013

4005 = 19404.00
4474 = 19404.00
4116 = 2760.00
How come my 4008 = 0

I have a problem wth my address and they make a mistake when they filling IRP5 so I want to change i

Posted 1 July 2013

I want to change my address on my IRP5.

Which bank details do I fill into my IRP5/IT3?

Posted 1 July 2013

I changed banks last year December, so I am confused on which bank details I must fill in on my IRP5. Do I go with the new bank details, the older bank details, or both? Some help would be appreciated...

Allowable Deductions 2013- Medical Aid Taxable Income?

Posted 1 July 2013

I am trying to do the right thing by filing my return, but what I am getting is confusing. My total income is (3601- R555 184;3805- R75 694; 3810- R72 830; 3616- R8 175;3809- R500) = total 712 383.

When I complete my return and do a mock lation it shows I owe R1225,64. My medical aid tax credit (4116) is R9 216 - for 4 people. My question is why am I being levied R 217 093.20 (for R712 383) without any deductions especially for medcial aid contributions? There is rebate of R20 656 de...

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Hi Tim, I get travel reimbursement from my company at R3.24 per km traveled.

Posted 1 July 2013

The code on my IRP5 is 3703. Should I claim costs against this?

How to claim for km used and for own private vehicle use for work?

Posted 1 July 2013

The new information to create your personal income tax return now only give you a option "do you want to claim expenditure against the employer provided vehicle.

I didn't get my IRP5 and it wasnt loaded onto SARS

Posted 1 July 2013

I just want to find out, my previous employer hasn't sent me my IRP5, and also the accountant doesn't return a response either about it. How can I get my IRP5?
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