This was your response to a previous question - please advise why the calculator is reflecting 0?

  Written by Marc   Posted 3 July 2013

Regardless of how much the contribution is you will only be allowed a deduction for medical aid contributions limited to R720 per month for yourself and your first dependent and then R440 per month for any further dependents.

My 2012 return for code 4008 was R17 280 - The calculator this year shows nil - Can you explain possible reason?

Thanks

SARS tax codes?

  Written by Marc   Posted 3 July 2013

I have a rental property and still pay the bond and levies. There is no profit. When I complete my Tax return what is the code for a rental loss?

Medical expenses not payed by medical aid?

  Written by Marc   Posted 3 July 2013

Last year when I submitted my expenses I received 30% back in returns from SARS. This year when I complete my return with expenses R10 431 it gives me a return of R833 please advise - there are 4 people on my medical aid and my company pays 2/3 of the premium. My annual income is R228 000

Can I resubmit my tax after I received payment? I forgot to add disability expenses.

  Written by Marc   Posted 3 July 2013

I submited my tax via eFiling and have received my payment as I claim for disabilty. I however only found out now that I can claim for my children school fees as they both attend special needs schools and the disabilty claim is for them. Can I request a resubmission just adding the school fees in as a disabilty expense

Payslip

  Written by Marc   Posted 3 July 2013

I have a problem understanding my payslip. I am a freelance and earn only commissions.
I dont know what to claim of my income tax;
My payslip consist of:
- Total earnings : 7500
- total company contributions : xxx
- taxable earnings : xxx (what does that mean)
- tax : xxx
- total deductions : xxx
- net salary : xxx

What is tax and total deductions? Those two amounts sometimes differs and sometimes are the same. As I am a freelance and work by ...

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Cellphone depreciation?

  Written by Marc   Posted 3 July 2013

What supporting documents do I need to add if I claim for cellphone depreciation. If I use my phone for mainly business but I pay for the contract not my employer?

What is the maximum number of IRP5's that can be submitted through eFiling per year?

  Written by Marc   Posted 3 July 2013

What is the solution if there is a limit?

Allowable Medical Deductions

  Written by Marc   Posted 3 July 2013

My monthly medical aid premium is paid to the scheme through the company (it forms part of my cost to company) but I cover the cost 100%. The total for the year is R31 694 (for me and my son).

I have additional medical expenses not covered by my MA totaling R5 900 for the year.

2 questions:

a. Am I able to claim an allowable medical deduction?
b. where on the e-filing form would I enter them?

Extra Tax deducted

  Written by Marc   Posted 3 July 2013

I recently underwent a Tax audit last year as I haven't regularly paid taxes for a few years. SARS did the audit and siad they owed me x ammount but I also owed the y ammount. They paid out the x ammount deducting their Y ammount from the balance and all was good. The end of last year and the this year they all of a sudden started deducting R1600 off my salary for some special tax owed.This was for about six to eight months of deductions I have just been to see them to submit this years Tax form...

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How can I get a tax number?

  Written by Marc   Posted 3 July 2013

How can one get a tax number if you are unemployed and still a student?

May I claim my km to and from work if I get a travel allowance?

  Written by Marc   Posted 2 July 2013

I only use my car for business and to and from work.

Provident fund transfers to Retirement Annuity - are there tax implications?

  Written by Marc   Posted 2 July 2013

I had a Provident Fund with my previous employer, I changed jobs in November 2012 and transferred the funds from the Provident Fund into a Retirement Annuity. I contributed towards the Retirement Annuity in my own capacity from November 2012 - February 2013. When asked to enter a Retirement Annuity contribution for the 2013 tax year, do I only need to enter the amount contributed from November 2012 - Feb 2013 or does the RA contribution amount also need to include the funds transferred from the ...

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I have not submitted tax forms for a number of years - how now?

  Written by Marc   Posted 2 July 2013

I have not submitted a Tax return for a past number of years, How do I handle this situation?

When will 'supporting documents' section appear?

  Written by Marc   Posted 2 July 2013

I have submitted my tax return via efiling on the 1st of July and immediately received an email saying I need to submit supporting documents. The problem is the section on my efiling profile which allows me to upload these is not showing there yet, now 24 hours later. Is this normal? How long should I wait?Thank you for this blog! Very helpful for a first time tax payer!

Owing R13 540 to SARS?

  Written by Marc   Posted 2 July 2013

I`ve just submitted my return and I received ITA34 saying I owe R13 540. When rechecking my return, I noticed that I didn't capture my annual PAYE tax on the required field. Is it possible for me to request a new return, correct the error and resubmit?

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

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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

  Written by Marc   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?

  Written by Marc   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

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?

  Written by Marc   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?
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