Claiming tax on own medical aid?

Posted 28 October 2013

I have my own medical aid. Can I claim tax on my own medical expenses. I am working and my company does not provide medical aid.

Can I claim deductions for a living allowance given to my elderly mom?

Posted 28 October 2013

I pay my elderly mom R2 000 per month for living expenses. She does not qualify for a South African pension as although my dad was classed as a South African citizen, my mom's citizenship remains British. She received a small amount of money when my dad died which she invested and now earns R1 000 per month so her total income for living is now R3000. My question is, I would like to know if there is some sort of deduction I can make for this amount?

An elaboration on source codes 4040 and 4020 on the ITR12?

Posted 24 October 2013

My wife and I are members of a medical aid. I am the main member and she is a dependent. The cost of the monthly contributions are partly paid by my employer and partly by myself.

My wife however pays me monthly for our portion of the medical aid monthly expense after it has been deducted from my salary because she earns more than me, but doesn't receive a medical aid option from her work.

My wife also had out of pocket medical expenses amounting to R4 100. In assisting her with her tax return, if we insert her out of pocket medical expenses (source code 4020), the return calculator says a return of zero...

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After an audit has been completed, will SARS use my 'original IT34A assessment'?

Posted 19 October 2013

I recently filed my tax return through the eFiling thing and I was told by SARS that I am being audited. Because I am new to the eFiling thing, I submitted my return twice. The 'original assessment' which showed a -R3,684.00 amount contains the most accurate information as the main difference I noticed between the 'additional assessment' (which stated that I owe SARS over R2,000 ) and the 'original assessment' was the number of people covered on medical aid. In the original assessment, it stated...

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Does the Tax rebate apply to Medical Insurance?

Posted 10 October 2013

Will I still get the monthly tax rebate if I join a Medical Insurance and not a Medical Aid?

Resubmitting of tax?

Posted 8 October 2013

I sub-letted my SARS tax return about 4 weeks ago can I resubmit .

Is epilepsy considered a disability?

Posted 7 October 2013

I've been told that Epilepsy is classified as a disability. Please advise if I should reflect this on my return?

Medical care claims for someone not on medical aid?

Posted 3 October 2013

My mother is not on my medical aid. When she was hospitalized I paid R80 000 in medical bills. I have all my receipts. How can I claim this from SARS?

Recouping Tax Deductions From Previous Tax Year?

Posted 2 October 2013

Is it possible to claim a deduction for tax in the following tax year which you have incurred in the previous tax year?

Can lodge an objection if I think my filing was incorrect?

Posted 2 October 2013

If I completed my eFiling, and received a payout can I request a amendment as I think I filed my tax incorrectly.

Does "Gross salary" for PAYE include subsistence allowances, car allowances etc?

Posted 21 September 2013

What components make up "Gross salary"? Would things like subsistence allowances (local) and car allowances be included?

Depreciation and tax life of a dragline bucket?

Posted 18 September 2013

What is the deduction Interpretation Note 47 for a Dragline Bucket?

Tax on Bonuses and Medical Aid and perks

Posted 18 September 2013

1. How is bonus taxed?
2. Is my portion of Medical Aid taxed? Is it a perk?

I do not have any supporting documents

Posted 17 September 2013

Hi Tim

I have started submitting my Tax in 2012. Now they asked for 2011. I was only working about 6 months in 2011. When I called my previous employer he said he cant give me any documents as he has lost it all in a robbery. SARS is asking for supporting documents for 2011 and I don't have anything (not even medical aid etc).
What do I do ?

Thank you
Lara

How do medical source codes 2810/4500/4474 work?

Posted 13 September 2013

How does it work?
Source codes 2810/4500/4474

Non-prescription medication - is it tax deductible for over 75's?

Posted 12 September 2013

May taxpayers over 75 years of age deduct over the counter/ non-prescription medication from tax?

How long for payment on my refund

Posted 12 September 2013

Hi Tim
My broker submitted my tax returns for 2009 - 2013, then SARS asked for a medical document for 2013. I sent this and SARS say I am getting an refund on all those years. Can u please tell me how long it's going to take for payment of the refund. There is no audit.

SARS eFiling asking for "documents for review " and "documents for audit"

Posted 12 September 2013

Why does my eFiling ask for me to submit "Documents for review" and "Documents for audit"?

Are s6A medical rebates deductible from your provisional tax payable?

Posted 10 September 2013

When calculating your provisional payment, does s6A medical scheme credit qualify as a deduction from the final tax amount? i.e. can you deduct the primary-tertiary rebates as well as the medical?

Taxable Settlement agreement?

Posted 5 September 2013

Hi Tim,

Last year (this financial year though) I left a job and had a settlement agreement with my ex-boss for outstanding monies for overtime as well as for medical expenses as a result of my work. We have had no contact since the settlement. When going to file at SARS I noticed he has included the full amount as income on my IRP5, where as only a small portion was for income and the rest to cover my medical bills. Am I correct in thinking that I am not liable for income tax on the S...

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Incorporated versus sole prop for a new business

Posted 4 September 2013

Hi Tim. I am about to embark on a new venture and start up my own business. We are bound by various rules and regulations as per the HPCSA and are only able to practice in an incorporated or solus practice. I am feeling very unsure as to which is the best option tax wise? The gross monthly income of the practice is expected to start off at and vary between R30 000 and R50 000 per month. I will not have any partners or permanent employees. I work from home 50% of the time and am onsite (travellin...

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Claiming for medical expenses paid out of personal savings account.

Posted 4 September 2013

I did not have a fixed monthly income for the tax year ending Feb 2013. My medical expenses were covered from my personal savings account. I incurred medical expenses; can I still deduct the medical expenses paid from out of my private savings?

Who is a dependent in terms of South African Tax Laws?

Posted 3 September 2013

Who is a dependent in terms of South African Tax Laws ?

Can appeals be made to have assessment for previous year to be redone, with new evidence?

Posted 1 September 2013

Hallo. For the last number of years my wife has been paying for our medical aid, via a direct debit every month. The medical aid is however in my name.

I have found out, from SARS, that my wife can get the benefit from this on her tax return, all she needs to do is to provide proof, e.g. bank statements etc, that she has paid for it or get letter from medical aid in that regard. This would suffice for this tax year. However last tax year, we did not do it like this, since I submitted it with my tax return and got no benefit from it, since my income was not large enough...

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SARS wants proof of expense claims made in husband's name, but I'm paying.

Posted 30 August 2013

I'm currently a independent contractor and submitted my tax for office space, but my problem is the utilities and this are in my husbands name, although I'm paying it. SARS want proof. Can I submit although it's in his name? I have disputed.
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