MY EMPLOYER PAYS MY FULL MEDICAL AID IN LIEU OF SALARY INCREASE.

Posted 1 February 2013

HOW CAN II BENEFIT FROM THIS? IT SEEMS SARS DOES NOT TAKE THIS ACCOUNT.

My son is disabled, what costs can I recover for him?

Posted 31 January 2013

Can I recover costs of his carer if she also cleans the house? Can I claim her transport? My son is still in nappies at 4 years old, can I claim the cost of these as it is due to his disability? how can I maximize the return of some of costs I incur for him?

What is the tax situation is w.r.t. a donation of less than R100 000 from a child to a parent?

Posted 30 January 2013

I know that it is possible to donate up to R100k per year to your children, but what about a donation to your retired parents? Especially if they are financially dependent on you?

Can you help me with Provisional Tax return?

Posted 30 January 2013

I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told last year that I am a provisional tax payer because of the savings I have and the interests I receive from these (over the allowed amount). I went to SARS to assist me with my first Provisional Tax Return in August 2012 & had to pay in R1000. I am very nervous to do Period 2 for 2012/2013. Are you able to assist me?

I don't know how to answer "Did you make any retirement annuity contributions?"

Posted 29 January 2013

I don't know how to answer "Did you make any retirement annuity contributions?"... I do have a retirement fund, but the contributions come straight from my Cost of Employment at the University of Cape Town before I get my salary, and they're on my IRP5.

Please can you advise on how to complete medical expenses including disability on 2012 ITR12?

Posted 27 January 2013

I would really appreciate your advice on completing the medical expenses section on the 2012 ITR12.

We have large amount of both disability expenses and other medical expenses NOT paid by medical aid and am not sure how to complete the Medical Deductions section on the ITR12.
The certificate from the medical aid shows an amount not paid by them - where do I put this amount? Is it code 4020?

Do I need to split the other medical expenses incurred and not paid by the medical aid, into disability and other and show them separately, ie disability 4023 and other added to 4020?...

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Are these tax-deductible medical expenses?

Posted 24 January 2013

1. Eyeglasses (frames & lenses) and the preceding eye test at Spec-Savers.-- If so, would this fall under "impairment" or general medical expenditure?-- If you then purchase new frames & lenses, is it again tax-deductible?2. "Cosmetic" surgery (the removal of moles, to be more specific).

SARS lump 2 salaries together, a full time and a part-time salary.

Posted 22 January 2013

My wife worked full time for Johannesburg General Hospital for 2011 and she started to work part time from the 1st of December 2011 for Doctor Gordon's practice. SARS has add the two salaries. Now my wife must pay R17 000. Her part time salary is about R5 000 or less a month. PAYE of R3438.75 has been deducted from the period 01/01/2012 to period 28/02/2012. Annual PAYE deduction tables dated 2011.03.01, shows that PAYE of R3438.75 falls between an annual salary of R78 840-R78 889. I have a feel...

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How to get a tax refund?

Posted 22 January 2013

I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that?

What is the amount that I will receive for medical tax credits?

Posted 16 January 2013

If I receive R12350 CTC per month, and I pay a hospital plan of R1200 per month, can I get a tax credit?R500 for myself, R700 for two dependants.

Tax refund/rebate dating back to about 7 years

Posted 13 January 2013

I have heard so many great things about you, I hope you can assist me too. Until today, I was not aware that one can actually contact SARS directly to enquire about a possible refund. I have always been under the impression that they would contact or notify the taxpayer and then mystified when they actually did not.

My tax documents are always submitted automatically by my employer. I finally dragged myself to the nearest SARS office and registered as a tax payer in 2010. Now, my que...

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What is my claimable medical contribution as a pensioner?

Posted 3 January 2013

I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from my pension fund, but I do get a medical certificate from Discovery indicating the full contributions, along with a letter from the pension fund indicating what was paid by said pension fund.

What is claimable? The full contribution, or only the amount that I pay?

Retired and not earning an income

Posted 3 January 2013

Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return?

Did TaxTim make a mistake on my return?

Posted 3 January 2013

On the question of medical expenditure I answered YES plus the amount. On the return Tim filled in NO and no amount. Also on Tims questions on retirement annuity I filled in YES plus the amount, and on the return tim filled in nothing, this had a bad effect on my return, how do we correct it?

If I am earning two salaries how does tax work?

Posted 3 January 2013

I am currently earning a salary as a designer in a design company and now also earning an extra income by designing a disability newspaper on weekends, my company has finally gotten funding from the government and they are back paying me R5000 for doing the newspaper layout, how much do I need to be taxed on this amount? They have taxed me R900, is this correct? Thank you for your help.

I don't have a Medical Aid. May I still claim for medical expenses like GP visits, dental etc?

Posted 3 January 2013

I would like to know as this is a question I have asked many times and cannot seem to find an answer. I am NOT on any medical aid but sometimes I have to go to the doctor or dentist. May I claim for the prescribed medication and for the visits etc?

How to claim medical expenses for 2013

Posted 3 January 2013

I pay medical for myself and 3 dependents - so therefore a total of R768.00 per month I can claim back for - right? What about expenses not covered by the medical aid? What I am not understanding - do we at the end of the day get paid out, or not?

Employer pays medical aid - put this under 3810, 4005 and 4474?

Posted 3 December 2012

I just wanted to confirm that if an EMPLOYER pays all medical aid subscriptions does one list this amount paid by the EMPLOYER under codes 3810 & 4005 & 4474?

So in effect one would have the normal salary under code 3601 and then under code 3810 the FULL medical subs paid by EMPLOYER and then list this SAME amount under codes 4005 and 4474.
Is this correct?

Also does one need to use 4116 to show the tax credit of R230 x 6 or 12 depending on if it is the annual IRP5 cert or the bi-annual certificate? ...

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Can I claim my prescription glasses as medical expenses?

Posted 22 November 2012

I cannot see without glasses and have been prescribed glasses for anytime use and driving. Can I claim this from my tax as medical expenses - they are very expensive!

Was I qualified to pay tax return in 2007-2008?

Posted 21 November 2012

I never submitted my tax return for 2007-2008. At that time, I was earning R69000 per annum. Also the tax return was done manually and unfortunately I can't find any copy. Now in 2012, SARS wants me to pay R8000 penalty.

My questions are:

1: was I qualified to pay my tax return?
2: What must do to dispute this penalty as I am not earning much currently?

Thanks in advance for your advice.
Ps: I am a permanent resident(SA).

Start of employment period on tax return

Posted 21 November 2012

I would like to know I am permanently employed and started my employment a few years ago and still am. Which dates should I fill in when asked to input earliest month of employment?

How to submit a dispute after IT34 notice

Posted 21 November 2012

I am a medical doctor working in a state hospital. I get an IRP5 from Western Cape department of Health. I also earned R12 020 in the last year doing private locums which I have declared. I understand that I will have to pay tax on this amount and have made provisions for this. When I received my IT34, it says I owe R11000 (almost as much as I earned in total). I usually get money back on my returns (from medical aid, income protection and retirement annuity) so I don't know how they calculat...

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Medical aid codes

Posted 21 November 2012

In my IRP5, under deductions/contributions, the following appears:

code 4005: R18 324
code 4474: R11 927

But after using the SARS calculator, under amounts assessed in the SARS calculations:
Code 3810 Medical aid contributions paid on behalf of employee: R11 927

Under tax calculator, deductions section:
Code 4008: Medical expenses (Total) R8640

Is this right? The amount of R18 324 does not reflect in the tax calculator's results.

Tax claim for medical expenses

Posted 21 November 2012

Hi Tim

I had to get two hearing aids but the medical aid only paid for one. I was told that I can claim the cost for the other one from tax but if I use the e-filing calculator it seems as if I will only get R5000 back of the R15000 I paid. Is that possible or how do I claim the full amount?

Do I need actual sale slips or would bank statements suffice?

Posted 20 November 2012

I don't keep all the sales invoices / slips for medical expenses (OTC stuff). I do however have some expenses which I know will show up on my bank statements and also the monthly stuff like birth control which I pay for. Do I need the actual slips or will make bank statements do?
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