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SB22 said: 8 July 2015 at 20:05 Hi Tim, I earn R4500 a month and I pay R700 a month for medical aid for myself. How many medical tax credits will I receive? At the moment if I am correct it is R257 for the main member which equals 257*12 = 3084. Would that be roughly what I would get? I have been told that I cannot get more than R700 as that is my monthly contribution. |
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TaxTim Evan said: 10 July 2015 at 9:28 That is correct, however because you actually earn below the tax threshold you will not be entitled to a refund because there have been no taxes paid which can be refunded to you. Try our medical aid tax credits calculator. |
