IRP6: Additional Medical Expense Tax Credit & Taxable Income vs Turnover
By Marc Sevitz · Updated
I've got 2 questions for my IRP6 form for tax year ending Feb 2016:
I am: provisional tax payer; and an individual - no dependents. 1. Is my taxable income the same as my turnover if I don't have any other deductions?
2. Is the amount that I enter into the Additional Medical Expense Tax Credit field literally all the medical expenses that I incurred in the period, which were not covered by Medical Aid?
I am: provisional tax payer; and an individual - no dependents. 1. Is my taxable income the same as my turnover if I don't have any other deductions?
2. Is the amount that I enter into the Additional Medical Expense Tax Credit field literally all the medical expenses that I incurred in the period, which were not covered by Medical Aid?
If you have no deductions then yes the Turnover is the same as Estimated Taxable Income. No the additional credit will be based on the Medical Tax Credits Calculator amount.