Med deductons

By Marc Sevitz · Updated

Van

Van said:
19 May 2015 at 17:02

I am 78 years old I paid R27000. 00 medical for the year what can I deduct from my income
TaxTim Marc

TaxTim Marc said:
20 May 2015 at 10:30

Is this a contribution to a medical aid and if so for how many dependents?
Van

Van said:
20 May 2015 at 14:16

it is my contribution to my med aid I am an widower
TaxTim Marc

TaxTim Marc said:
21 May 2015 at 12:20

You will be able to claim, for the 2015 tax year - so the one we are going to file in beginning July - 257 per month against any tax paid and then a further claim of R4 888 off any taxes owing still. So in total you can reduce your taxes owing by R7 972