Get cash back from your medical aid

Tax Bulletin | 27 July, 2009 | Hot Topics:

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Medical expenses for the average family have soared over the last few years. Luckily, you can get tax relief for your medical aid contributions and other medical expenses.

Follow our guidelines to make sure that you get full tax relief on your family’s medical bills when you complete your 2009 tax return.

Deduct these 5 medical expenses:

1.    Any medical aid contributions you pay

2.    Fees you pay towards the services of: 

  • Doctors
  • Dentists
  • Optometrists
  • Homeopaths
  • Naturopaths
  • Osteopaths
  • Herbalists
  • Physiotherapists
  • Chiropractors and
  • Orthopaedists

3.    Medicines any of the above specialists prescribe

4.    Paying nursing homes, hospitals and registered or enrolled nurses, midwives or nursing assistants (including using a nursing agency to employ a nurse, midwife or nursing assistant) for illness or confinement

5.    Expenses for any physical disability you, your spouse or your children (or dependants, as referred to below) suffer from.

Remember: SARS regards “physical disability” as a permanent condition which requires you to use special equipment or have medical treatment to function normally.

These expenses aren’t limited to medical expenses per se. You can include the cost of spectacles, remedial teaching fees for dyslexia, the cost to modify your home to accommodate near-sighted or paralysed family members, and the cost to adapt a motor car for a special-needs person.

Until next time.

Regards
 

Nothando Hlatshwayo
Managing Editor
The Practical Vat and Tax Handbooks

 


Editors note
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Fulvia Becatti
Tax Bulletin Editor

The Tax Bulletin is packed full of tax tips, commentary on changes to the tax landscape and is also an interactive tax forum which aims to help you efficiently manage your taxes and avoid all the traps. It is also a handy reminder of the deadlines which taxpayers have to meet.

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