Medical deductions on a tax return always seem somewhat confusing, perhaps even more so since the introduction of the Medical Scheme Fees Tax Credit in 2012. So what do you need to know to make sense of the medical expense deduction maze?
Most breadwinners are generally familiar with income tax requirements, but tend to put lesser-known aspects, such as capital gains tax (CGT), on the back burner. CGT forms part of income tax, so it is vital to know what it entails.
SARS has made it easier than ever for you to do your own tax return through eFiling. It may seem daunting at first, but don’t be scared of the technology. If you can use Facebook, you can eFile – all you need is access to a secure computer.