How it works:
33.3% Claim: Get back 33.3% on qualifying medical expenses, including disability-related costs.
Dependents Covered: Even if your dependent has a disability, you can claim related expenses.
Criteria: Disability confirmed by a registered medical practitioner using the ITR-DD form.
Docs Needed: Fill ITR-DD form & “Confirmation of Diagnosis of Disability” endorsed by a medical practitioner.
Extra Credit: Enjoy an additional 33% tax credit on qualifying medical expenses.
Eligible Expenses: Personal care, aids/devices, special education, modifications.
Conclusion:
These benefits ease financial burdens and enhance accessibility to crucial healthcare & support services for individuals with disabilities in South Africa. Stay informed: Consult SARS or qualified tax professionals.
Additional Medical Expenses Tax Credit:
Under Section 6B of the Act, individuals with disabilities are entitled to an additional medical expenses tax credit. This credit equals 33% of qualifying medical expenses paid by the person, including medical scheme fees exceeding three times the medical scheme fees tax credit.
Expenses Eligible for Claim:
• Personal Care Attendant Expenses: This includes salaries for caregivers, living-in expenses, and training costs for personal care attendants or family members.
• Aids & Other Devices: Expenses related to aids, devices, and modifications to assets for the disabled are claimable.
• Special Education Schools: Costs associated with special education schools, including school assistants, classroom costs, and school fees, are eligible for deduction.
• Alterations or Modifications: Expenses for alterations or modifications to assets acquired or to be acquired to accommodate disabilities can be claimed.
As always, contact us for more information.