Medical Tax Credit Rates

Medical Scheme Fees Tax Credit was introduced from 1 March 2012 but didn’t affect all categories of taxpayers at once. There are two different start dates depending on the age of the taxpayer:

  • Taxpayers younger than 65 converted to the Medical Tax Credit from 1 March 2012
  • Taxpayers 65 and older converted to the Medical Tax Credit from 1 March 2014

Medical Tax Credit Rates from 2013 tax year onwards

?Per month (R) ?2016 ?2015 ?2014 2013
?For the taxpayer who paid the medical scheme contributions 270 ?257 ?242 ?230
?For the first dependant ?270 ?257 ?242 ?230
?For each additional dependant(s) ?181 ?172 ?162 ?154

Capped deduction prior to 2013 tax year

?Capped deduction per month ?2012
?For the taxpayer who paid the medical scheme contributions? ?720
??For the first dependant ?720
??For each additional dependant(s) ?440
Important: Theamounts may vary depending on the number of months in the tax year that a taxpayer and dependents are members of a medical scheme fund.

 

Top Tip: A deduction for contributions and out-of-pocket medical expenses (qualifying expenses) paid depends on a taxpayers age and whether the taxpayer, spouse or any of their dependant(s) has a disability.