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:
Medical Tax Credit Rates from 2013 tax year onwards – see changes from last year
Capped deduction prior to 2013 tax year
Important: The amounts 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 taxpayer’s age and whether the taxpayer, spouse or any of their dependant(s) has a disability. For more information on see Medical Scheme Fees Tax Credits.
|Last Updated: 24/02/2018|