How to use your medical tax credits to cover your medical expenses

22 May 2022

Maya Fischer-French

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For the current tax year, a main member can claim R347 per month for the first two members and R234 for additional members. Photo: Archive

PERSONAL FINANCE

A few weeks ago, we ran an article about the affordability, or lack thereof, of medical aid schemes. Many readers were surprised to discover that they qualified for medical tax credits if they belonged to a medical scheme.

We have always had a tax benefit for contributions to a medical aid scheme. In 2012, the SA Revenue Service (Sars) changed this from a tax deduction to a medical scheme fee tax credit.

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