Why has there  been a change from medical tax deductions to medical tax credits?

The system of tax credits is fairer. All taxpayers, regardless of their level of income, derive an equal tax benefit because tax credits are fixed and are deductible against the normal tax payable, as opposed to simply reducing the taxable income. With the previous system of medical aid contributions, the higher the taxpayer's income, the higher the tax benefit.

Last Updated: 15/02/2018 5:46 PM     print this page
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