Peg Verena

Sars Medical Tax Credits 2024. The 2023/2024 medical scheme fees tax credit rates are as follows: For the 2024/25 tax year, sars provides the following tax credits for medical aid scheme contributions:

 — in terms of the benefit, taxpayers can deduct up to 27.5% of their taxable income if they make an equivalent contribution to a retirement fund. R364 per month for the taxpayer (the main member of the scheme) r364 per month for the first dependent on.