Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!
Q: If a father’s operation fee is RM 30,000 but the insurance coverage is only RM 12,000. The balance of RM 18,000 was paid by his son and daughter. Can each of his son and daughter claim the parents’ medical expenses tax relief of RM 8,000 for the balance amount paid?
A: Yes, both the son and daughter can claim the RM 8,000 parents’ medical expenses tax relief, provided it can be proven that the son has paid RM 8,000 and the daughter has also paid RM 8,000 for the bill. For example, payment is shown in the credit card slip/statement.
Wishing you plentiful tax savings!
Zen Chow
YYC Tax Guru