How Do I Claim Travel Expenses For Hospital Appointments – 9 Ways to Maximize Income Tax Relief for Family Caregivers in 2023 (YA2022) Caring for a loved one? This may also mean taking advantage of your income tax relief. Find out everything you need to know about income tax relief for family carers with this quick guide.
Before filing your taxes on the Lembaga Hasil Dalam Negeri website or on-site at their offices, did you know that family caregivers can get additional rebates?
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How Do I Claim Travel Expenses For Hospital Appointments
Carers in Malaysia are entitled to several tax deductions for expenses during the year. In this article, we break down everything you need to know about relevant tax relief as a family carer.
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Here are 9 types of tax reliefs you can claim to maximize your tax refund and reduce your taxable income:
A total claim amount of RM9, 000 is automatically given to each individual and any dependents they have upon filling out the Inland Revenue Board Of Malaysia (LHDN) E-Form.
Children who are caring for parents with a medical condition certified by a medical practitioner are entitled to an additional allowance of RM5,000 for any expenses incurred from special treatments or medical needs. This includes any medical care or treatment provided in a nursing home or even dental treatment such as tooth extraction, fillings and scaling. Cosmetic dental treatment, crowning, root canal and dentures are NOT included in the deduction.
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If the parents under the child’s care are considered healthy, a total claimable amount of RM3,000 is applicable of which a relief of RM1, 500 is allocated for each parent. It is important to note that only one (1) child is allowed to claim parental allowance in any year and the annual income of each parent must not exceed RM24,000.
A total tax relief of RM6,000 is available for the purchase of basic support equipment for a disabled loved one under the care of an individual. This includes hemodialysis machines, wheelchairs, artificial legs and hearing aids but excludes glasses and optical lenses. It is also important to note that the elderly loved one must first be registered with the Department of Social Welfare (DSW) as a disabled person in order to claim the equipment.
Need help caring for the elderly? For more information on how to help with your care needs, fill out this form and our Care Advisors will reach you within 24-hours!
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Apart from the parents’ medical expenses, a total amount of RM8,000 can also be claimed for yourself, spouse or children. This includes treatments for serious illnesses such as:
Can also claim for other similar diseases such as heart attack, pulmonary hypertension, chronic liver disease, fulminant viral hepatitis, head trauma with neurological deficit, brain tumor or vascular malformation, major burns, major organ transplant and major amputation of limbs.
You can also claim tax relief for the COVID-19 vaccination and swab test costs of up to RM1,000 for yourself, your spouse and your children.
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A full medical check-up, including mental health examinations for oneself, spouses or children can be had for a total of RM1, 000. However, this amount is also included in the maximum maximum RM8, 000 exemption for medical expenses for serious illnesses.
7. Disabled child A total assistance amount of RM6,000 is given to a disabled child who is not married. If the unmarried, disabled child is pursuing higher education in Malaysia or abroad at degree level or higher, an additional RM8,000 can be claimed. This brings the total tax claimable amount to RM14, 000 for one child. 8. Life insurance and EPF
As a way to encourage Malaysians to sign up for life insurance, a total claimable amount of RM7,000 is provided for life insurance and EPF for pensionable public servants. For individuals working in the private sector, a total claimable amount of RM3,000 is available for the YA2022 assessment. This tax relief includes insurance premiums paid for a spouse but not for children under the care of an individual. Individuals working in the private sector who contribute to EPF or any other approved method can claim RM4,000 for YA2022.
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Lastly, caregivers can enjoy a total tax relief of RM3,000 for any payment made in the insurance premium for the education or medical needs of a spouse or child.
For more information on tax relief in the year of assessment 2020, please see the sample notes here.
Finding the right caregiver is an important and very personal process. To help you with the care process, offers a zero-commitment consultation with its Care Advisors to better understand the care needs of your loved ones and provide an explanation of the services that can be provided.
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Also offers care packages that help you save up to 20% on care costs. Alternatively, you can consider a la carte service options to better suit your care needs.
Fathima is a graduate of English linguistics who found her calling in the field of marketing. In her free time, Fathima enjoys café hopping, doing arts and crafts, and cooking. Fathima is also a cat mom of four and loves all things kawaii aesthetic!
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