I Found ALL THE INCOME TAX RELIEFS To Save You Money! Updated 2024

[@joshconsultancy]

Not just building and managing an investment portfolio 🌟 Tax planning, CPF, SRS and CPF life understand are key areas I look when I take on a retirement planning case. 👍🏻 ►‌ www.theastuteparent.com/josh-tan ENGAGE Josh Tan on a fee for full retirement planning NOW - Hear the IMPROVEMENTS you can make IMMEDIATELY 👏🏻

[@jesslynnsh]

Thank you!

[@dancingnachos3634]

Thanks for good advice

[@joshconsultancy]

No probs, share with a friend k

[@joyceho8548]

If my parents have maxed out their FRS and have the BHS, does that mean I will not be eligible for Tax relief even if I top up for them?

[@joshconsultancy]

In my understanding not eligible alr

[@woonty9981]

Hi Josh I'm self-employed Remembered 1 year I top-up Medisave & no longer able to VC the full $37,740 You mean now can?

[@joshconsultancy]

Hi since last yr I think can already. 37740 voluntary for self employed is separate from 8000 ma/sa

[@p2246298]

If I and my wife were to top up $8,00 each my mother's Retirement Account (i.e my mother's RA will increase by $16,000), will both of us each get the $8,000 tax relief, assuming my mother's RA is still below the RA maximum balance ?

[@joshconsultancy]

Good question and in my opinion yes. Both can get But do double check with IRAS to be 100% sure =) Anyone who has tried and succeeded before let us know in comments

[@meow-ks5hq]

as a self employed, if I top up the cpf to 37k, can I select all to go into OA? or is it subject to the same split as normal, per my age group? thanks in advance!

[@joshconsultancy]

Hi has to be all accounts split 👌🏻

[@specialgreat]

Self top up cpf will distribute to OA, SA and MA and if your SA and MA already full, then technically your MA contribution will go to OA... So, in short, ur self top up will distribute to OA and SA

[@chekseng80]

No support given to single father due to involuntarily. They should extend working mum's reliefs to this group too.

[@joshconsultancy]

Valid point

[@holypunk12]

Rent money should be allowed to deduct !

[@joshconsultancy]

Rent expenses yes under deductions

[@holypunk12]

@joshconsultancy means tenants can deduct their rental expense ?

[@joshconsultancy]

@@holypunk12 not tenants. landlords earning rent INCOME can deduct rent related expenses Hope it clarifies

[@holypunk12]

@joshconsultancy yea so tenants who forkout insane money no saviours 😊

[@justjerome5206]

Why donate to the university when they have billions of dollars in reserve? 🤔

[@joshconsultancy]

Bursary is to the student 👌🏻🙂

[@florencesim1385]

Billions? I doubt it. I am not asking because I support universities. Personally I support healthcare and needy patients.