Longg8 Clutched March 5, 2012 Share March 5, 2012 (edited) its the time of the year again... i almost fell off my chair when i saw the estimated tax payable..... any ideas to claim more deductibles (legally of cos!).... Edited March 5, 2012 by Longg8 ↡ Advertisement Link to post Share on other sites More sharing options...
Vid Hypersonic March 5, 2012 Share March 5, 2012 its the time of the year again... i almost fell off my chair when i saw the estimated tax payable..... any ideas to claim more deductibles (legally of cos!).... Donate to charity Link to post Share on other sites More sharing options...
Nullifi3d 4th Gear March 5, 2012 Share March 5, 2012 its the time of the year again... i almost fell off my chair when i saw the estimated tax payable..... any ideas to claim more deductibles (legally of cos!).... Must be a big earner! Link to post Share on other sites More sharing options...
Longg8 Clutched March 5, 2012 Author Share March 5, 2012 Must be a big earner! nope...below 120k....but the tax payable still a substantial amount to me......because i live a frugal lifestyle.. Link to post Share on other sites More sharing options...
Longg8 Clutched March 5, 2012 Author Share March 5, 2012 Donate to charity done.... Link to post Share on other sites More sharing options...
Nullifi3d 4th Gear March 5, 2012 Share March 5, 2012 nope...below 120k....but the tax payable still a substantial amount to me......because i live a frugal lifestyle.. Insurance premiums paid for the year, can also declare. But i think only maximum of 2 policies. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear March 5, 2012 Share March 5, 2012 I am so lucky, I think my tax is $0 after NS and parents deductibles. Link to post Share on other sites More sharing options...
Blackyv Turbocharged March 5, 2012 Share March 5, 2012 Insurance premiums paid for the year, can also declare. But i think only maximum of 2 policies. I thought with cpf exceeding certain amount, can't claim insurance anymore right?.... He earn 119k already, don't think can claim insurance deductable.. Link to post Share on other sites More sharing options...
Longg8 Clutched March 5, 2012 Author Share March 5, 2012 Insurance premiums paid for the year, can also declare. But i think only maximum of 2 policies. oh really??? hmm okies, i go google it..thanks! but my insurance premium is paid out from CPF medisave.....can claim? Link to post Share on other sites More sharing options...
Longg8 Clutched March 5, 2012 Author Share March 5, 2012 I thought with cpf exceeding certain amount, can't claim insurance anymore right?.... He earn 119k already, don't think can claim insurance deductable.. ya..you are right man~ http://www.iras.gov.sg/irasHome/page04.aspx?id=208 Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged March 5, 2012 Share March 5, 2012 I thought with cpf exceeding certain amount, can't claim insurance anymore right?.... He earn 119k already, don't think can claim insurance deductable.. confirm u r rite... unless the IRAS policy change this year.... not to mentioned 120K, even at 60K, u wont be able to claim a single cents from insurance policy... Link to post Share on other sites More sharing options...
Maroon5 5th Gear March 5, 2012 Share March 5, 2012 TS, save your tricks for next YA ba..its too late now Link to post Share on other sites More sharing options...
Kangadrool Supersonic March 5, 2012 Share March 5, 2012 Subscription to professional and trade bodies can also claim relief. Link to post Share on other sites More sharing options...
Longg8 Clutched March 5, 2012 Author Share March 5, 2012 Subscription to professional and trade bodies can also claim relief. im trying to see if i can claim some course fee relief...... well, having said that, i guess there's very little i can do... http://www.iras.gov.sg/irasHome/page04.aspx?id=194 Link to post Share on other sites More sharing options...
Dafansu Turbocharged March 5, 2012 Share March 5, 2012 (edited) I thought with cpf exceeding certain amount, can't claim insurance anymore right?.... He earn 119k already, don't think can claim insurance deductable.. CPF total contribution exceeding 5k contribution cant claim Edited March 5, 2012 by Dafansu Link to post Share on other sites More sharing options...
Dermocyma Neutral Newbie March 5, 2012 Share March 5, 2012 have, but cannot tell in public, otherwise they find out loophole then no use liao. the best hack will never be discovered! Link to post Share on other sites More sharing options...
Solar Turbocharged March 5, 2012 Share March 5, 2012 have more kids... Link to post Share on other sites More sharing options...
Voodooman Supersonic March 5, 2012 Share March 5, 2012 have more kids... I dun see it as better for cash flows but it can be priceless. Anyway tried SRS for tax relief? ↡ Advertisement Link to post Share on other sites More sharing options...
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