In the 2024 budget, the government made 4 adjustments to the personal income tax relief project. Let’s take a look at what adjustments there are.
1. Sports and fitness programs
Taxpayers can enjoy tax deductions of up to RM1,000 when purchasing sports equipment, sports activity registration fees, gym membership fees, sports training fees, and rental fees for sports facilities. Previously, they could only enjoy RM500.
2. Personal education expenses
Now you can enjoy tax deductions of up to RM2,000 when participating in language, photography, sewing and other courses.
3. Personal medical expenses
The government has expanded tax deductions for personal medical expenses to include dental check-ups and dental treatment expenses. Personal medical expenses have also increased from RM8,000 to RM10,000.
4. Parents’ medical expenses
In terms of parents’ medical expenses, you can now enjoy a tax deduction of up to RM1,000 when you take your parents for a physical check-up.
