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I currently have $50,700 in tax relief, as below. Wondering if there's anything else I might be able to claim to reach the $80k cap?
1) Earned income = $1,000
2) NSmen (self) = $1,500
3) Provident Fund / Life Insurance = $20,400
4) Course Fee = $5,500
5) CPF cash top-up relief = $7,000
6) SRS relief = $15,300
(Background info: My wife and I are salaried employees with no kids. Both of our parents are working and have reached the CPF FRS cap)
Thank you!
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In addition to the list:
CPF MA top up (up to $7000)
CPF SA top up (up to $7000)
Topping up parents' CPF (up to $7000)
Donation (2.5x deductible in taxable income)
Parent Relief (up to $9000)
Angel Investors Tax Deduction Scheme
Life Insurance Relief
You can check out IRAS for more information.