(Tax Update) Personal Tax Reliefs for YA 2025: Your Ultimate Guide

As the Year of Assessment (YA) 2025 approaches, it’s the perfect time to understand the available personal tax reliefs to help you reduce your taxable income. At KTP, we’ve broken down the key reliefs in a clear and simple way to help you maximise your savings.

1. Personal Relief

• Self (Taxpayer): RM9,000

2. Medical Expenses

• Medical Expenses for Parents: RM8,000 for medical treatments, check-ups, and vaccinations.

• Own Medical Expenses: RM10,000 for serious diseases, full medical examinations, and mental health treatments.

• Disabled Person’s Equipment: RM6,000 for supporting equipment for yourself, spouse, or children.

3. Relief for Disabled Individuals

• Disabled Taxpayer: RM7,000

• Disabled Spouse: RM6,000

• Disabled Child (unmarried): RM6,000

• Disabled Child Pursuing Higher Education: Additional RM8,000

4. Relief for Deduction for wife and payment of alimony or maintenance to former wife

• Spouse (no income and combined assessment): RM4,000

5. Relief for Children

• Child Below 18 Years: RM2,000

• Child in Higher Education: RM8,000

6. Insurance and Education-Related Relief

• Life Insurance RM3,000 and EPF Contributions RM4,000: Up to RM7,000.

• Private Retirement Scheme (PRS): RM3,000

• Insurance for Education or Medical Benefits: RM4,000

• School/University Fees: RM7,000 for tertiary education, postgraduate studies, or professional courses.

• SSPN (Skim Simpanan Pendidikan Nasional): RM8,000 for savings deposited for your child’s education.

7. Housing and Family Support

• Interest on Housing Loans for first-time homeowners

• House Price: No more than RM500,000: Tax Relief RM7,000

• House price: Above RM500,000 to RM750,0000: Tax Relief RM5,000

• Childcare Fees: RM3,000 for registered childcare centres or kindergartens.

8. Lifestyle Reliefs

• Lifestyle Expenses: RM2,500 for purchases of books, magazines, broadband subscriptions, and self-skill enhancement courses.

• Breastfeeding Equipment: RM1,000 for breastfeeding essentials (infants below two years old).

• SOCSO Contribution: RM350

• Sports Relief included parents: RM1,000 for purchasing sports equipment, rental or entry fees for sports facilities, and registration fees for sports competitions and gymnasium membership fee

9. Tax Incentives for EV Owners or food waste composting machine

• Relief of up to RM2,500 for the use of electric vehicle (EV) charging facilities or purchasing food waste composting machines.

Plan Smart and Save More

Understanding these reliefs allows you to plan your finances and minimise your tax liabilities for YA 2025. Keep your receipts and proper records to ensure a smooth filing process.

Need help navigating your taxes?

The team at KTP is here to assist you. Contact us for personalised guidance and ensure you’re making the most of your tax reliefs.

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