Under the Singapore tax system, individuals who support their parents, grandparents, or in-laws may receive tax relief. The IRAS Parent Relief is designed to reduce taxable income, offering significant tax savings for caregivers. This assistance is particularly beneficial for those supporting elderly dependents.
Singapore Relief Scheme 2025
| Details | Information |
|---|---|
| Tax Relief Amount | Up to $9,000 per dependent |
| Eligibility | Singapore citizens or permanent residents supporting parents/grandparents |
| Income Cap for Dependent | Not exceeding $4,000 annually (excluding CPF payouts, annuities, and insurance claims) |
| Claim Deadline | April 18, 2025 (for paper filers) |
| Application Process | Through myTax Portal on the IRAS website |
| Official Website | IRAS Official Site |
What is IRAS Parent Relief?
Parent Relief is a tax relief available for individuals who provide financial support and caregiving to their parents or grandparents. This tax relief helps caregivers reduce their taxable income, lowering their overall tax burden.
The relief applies whether or not the dependent lives with the taxpayer, provided that caregiving and financial support are being provided.
Eligibility Criteria
To qualify for Parent Relief, the dependent must meet the following conditions:
- Must be the taxpayer’s biological or adopted parent/grandparent, or the parent/grandparent of their spouse.
- Must be 55 years or older or have a physical or mental disability.
- Must be a Singapore citizen or permanent resident.
- Annual income must not exceed $4,000, excluding CPF payouts, annuities, or insurance claims.
If multiple siblings are supporting a parent, the relief can be shared among them. However, the total relief claimed cannot exceed the maximum allowable amount.
Tax Relief Amounts
The amount of relief depends on whether the dependent resides with the taxpayer:
| Living Situation | Amount of Tax Relief |
| Parent lives with taxpayer | $9,000 per parent |
| Parent does not live with taxpayer | $5,500 per parent |
A maximum of two dependents can be claimed, which means the total possible relief is $18,000 if both parents live with the taxpayer.
Key Dates for Parent Relief Claims
- Filing Period: March to April 18, 2025 (for paper filers).
- Ensure all required documents and details are submitted before the deadline to avoid delays.
How to Claim IRAS Parent Relief
- Log in to myTax Portal – Visit the IRAS website and log in to your account.
- Go to the Deductions and Reliefs Section – Navigate to the relevant section where tax relief claims can be made.
- Enter Dependent Details – Fill in the necessary details about your dependent(s), including confirmation of their eligibility.
- Submit Before Deadline – Ensure all information is correct and submit the claim before the filing deadline.
Frequently Asked Questions (FAQs)
1. Can I claim Parent Relief for more than two dependents?
No, the maximum number of dependents for which you can claim Parent Relief is two.
2. Can I claim Parent Relief if my parent receives CPF payouts?
Yes, CPF payouts, annuities, and insurance claims are not counted towards the $4,000 annual income cap.
3. What if my siblings also support my parent?
If multiple siblings support the same parent, the tax relief will be shared among them. However, the total claim cannot exceed the maximum amount allowed.
4. Can I still claim Parent Relief if my parent does not live with me?
Yes, but the relief amount will be $5,500 per parent instead of $9,000.
5. Where can I find more information?
For the latest updates and detailed guidelines, visit the IRAS Official Site.
Singapore’s Parent Relief scheme is a valuable benefit for caregivers supporting their elderly parents or grandparents. By understanding the eligibility criteria and tax relief amounts, individuals can maximize their tax savings. Ensure that claims are submitted before the deadline to take full advantage of this financial support.
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