Tuesday, August 20, 2013

Negative Income Tax (Israel)

Just a friendly reminder about the negative income tax for 2012. This is basically a tax refund for working families. There are various qualifications to meet - basically someone who works and is age 23+ with children under the age of 18, or age 55+, even without children. The deadline to file based upon your 2012 earnings is September 30, 2013.
It's easy. Just go into the post office (not all post offices do all tasks, please verify which branch to use), with your Teudat Zehut and your bank account information (take a check, everything they need is on there, or get a letter from your bank, the banker will have a form to fill out and stamp if you don't have a check. Just knowing your account # and branch # isn't enough, it needs to be "official".). Let the clerk know that you want to apply for "mas shleelee". Answer a few questions, and then go home. Your approval may take a few weeks, and you'll be given instructions for checking the status online.

This program is open to people who earned, on average, no less than 2041 shekels per month and no more than 6645 shekels per month (the exact amount that will qualify you depends upon various factors). Even if some months you earned more, if you were unemployed or under-employed for part of the time, you may qualify. In some cases, people who are (legally) self-employed qualify as well... If you were employed by a relative, you are not allowed to claim this benefit.


If you have questions about this program, please call the tax authority at *4954.

Check it out and see if you qualify! Some people will get a nice big "refund" and others will just get a token amount. Still many others will not qualify, because they are decently employed.

B'hatzlacha. 


UPDATE: The deadline for the 2012 tax year has been extended to November 30, 2013!

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6 comments:

  1. Last year I got a letter about this from mas hachnasa and just took the letter and my cheque book to the post office. This year I didn't have a letter so I did it at the mas hachnasa office when I arranged my teum mas.

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  2. Now you tell me. Oh well, maybe (I hope NOT) next year...

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  3. Oh well, NOW you tell me! Nu, maybe (I hope NOT) next year...

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    1. Sorry you missed all my earlier notices, Gidon!! I posted this in August, originally. Maybe you can still do it - rumor has it the deadline has been extended.

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  4. Today (1 Oct,) I called the tax office 02 - 5656400, and filed the form at my local PO -- as per list on the site http://www.israelpost.co.il/modiin.nsf/vYehidotByName?SearchView&Query=[Services]=%22id%3D151%22&start=1&SearchOrder=4&count=250
    so seems that the deadline was extended. Thanks for the heads up. Hoping for the best, and a better year ahead! dSimchah. DOES ANYONE KNOW: If you work via Teum mas , are you categorized as sachir (employed) or atzmaute (independent) ?

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    1. teum mas means you are working for more than one place, right? that would be "sachir", as far as I know

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