Thursday, July 11, 2024

Maanak Avodah 2023 - Reminder to apply!



It's time for your yearly reminder to check if you might be able to claim this benefit! Maybe you've heard about this already, and maybe this is new information for you. There is a reverse-tax benefit in Israel for low-income families. It's called the "Maanak Avodah" or "Working Grant". The point of this grant is to put more money in your pocket if you earn less than a certain amount of money!

Please don't miss out on this if you qualify - apply as soon as possible in order to avoid disappointment later. It won't take much of your time to apply, and you can do it now, BEFORE YOU FORGET! Right now, you can still apply for the 2022 grant AND the 2023 grant. 
  
Updated information for the 2023 grant: 

Who can apply for this grant?


You can apply for this grant if: 


1. You were employed or self-employed
 

2. You were 21 years of age or older, and have minor children*, or 55 years of age or above, even if you have no minor children
 

3. You did not own more than 50% of a property or rights to a property (anywhere in the world) in the 2022 tax year, other than your primary residence
 

4. If you have one or two children, or are age 55+ without children, and your average monthly income falls between 2,320 and 6,980 you may be eligible for this grant. If you are a single parent of 1-2 children (with custody of your minor children), your average monthly income must fall between 1,420 and 10,570 NIS to qualify×¥
 

5. If you have 3 or more children, and your average monthly income falls between 2,320 NIS and 7,650 NIS, you may be eligible for this grant. If you are a single parent of 3 or more children (with custody), you may qualify if your income is between 1,420 and 12,900 NIS per month.

*children who are counted are those who are under the age of 19 as of 31/12/2023

How do you apply? 


Online, using the Israeli tax website - this option allows you to apply for 2023 and 2022 if you missed this reminder last year.
OR
At the post office, where you'll need to answer a few questions. BE SURE to bring your teudat zehut (ID card) and either your checkbook or an "ishur" from your bank that you have an account with them. Please keep any paperwork you receive at the post office and/or in the mail. This option only allows you to apply for 2023.

If you have questions after you've applied, or to check the status of your application, you can check the status of your request online in your "eizor ishi", or call *4954 or or 02-565-6400 to speak with the Tax Authority. 

Your payment may arrive in anywhere from 1-4 installments.

How much can you expect to receive? 


The amount you receive will vary depending on your circumstances, and if you qualify, could be up to 9,720 NIS.

Your spouse's income may affect your eligibility, as may various other factors.


I hope this helps some of you out there! It's worth it to check if you are eligible.


Please share this information with your friends and family who may benefit from it!

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