Income Tax
Found 4 recent publications
Tax benefits: credit, deduction, ceilings and who actually uses them
For every shekel deposited into pension savings, the state returns a portion through two completely different mechanisms: a credit (zikuy) under Section 45a, which reduces the tax itself, and a deduction (nikuy) under Section 47, which reduces the taxable income. The guide explains the difference, shows a full calculation of how much a self-employed person saves on an income of 280,000 shekels...
2026 Tax Brackets: 20% up to 19,000 Shekels and 31% up to 25,100
The 20% tax bracket has been expanded from 16,150 to 19,000 shekels per month, and the 31% bracket up to 25,100 shekels, a change resulting in monthly savings of up to 420 shekels.
To what extent will the income tax rate be affected by the conscription of Haredim?
Liberman said that without universal conscription and an extension of service, income tax would have to rise by 16%. This number does exist in official opinions, but it describes something slightly different. The 'Whistle' from Globes.
The Tax Authority reminds immigrants of tax benefits
Did you immigrate to Israel in recent years? The Tax Authority reminds you of the benefits that can reduce your tax liability in your first years in the country, alongside tax exemptions on certain income from abroad. And what has changed for those who immigrated in 2026?