Negative Income Tax – 2012 stipend

This week is the last week to file for a 2012 tax year negative tax stipend !

Hurry before it’s too late and check your eligibility today ! Dec 28th 2013 is the last day to file !

Here is a link to the simulator, on the Israel Tax Authority’s site: https://www.misim.gov.il/shmhshlili

The following are the basic criteria for eligibility:

1.  Age 23 and up with children (up to age 19) or age 55 and up with no children

2.  Aside from living quarters you (or your immediate family) do not own any other property.

3. If you have 1 or 2 children or if you are 55 yrs or older w/o children –  Total annual income as a salaried employee or as self-employed in 2012 divided by the number
    of  dependants in your care:  between 2,051 sh – 6,109 sh
    or if you have 3 children or more – between 2,051 sh and 6,717 sh