If you completed higher education or vocational training at a recognized university or college in Israel from 2005 and onwards, you may be eligible for a reduction in taxes. You need to fill out a 119 tax form and attach a photocopy of the degree / certificate as well as a letter from the academic institution, which specifies your name and Israeli ID # and the date upon which you are eligible for the degree and the number of years you studied. You also need to check the appropriate box on the reverse side of your annual 101 tax form and attach the 119 form and photocopies listed above to be handed in to your employer (payroll or HR) Continue reading “Tax Reduction for University Graduates” →