Good news for hundreds of thousands of workers in Israel: The Tax Authority will transfer today, Thursday, the first payment of the work grant for the 2025 eligibility year. Within the framework of this installment, a total sum of approximately NIS 260 million will be transferred directly to the bank accounts of about 130,000 eligible individuals who meet the conditions established by law.
The work grant is paid by the Authority directly to the bank accounts of those eligible, and its declared goal is to improve the economic situation of workers at lower wage levels, to reduce socioeconomic gaps and to serve as an incentive for their integration into the labor market.
Employees and self-employed individuals aged 21 and over who are parents to children, or workers aged 55 and over even without children, whose income meets the criteria appearing in the work grant guide for the 2025 tax year, are eligible for the grant.
In addition, the Tax Authority notes several special benefits and expansions that apply to the grant:
Grant for parents of toddlers: Starting from the year 2024, an additional work grant is given to an employee who is a parent to a toddler.
Benefit and advancement for working women: Salaried women born after January 1, 1960, whose age is over 60 and who meet the criteria, can submit an application for a work grant and simultaneously receive an advance payment on account of the 2026 eligibility year.
The Tax Authority emphasizes that submitting the application for the grant is simple and easy, and is done online on the Tax Authority website. The grant itself is paid in several installments, depending on the actual date the application is submitted, with the first installment being paid on July 15 of the eligibility year.
For those who have not yet submitted applications for the previous year, the Authority notes that applications for the work grant for the year 2024 can still be submitted online through the Tax Authority website, until December 31, 2026.
Source:
www.jpost.com
