חוק הגדלת נקודות זיכוי להורים במס הכנסה והגדלת מענק עבודה (הוראת שעה), התשפ"ב-2022Law Increase of Tax Credits for Parents in Income Tax and Increase of Work Bonus (temporary provision), 2022 · automatic translation · suggest a correction

Official summary of the law (Knesset)

The Law determines that in the 2022 tax year, one additional tax credit point will be given to a parent for a child aged between 6 and 12, meaning that instead of the one credit point that was given to a woman before the Law entered into force, or to a parent in a single-parent family responsible for the children's upkeep – two credit points will be given, and for a man who is not currently entitled to credit points for this age range – one credit point will be given. In addition, the Law increases by 40% the earned income grant (negative income tax), paid in accordance with the provisions of the Law to Increase the Labor Force Participation Rate and Reduce Social Gaps (Earned Income Grant), 2007, for the 2022 tax year. The Law also determines that a person who was entitled to the earned income grant in 2021 will be paid an amount equal to 30% of the grant amount as an advance payment toward the grant for 2022. Such an advance will not be paid to a person who was entitled to unemployment benefits under Chapter 7 of the National Insurance Law for the months of January to April 2022, nor will it be paid to a person who requested that an advance not be paid to them, or to a person who submitted their claim for the 2021 grant after 31 December 2022. In addition, a temporary provision for a period of three years determines that the eligibility age for the earned income grant will be 21 years instead of 23 years.

automatic translation · suggest a correction