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Economy08:58 · 3h ago

Tax Authority Advances Work Grant Payments Ahead of Jewish Holidays

Ice
Translated & summarized from Ice by baba
The story · English

The Israel Tax Authority has announced it will advance the second payment of the Work Grant for the 2025 eligibility year to Wednesday, September 9, 2026. This payment, typically disbursed on October 15, will be delivered over a month earlier than legally mandated, allowing recipients to utilize the funds during the High Holy Days.

Eligible individuals will receive the money directly in their bank accounts by the end of next week. The Work Grant is designed to improve the economic situation of low-wage workers, reduce socioeconomic disparities, and incentivize labor market participation. Applications are submitted online via the Tax Authority's website.

The grant is paid in installments, with the second payment usually occurring on October 15 of the eligibility year. This year's early disbursement is a measure taken due to the proximity of the High Holy Days.

Eligibility extends to employed and self-employed individuals aged 21 and over who are parents, or those aged 55 and over, provided their income meets legal criteria. Since 2024, an additional grant is available for parents of toddlers (up to age 3). Furthermore, employed women born after January 1, 1960, aged over 60, and meeting the legal income requirements, can apply for an advance on their 2026 Work Grant.

Applications for the 2024 Work Grant can still be submitted online through the Tax Authority's website until December 31, 2026.

Read the original at Ice
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