Year-End Tax Guide Offers Tips for Employees and Self-Employed
Summarized from The Jerusalem Post by baba
As the 2026 tax year ends, CPA Yoram Shifer advises proactive tax planning for both employees and the self-employed to secure potential refunds. Key strategies include maximizing pension and study fund deposits, strategically timing expense recognition and income reporting, and checking paystubs for pension contributions on bonuses. Salaried employees and combat reservists may also be eligible for tax credits and refunds. Shifer urges prompt action before the year-end deadline to take full advantage of available tax benefits.
The story in 6 lines · by baba
- Self-employed individuals can save up to NIS 16,000 by depositing NIS 38,412 into pension funds by year-end.
- Salaried employees can claim tax refunds for "uninsured salary" components of their pay.
- Combat reservists are eligible for tax credit points worth up to NIS 11,616 annually.
- Donations to approved charities may qualify for a 35% tax credit if reported through the Tax Authority system.
- Returning residents may benefit from income tax exemptions on personal exertion income until 2030.
- CPA Yoram Shifer urges prompt action to maximize tax benefits before the year-end deadline.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
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