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News

| Finance minister unveils new tax breaks, benefits for working families

Zev Stub    
Wednesday, 19 April 1:05 PM

Finance Minister Moshe Kahlon on Tuesday presented a series of tax breaks and benefits he said would increase the net income of poor and middle-class working families by thousands of shekels a year.

Key among them is a plan called “Net for the Family,” a NIS 4 billion a year ($1.1 billion) package that includes subsidies for after-school education frameworks, additional tax credits for working parents of children up to age 6, higher income supplements for low-income earners, equalization of tax credits for working fathers and mothers, and tax cuts on children’s clothes, shoes and cellular phones.

Full Story (The Times of Israel)
        
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