You know that I love to help people with their Parnasa.
Usually that is a rather long process, involving tiresome words like marketing, cash-flow, and LinkedIn.
But here is a tip that could help you get a super-easy parnasa boost (at least for Israel residents in a particular income bracket).
The Israeli Income Tax Authority is offering cash grants to anyone who earned between NIS 2,050 and NIS 6,109 per month on average in 2012. The grants can be as much as NIS 6,000 – free money, directly deposited in your bank account.
This program is officially called “Ma’anak Hachnasa” (income grant) but everyone seems to call is “Mas Hachnasa Shlilit” (negative income tax).
The grants, which aim to make it more worthwhile for folks in the lower income brackets to work, it specifically targets working parents and older people. It is only available to parents of minor children or people over the age of 55.
Sadly, it’s not as good for self-employed people. Instead of getting cash, your grant will be deducted from future tax payments. (Thank you Miriam Deutscher for reading the fine print.)
This grant may be old news for some organized, well-informed tax-mavens, but the sad reality is that most people don’t know about it and never claim their grant.
To apply, all you have to do is go down to your post office and tell the clerk your work details. Take a check book with you, so they can verify your bank account details, and, of course, your ID card. He/she prints out your form and you sign it.
Then put your feet up and wait for the cash to roll in. Or else get back to work in your tireless efforts to move up a tax bracket so that next year you’ll no longer qualify for the grant .
So… what do you want to hear first: the good news or the bad news?
The Bad News
The final day for submitting your form was June 30, 2013. So if you haven’t already submitted it, you missed out.
The Good News
Thanks to the holy Israeli minhag of postponing all tax deadlines a few times, the Tax Authorities just announced that you now have until November 30, 2013, to request your grant for the 2012 fiscal year. (Thanks to last week’s Hamodia for letting me know about that.)
To get more details about the program, click here.
To calculate how much you stand to earn from the grant program, click here.
Either way… may we all be blessed with lots more parnasa!
PS. Be sure to share this info everywhere. Just think of how many people will thank you when they get their grant.