If you have a life insurance policy or a kupat gemel savings account, you have 10 days left (until the end of the tax year) to capitalize on the tax benefits by making a deposit by Dec 31st.
If you are self-employed use the deposit slip to claim your tax deduction when filing your taxes.
If you are a salaried employee, you will need to submit the original deposit slip to the payroll department at your place of work.
You need to state on the deposit slip that no one except you will be utilizing the deposit slip for the tax benefits and sign it.
The tax credit will show up on your December payslip.
The credit is 35% of whatever you deposit. Not a bad deal, but you have to hurry – time is almost up !
Moshe Egel-Tal, CSPP
Founder and CEO, Israpay "making payroll simple"
Site: http://www.israpay.com
Email: mo***********@gm***.com
Skype: motal7
Snail Mail: p.o. box 44429 Jerusalem, Israel 91443
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