Income Tax Credit Points for New Olim

🔍 What are credit points?
Credit points are received based on individual factors (such as being a parent, a soldier, studying in an institution of higher education, etc.). Credit points reduce the amount of income tax that would have been due.

💰 The value of one credit point in 2026 is 2,904 NIS per year (242 NIS per month).

✅ The benefit applies to all taxable income.

✈️🏠Credit points for Olim

New olim are entitled to credit points in the first years of following aliyah (in addition to the points based on other individual factors):

📆 Those who made aliyah from Jan 1, 2022 and onwards receive credit points for the first 4.5 years of aliyah.

📆 Those who made aliyah before Jan 1, 2022  receive credit points for the first 3.5 years of aliyah.

⏸️ In the following cases, you can request that the period not be counted towards the eligibility period for tax credit points: regular military service, national service (sherut le'umi), post-secondary studies, leaving the country for a period of 6 months to 3 years.

📝 How do you exercise the right?

– Employees: Fill out Form 101 + attach your teudat oleh and submit to the employer. Please note, if you work for more than one employer, a te’um mas (tax reconciliation) must be completed. https://www.gov.il/en/service/itc101

– Self-employed: When submitting your annual income tax report, attach Form 1301 and your Teudat Oleh. https://go.gov.il/tax-report-1301-he

🔙 You didn't receive the benefit?

You can apply for a retroactive tax refund for up to the preceding 6 years! See more here: https://www.gov.il/en/pages/tax-return-application-guide

Additional questions?

📞 Tax Authority Information Center: *4954
🌐 https://www.gov.il/en/pages/immigrant-guide-1

Information from the Ministry of Aliyah and Integration