Newsletter
Newsletter Support JNS

Knesset passes bill granting child tax credits

Each credit point is worth NIS 2,796 ($835) and applies to 610,000 working parents.

Israel shekels. Credit: Pixabay.
Israel shekels. Credit: Pixabay.

The Knesset passed a bill in its second and third readings giving parents child tax credits.

The Joint Arab List supported the bill, which allowed it to pass even as the opposition parties announced that they would oppose all government legislation.

The bill results from an initiative by Israeli Finance Minister Avigdor Lieberman as he grapples with the steadily rising cost of living.

According to a report in the business daily Globes on Tuesday, the bill will give a tax credit point for each child between the ages of 6 and 12. Each credit point is worth NIS 2,796 ($835) and applies to 610,000 working parents.

The bill will cost 500 million shekels ($149 million).

The U.S. president’s initial five-day pause had been set to expire on Saturday.
Sgt. Aviad Elhanan Wolansky was fatally wounded and four other soldiers were injured when terrorists fired missiles at his tank north of the Litani River.
Judeo-Persian manuscript honors the Montefiores and their connection to the rebuilding of Jerusalem.
Foreign visitors caught in Israel amid escalating conflict describe disrupted travel, sleepless nights and a growing sense of solidarity as they wait for flights home.
Lior Chorev, a veteran strategist recently added to the former prime minister’s campaign team, once wrote on X that “Trump’s Truth is like Iran’s democracy.”
The IDF degrades Iranian missile stockpiles and targets nuclear research facilities while the Israeli home front faces persistent yet reduced attacks.