Tax Refund Opportunities When Changing Jobs or Position During the Year
Changing employers or taking a career break during a single tax year is one of the single most frequent causes of tax overpayment for Israeli employees.
4 Key Scenarios Creating Tax Overpayments:
- Unemployment Gaps Between Jobs: Income tax is calculated assuming 12 continuous months of earnings. Gaps create unutilized tax brackets.
- Salary Fluctuations: Moving from a higher paying position to a lower paying role (or vice versa) without year-end tax coordination.
- Severance & Compensation Payouts: Miscalculated tax withholding on retirement grants and accumulated vacation payouts.
- Simultaneous Dual Income Without Tax Coordination: Temporary overlap between old and new employer payrolls.
Our firm submits retroactive tax refund claims covering the past 6 tax years to return your money.
๐ Changed jobs in the last 6 years? Check your tax refund entitlement at 2 Khuri St, Haifa.
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