Verified July 16, 2026 · Enacted law

2026 New Oleh Tax Benefit Calculator

Estimate the temporary exemption for qualifying Israeli earned income. This version uses the enacted annual caps and applies 2026 proration for people who become Israeli residents during 2026.

Important: this is not a blanket five-year ₪1 million exemption. The cap changes by tax year, and close-relative income has a separate limit.
Separate reporting change for 2026 residents: This calculator estimates the temporary exemption for qualifying Israeli earned income only. If you first become an Israeli tax resident on or after January 1, 2026, Amendment 272 removed the special reporting exemptions covering exempt foreign income and the treatment of foreign assets in capital declarations. The 10-year tax exemptions for qualifying foreign-source income and gains may still apply, but tax-exempt does not mean non-reportable. See the 2025 vs 2026 reporting comparison.
Calculator informationMethodology · Version history
Version2026.07.2
Last checkedJuly 16, 2026
Information typeRegulated benefit estimate
Source basisEnacted law and Tax Authority guidance

Known limits: Eligibility, qualifying-income classification, related-party arrangements and individual rulings are not determined by this tool.

Update policy: Material rule changes and corrections are logged on the version-history page.

The full benefit period at a glance

For the income and residency date entered above, this is how the exemption plays out across every year of the program. The cap changes each year by law — ₪600,000 in 2026 (prorated from your arrival date), ₪1,000,000 in 2027 and 2028, then ₪350,000 in 2029 and ₪150,000 in 2030.

Tax yearExemption capExempt incomeEstimated taxEstimated saving
2026
2027
2028
2029
2030
Total

Assumes the same annual income and credit points in every year. Totals are indicative — income, rates, and credit points change over time.

Applicable annual cap
Estimated exempt income
Estimated taxable income
Tax without benefit
Tax with benefit
Estimated tax saved
Effective income-tax rate with benefit
Calculation methodTax ordinary income remaining after the qualifying exemption

Enacted annual caps

Tax yearGeneral capClose-relative income cap
2026₪600,000, prorated for the residency period in 2026₪140,000, also subject to 2026 proration
2027₪1,000,000₪140,000
2028₪1,000,000₪140,000
2029₪350,000₪140,000
2030₪150,000₪150,000 general cap
Primary sources

The enacted Knesset law sets the qualifying arrival window, annual caps, close-relative cap, and 2026 proration. The Israel Tax Authority’s Circular 07/2026 explains implementation.

Scope: simplified annual Israeli income tax only. It assumes the entered amount is qualifying earned income and does not model business deductions, spouse calculations, National Insurance, pension credits, foreign income, foreign-asset or foreign-income reporting, losses, special tax rates, additional surtaxes, tax treaties, cessation-of-residency rules, or advance-ruling requirements. Close-relative arrangements require professional review.

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