Friday April 26, 2024

1.8.4 Israel

Israel

Trusts:  Trustees must withhold 30% of the taxable amount paid from a U.S. non-grantor trust to a nonresident alien who is a resident of Israel.

CGAs:  Charities are not required to withhold any amount of tax from charitable gift annuity payments.
A citizen or resident of the United States may claim a charitable deduction for a gift made to a qualifying Israeli charity amounting to 25% or less of the taxpayer's Israeli source income. An Israeli resident may similarly claim as a charitable contribution donations to qualifying United States charities. Article 15-A.

Trusts


Trustees must withhold 30% of the taxable amount paid from a U.S. non-grantor trust to a nonresident alien who is a resident of Israel. Sec. 1441(a)

CGAs


Charities are not required to withhold any amount of tax from charitable gift annuity payments. Pub. 515, Table 1.



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