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Friday, May 1, 2009

Supreme Court approves childcare tax deductions

Working parents will now be allowed to deduct their childcare expenses from their taxes, the Supreme Court ruled yesterday, upholding a Tel Aviv District Court decision.

Court vice president Eliezer Rivlin wrote the opinion for the expanded five-justice panel.

Rivlin wrote that childcare expenses were a necessary expenditure to allow parents to work and earn an income, and are a necessary result of natural parental responsibility for their children."

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