In fiscal year 2019, the US provided $3.8 billion in foreign military aid to Israel. Israel also benefits from about $8 billion of loan guarantees. Almost all US aid to Israel is now in the form of military assistance, while in the past it also received significant economic assistance. Between 1974 and 1989, $16.4 billion in U.S. military loans were converted to grants and that this was the understanding from the beginning. Indeed, all past U.S. loans to Israel have eventually been forgiven by Congress.
In addition, there is the more than $1.5 billion in private U.S. funds that go to Israel annually in the form of $1 billion in private tax-deductible donations and $500 million in Israeli bonds.
Should private donations to Israel be tax deductible in the US?
In addition, there is the more than $1.5 billion in private U.S. funds that go to Israel annually in the form of $1 billion in private tax-deductible donations and $500 million in Israeli bonds.
Should private donations to Israel be tax deductible in the US?