There are only 15 days left until the end of the year. But know that you still have the opportunity to increase your 2024 income tax refund.
2024 is on its last legs, but don’t worry… there’s still a lot that can be done to improve the IRS.
Jornal de Notícias (JN) prepared one of the measures it can take to benefit from greater reimbursement.
The morning newspaper had the help of the jurist from Deco Proteste, Magda Canasto explain the six “tricks”:
- Request and validate invoices
- Subscribe to a PPR
- Anticipate consumption
- Manage capital gains
- Certify disability
- Join IRS Jovem
One by one:
“Request and validate invoices”
The first (and old) recommendation is, straight away, always ask for invoices with CPF (CPF) and see the items that are not yet exhausted.
Magda Canas warns that invoices Health, Education, Housing and Homes are “the most valuable“.
For invoices to count, they must be requested by December 31st. Don’t forget, after the validate. For this there is until February 15th – JN alert.
“Subscribe to a PPR”
After the invoices, the signature of a Retirement Savings Plan (PPR) and the advice that saves the most on the IRS.
Taxpayers under 35 years of age can deduct a maximum of 400 euros as long as they invest up to 2000 euros in PPR. Between 35 and 50 years old, you can deduct up to 350 euros as long as 1750 euros are applied. Those over 50 can deduct up to 300 euros as long as they invest 1500 euros.
“Anticipate consumption”
If you have an expense planned for next year, you can think about bringing it forward if you have not yet reached the deduction limit in that category.
“Managing capital gains”
As for the category G income (capital gains, which include sales of open-ended investment funds, bonds, national and foreign shares and the redemption of participation units in foreign investment funds), as suggested by JN, it may be useful to sell them at a loss to reduce the amount payable to the IRS.
Advises each consumer to do the math to see if it pays off, using the simulator available on the Finance Portal.
“Certify disability”
As JN advises, if a taxpayer or a family member had a problem that could lead to a multipurpose certificate with a disability above 60% has many associated advantages. One of them is a more favorable IRS regime.
“In this case, Magda Canas advises talk to a doctor later this year“so that this certificate can be issued in 2024”.
“Join IRS Jovem”
Taxpayers up to 35 years of age can contact their employer and communicate their decision to join the Youth Income Tax, so that, when filling out the Income Tax declaration, it is already completed on this basis.
