New Portuguese Podcast Simplifies IRS Filing for Taxpayers Ahead of Deadline
A new podcast is helping Portuguese taxpayers navigate the complexities of filing their IRS returns. Contas-Poupança, hosted by personal finance journalist Pedro Andersson, offers practical advice on maximising deductions and understanding tax schemes. With episodes released twice weekly, the show aims to simplify tax decisions before the filing deadline.
The podcast Contas-Poupança airs every Monday and Wednesday at 7 a.m. It is available on all major podcast platforms, as well as the websites of SIC Notícias and Expresso. Andersson's episodes cover topics like tax benefits, deductions, and the pitfalls of relying solely on the Automatic IRS system.
One key focus is the *Jovens IRS* scheme, introduced in 2023. This initiative reduces the tax burden for young workers aged 18–30 by exempting up to 100% of IRS tax on the first €14,000–€28,000 of annual income, depending on age. The scheme runs through 2025, with possible extensions under discussion. For example, a 25-year-old earning €25,000 in 2024 could save around €2,500–€3,000 compared to pre-scheme rates. The policy aims to increase net income for young professionals and combat youth emigration. The show also highlights lesser-known tax options, such as aggregating income or claiming specific deductions. These strategies can lead to significant savings, especially for those unaware of available benefits.
The podcast provides timely updates on schemes like Jovens IRS while encouraging listeners to review their tax situation carefully. By exploring attachments, deductions, and aggregation options, taxpayers may avoid overpaying. The latest episodes are accessible now, offering guidance before the filing season begins.
