Simulation and planning tool. Results are NOT tax advice. Before filing, verify data with a certified TOC.

10 common IRS filing mistakes

#1

Forgetting retenção na fonte

Check in Recibo de Vencimento or Portal das Finanças.

#2

Not providing NIF on purchases

Without NIF expenses don't appear in e-Fatura — you lose deduction up to €250.

#3

Confusing income year with filing year

Income 2024 → filing April–June 2025, but 2024 parameters apply.

#4

Not checking englobamento

If income below €21,321 (2024), englobamento for dividends may be better than 28%.

#5

Forgetting SS contributions for Cat A

They increase dedução específica and reduce taxable income.

#6

Missing 50% exclusion for real estate

Applies to residents and EU/EEA non-residents.

#7

Crypto — missing the 365-day rule

From 2023, crypto held more than 365 days is tax-exempt.

#8

Joint filing — not comparing both options

Joint filing is not always beneficial. Compare before filing.

#9

Rental without registered contract

Contract must be registered with AT (RIAC) for deduction.

#10

NHR/IFICI — activity classification error

Not all activities qualify. Check Portaria 230/2019 or 340/2024.

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