Mortgage loan holders will retain their monthly IRS withholding tax reduction, ensuring financial relief for eligible individuals.
Individuals with housing loan contracts for their primary residence, who are employed and earn a gross monthly salary of up to 2700 EUR, have the opportunity to request a reduction in their withholding tax.
Since this reduction is optional, taxpayers must inform their employers of their intention to avail themselves of this benefit.
By doing so, they can enjoy a decreased IRS rate, just below the bracket that aligns with their monthly income within the context of their family situation, providing immediate financial advantages.
Tax Department
Sofia Quental | Flávia Almeida | Catarina Amaral
