Taxpayers can still claim Youth IRS for past years
Taxpayers who missed the opportunity to claim the Youth IRS (IRS Jovem) in their 2023 or 2024 tax returns can still submit a correction. The tax authority allows for a replacement declaration until June 30th, though a standard fine of 25 euros typically applies to these late submissions.
IRS Jovem is a tax benefit that provides a partial exemption on employment income for young workers aged 18 to 26 during their first five years of work. It helps young professionals retain more of their earnings by reducing their income tax (Imposto sobre o Rendimento de Pessoas Singulares) liability. As of 2024, these taxpayers are eligible for the automatic tax return system, simplifying the annual filing process.













































