📉 Tax Relief in 2025: Will the IRS Reduction Decrease Refunds in 2026?
The Portuguese government has announced a new IRS (personal income tax) cut for 2025, which will have a direct impact on the monthly income of millions of families. The measure, to be applied starting in September or October, provides for a reduction of between 0.4% and 0.6% in IRS rates, with immediate effects on taxpayers’ wallets — but also with future implications for IRS refunds.