[Trending News] IRS 2025. Guide not to fail deadlines or lose money

Taxpayers have until Tuesday, February 25, to validate invoices at the Finance Portal, ensuring that all 2024 expenses are correctly accounted for for IRS deduction purposes. Anyone who does not comply with this deadline can lose important tax benefits, such as health, education and housing deductions, resulting in a lower reimbursement or a higher tax to pay.

How to validate invoices and avoid losing tax deductions?

Validation of invoices should be done through the E-Factment portal. For this, taxpayers should:
• Access the Finance Portal
• Check that all 2024 invoices are recorded and correctly classified
• Correct or manually reclassify invoices that are wrong

The final value of the deductions will be automatically calculated by the Tax Authority and may be consulted from March 15.

What if I didn't communicate the household in time?

If the family aggregate communication failed until February 17 may face complications in the delivery of the statement, but the good news is that it can still correct the information by submitting the IRS statement, as Deco Proteste explains.

Cases such as marriage, divorce, birth of children or death of an aggregate member may impact the calculation of tax payable or receivable. In addition, it may lead to errors in the statement and, in some cases, oblige the submission of a replacement statement, subject to penalties. Therefore, be sure to update at the time of delivery of the statement.

• Until February 25: Validate invoices in e-start
• Between March 15 and 31: consult and correct deductible expenses considered by the tax authorities
• From April 1 to June 30: Delivery of the IRS Declaration
• Until August 31: If you are entitled to reimbursement, the Tax Authority has until this date to return the IRS