Education expenses incurred by Portuguese families can be deducted from IRS at 30% of the amount paid, up to a global limit of 800 euros. This information was released by the Government on the occasion of the beginning of the new school year. With the back to school, parents face various expenses related to their children's education, including the purchase of books, school supplies and other items necessary for the academic year. This tax deduction measure aims to support Portuguese families in managing educational expenses, allowing them to recover part of the investment made in education. The benefit applies to general education expenses and is subject to a maximum limit of 800 euros per household, representing a significant tax relief for families facing the costs associated with back to school.
Back to school: education expenses can be deducted from IRS up to 800 euros
Why this matters
Portuguese families that have education expenses, such as books and school supplies, can benefit from a 30% tax deduction on IRS up to 800 euros. This information is relevant for taxpayers who wish to optimize their tax return and reduce the financial impact of back to school. WHY: Portuguese families with school-age children can benefit from a significant tax deduction when declaring education expenses on their IRS, with a potential reimbursement of up to 800 euros. This government measure aims to support households with back-to-school expenses, alleviating the costs associated with purchasing school materials and books.
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