Learn how to consult expenses for deductions to the IRS collection. You just need to have your NIF and password to access the Finance Portal at hand.
Every year, starting March 15th, taxpayers can see IRS expensesand respective deductions, on the Finance Portal.
This step is particularly important to verify that the expenses reported to the Tax and Customs Authority (AT), which contain your tax identification number, match your actual expenses, including those that do not appear on the E-Fatura portal.
In addition, by calculating the deductions calculated by the AT, it is possible to have an idea of how much you can deduct from the tax at the end of the year. That is, it allows you to have an idea, even if only approximate, of how much you can receive in reimbursement, if applicable.
What expenses can be consulted?
A large part of the expenses incurred throughout the year and which entitle the IRS to be deducted appear on the E-Invoice. But not all. Some of these expenses are only communicated to AT by the responsible entities later.
This is what happens, for example, with mortgage interest, PPR, house rent, user fees, public school fees or charges for nursing homes (provided they are public entities).
Thus, and only after accounting for all your expenses supported by an invoice or other documents, can the AT determine the corresponding deductions. That is, the amounts that will be deducted from the IRS.
How to query expenses for IRS collection deductions
Each taxpayer has a personal page on the Finance Portal where all expenses communicated to AT in the previous year are presented, as well as the corresponding deductions.
As such, it is important to consult the collection deductions pages of all household members?? If, for example, there are expenses where your children’s NIF is listed (such as tuition fees or others) it is on the dependent’s personal page that they should be consulted.
To do so, just follow these steps.
1. Access the Finance Portal.
two. In the highlights area, click on “Finance – Access Tax Services”.
3. On the next page, in the menu on the left, choose “Services”.
4. Then scroll down the page until you find the IRS section and select “Consult Expenses for Collection Deductions”.
5. Insert the access data to the Finance Portal: NIF and password of the taxpayer in question. If you are consulting the expenses of one of the children, do not forget to enter the dependent’s NIF and access password.
6. On the next page, expenses are presented by category: general family expenses, health and health insuranceeducation and training, real estate charges, housing charges and billing requirements.
In front of each category, the amount supported with these expenses is indicated. Corresponding deductions appear in a progress bar below the category name. When the deduction reaches the limit, the bar appears completely filled with the same color as the symbol??
7. To view each expense, simply click on “See Details” and then “See More”. By doing so, you will have detailed access to information on each expense, such as the name and tax number of the issuer, and the respective amount.
Are these values definitive?
The relevant expenses for deducting the IRS collection are, for the most part, communicated to the AT through the E-Fatura system, the electronic income receipt and the annual declarations presented by public entities and other economic agents.
However, the deduction amounts shown on the Finance Portal page are calculated individually, that is, without taking into account the composition of the household or the taxation regime (separate or joint). This is because these data will only be known upon delivery of the Model 3 declaration from the IRS or the Automatic IRS.
For the same reason, the limit on the sum of deductions for collection is also not considered, nor potential increases in relation to the applicable limits. Remember that, regardless of the expenses incurred, each household has a global limit on collection deductions, which varies according to their income.
Thus, the final amount of the deductions will only be known when your IRS assessment note is issued, the official document that includes all the elements considered for the calculation of the tax. It is also at that time that you will find out the amount of the refund, if you are entitled to it.
The expense page for deductions to the IRS collection only allows you to consult the data. Therefore, if you notice any errors or do not agree with the calculated values, you must until March 31 to file a claim to the Tax Authority.
However, at this stage, you will only be able to do so in relation to general family expenses and expenses with the right to deduct VAT due to the demand for invoices (such as expenses with restaurants and hotels, hairdressers, gyms, veterinarians, repairs to cars and motorcycles and 100% VAT on social passes).
If you detect errors in the categories of health, education, real estate and housing charges, you will have to wait for the IRS delivery, between April 1 and June 30, to make the necessary corrections.
In that case, you will have to manually enter these expenses in the Annex H of the Model 3 declaration, since in the automatic IRS it is not possible to make any changes. Note that this correction still implies the completion of all fields in Annex H and not just the one(s) you want to change.
After submitting the declaration, you must keep the respective invoices for four years, in order to be able to prove these expenses, if the AT requests it.
Article originally published in July 2019. Last updated in December 2022??