How to fill out IRS Youth?

IRS delivery: What to fill out to benefit from IRS Young?

Are you submitting the IRS statement for 2024 income? You can fill it out with IRS Young, subject to certain requirements.

To do so, we then explain the steps you must follow to fill out the necessary information to access the tax benefit in question.

This is what you need to fill out to access IRS Youth.

In Annex A of the IRS declaration (Model 3), table 4A, where your income is detailed, you must change the regime in the "Income Code" to option 417.

This option refers to income from dependent employment, including holiday and Christmas bonuses, including the exempt portion - Regime provided for in article 2nd - B of the IRS Code - years 2020 and following.

Afterwards, in section 4F, you should add a line to fill in the information.  

Start by filling in your NIF in Holder, the Year of completion of your course of studies, and the Qualification Level of the QNQ with the level of studies you have completed.  

On the same line, you should also enter the tax identification number (NIF) of the educational institution where you studied and, if it was outside Portugal, the country code where you were.

Furthermore, if there is an open activity, you must also fill in the same information in annex B, table 3E.  

But what are the requirements to have access to Young IRS?

• Qualifications equal to or higher than level 4 of the National Qualifications Framework (Quadro Nacional de Qualificações). (source: National Qualifications Framework)

• Between 18 and 26 years old, if you have completed a study cycle equivalent to level 7.

• Up to 30 years for those who completed a study cycle equivalent to level 8.

• To receive income from employment dependent or independent work after completing the study cycle.

• Not be considered a dependent in the parents' IRS declaration.

What are the exemption percentages provided for in Young IRS?

The IRS Youth concerns income from 2024 and is granted for five years, consecutive or interpolated, with a maximum age to enjoy the benefit being 35 years old.

The following exemptions are provided:  

• 100% on the first year with a limit of 40 times the value of the IAS, which corresponds to €20,370.40;

• 75% in the second year, with a limit of 30 times the value of the IAS, which corresponds to 15,277.80€;

• 50% in the third and fourth years, with a limit of 20 times the value of the IAS, equivalent to €10,185.20.

• 25% in the fifth year, with a limit of 10 times the value of the Social Support Index, which corresponds to €5092.60.

Read more: Are you entitled to Young IRS? Learn how it works

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