Labor & Taxes
IRS updated for everyone with good news for the wealthiest: see the simulations
The government is implementing two distinct IRS tax changes: an initial reduction coming this November, followed by an adjustment in January 2027 to ensure that salary increases are not absorbed by higher tax brackets. The January update provides specific relief for high-income earners with gross annual salaries exceeding €90,000.
Why it mattersIf you are a taxpayer in Portugal, you will see a reduction in your IRS withholdings starting this November, and a structural update to tax brackets in January that prevents salary increases from being offset by higher taxes.
