Labor & Taxes
Reduced income tax withholding in November 2026 will lead to lower IRS refunds in 2027
A 50% reduction in IRS withholding tables for November 2026 will result in smaller tax refunds for workers and pensioners when they file their tax returns in 2027. Projections suggest some taxpayers may end up owing more than 2,000 euros to the tax authority.
Why it matters
If you are a worker or pensioner in Portugal, the reduction in your tax withholding in November means you will have more disposable income this year, but you should prepare for a significantly smaller refund or a potential tax bill when filing your 2027 returns.Diário de NotíciasRead original ↗
