The time for the annual appointment between citizens and the IRS has arrived. On Monday, March 17, the Taxis online platform opens and taxpayers will be able to file their tax returns until July 15.

This year’s process has several changes from last year and taxpayers should be aware of them to avoid additional hassle. In particular, they should be careful to meet these deadlines, as the basic philosophy is that the earlier one submits their return, the more they will benefit.

There are also changes to pre-filled returns for employees and pensioners, which will be submitted automatically. Here too, taxpayers are advised to carry out an initial check to avoid unpleasant surprises.

According to the data already available to the AADE, which comes from employers and relevant bodies, pre-cleared returns are expected to exceed 1.3 million for 2024 and involve more than 1.5 million taxpayers, which translates into an additional 100,000 returns compared to the previous year.

For taxpayers who find that the information on the tax return is fully pre-filled and accurate, no action is required on their part to file the return. The IRS will finalize this submission on April 25, 2025. This means that in many cases the process for them will be almost automated, which saves time and avoids any errors or delays.

Deadlines and data correction

If for any reason the pre-filled information is inaccurate or incomplete, taxpayers are required to amend or complete the correct information. For this purpose, they may submit:

1. If they have not filed a return by Thursday, April 24, 2025, they must do so before that date.

2. Amending Statement: If the original return has been filed but contains errors or omissions, taxpayers may file an amended return, without penalty, from Friday, April 25, 2025, through Tuesday, July 15, 2025. This amended return will be considered an original return without penalty.

Who will pay lower tax

Under the new tax framework, several taxpayers will pay lower tax, and there will be cases of some who will be asked to dig deeper into their pockets. The “winners” include freelancers, property owners who have undertaken renovations, farmers with dependent children and those who rented out properties through Airbnb or renovated them after years of being closed.

* Property renovations:Property owners who undertook renovations in 2024 will see a reduced tax of up to €3,200 for expenses up to €16,000.

16,200 euros will be available for up to 16,000 euros for the first time until 16,000 euros.
* Freelancers: The abolition of the business tax offers a reduction of 325 euros, while imputed income is reduced by 50% in areas with less than 1,500 inhabitants.

* Employees: they will benefit from 400 to 500 euros due to the abolition of the tax on business activities.

* Owners of closed apartments: landlords who rented out properties that were closed for at least 3 years will be exempt from tax on rents for the last quarter of 2024.

* Farmers with dependent children: The tax-free threshold is increased by EUR 1,000, with a benefit of up to EUR 240 for farmers with 4 children.

However, some taxpayers will face increased tax burdens in 2025, mainly due to the acquisition of assets or an increase in their income.

Filing and Payment Procedure

The tax filing process will begin on March 17, 2025 and will end on July 15, 2025, without extension. Those who file their returns by April 30 and pay the tax in one lump sum will benefit from a 4% discount, while the discount for returns filed after May 1 will be reduced to 3% and 2%.

Specifically, the one-time payment discount is structured as follows:

* 4% for declarations submitted by April 30

* 3% for declarations submitted between 1 May and 15 June

* 2% for declarations submitted from 16 June to 15 July

The discount is valid only if payment is made by July 31.

The tax will be paid in eight monthly installments, with the first installment due at the end of July and the last installment due in February 2026. Taxpayers who choose to pay the tax in installments should take these dates into account to avoid late payment penalties.