Common Brazilian Tax Filing Mistake Costs Taxpayers Money

Brazilians are filing their income taxes, and many are making a costly mistake. According to Priscila Camazano, a tax expert interviewed by Folha de S.Paulo, the most common error is misreporting healthcare expenses. "Unlike education expenses, which have an annual limit," she explains, "healthcare costs are unlimited." This means many taxpayers are underreporting deductions, potentially leading to unnecessary tax payments. Camazano advises taxpayers to carefully check their records and ensure that the information matches what their healthcare providers have submitted to the tax authorities. Failing to do so can lead to delays and complications. With the deadline approaching, the Folha de S.Paulo urges taxpayers to double-check their returns to avoid this common pitfall and potentially receive a refund.