Having a second job can affect your final personal income tax assessment, even when tax is withheld by each employer.
Throughout the year, each employer calculates withholding tax based only on the salary it pays. However, when the annual tax return is assessed, all employment income is considered together, which may change the final amount of tax due or the refund received.
For this reason, anyone earning income from more than one employer should monitor the tax withheld and check whether it is appropriate for their overall situation.
An early review can help identify potential differences between the tax already withheld and the final tax liability, reducing the risk of unexpected amounts when the annual return is submitted.
Aldeia Fiscal reviews your combined income, checks the withholding tax applied and helps you anticipate the impact on your personal income tax.
Do you have more than one job? Contact us and prepare your tax position in advance.
