The state of Florida has approved a budget that includes some tax relief for residents and businesses. Its Back-to-School sales tax holiday and Hurricane Preparedness sales tax holiday will reduce taxes for homeowners, businesses, and individuals. It also includes a permanent exemption for children’s bicycle helmets, car seats, and booster seats. Another tax break is the one-month Fuel Tax Holiday, which will cut gas prices in Florida by 25 cents per gallon.Get Relief from Taxes Now
The bill, signed by Gov. Ron DeSantis, provides more than $1 billion in tax breaks for Floridians. In addition, it expands the state’s corporate income tax credit, and extends sales tax breaks to ten categories. Consumers will be able to save money on items such as gas, diapers, and clothing. The bill also includes provisions for disaster supplies, such as food and water.
In order to qualify for tax relief, a person must prove that he or she is unable to pay the full amount of taxes. If a person qualifies, he or she will be allowed to pay only 25% of the total amount due right away. The remaining balance must be paid over a twelve-month period. The state of Florida has a Taxpayer Rights Advocate that will help individuals file a claim.
The program can increase income for families in Florida. It will help families afford day-to-day expenses. It will also help individuals pay for their children’s necessities.