Florida Tax Relief – Save More Than $1 Billion This YearFlorida Tax Relief – Save More Than $1 Billion This Year
The Florida tax relief package signed by Gov. Ron DeSantis will save families more than $1 billion this year. This package includes nine sales tax holidays, the elimination of the motor fuel tax, and a yearlong tax break on certain household items. These provisions are a boon for Florida families and businesses.tax debt relief attorneys in Tampa
Hurricane-damaged Florida residents can qualify for tax relief under the federal disaster protocol. The Federal Emergency Management Agency has declared the state a disaster area. This designation means that all homeowners and businesses can apply for a tax break. This can result in up to $60 billion in savings for the state. If you live in Florida, you may qualify for tax relief, including disaster relief for your business.
The tax package also includes sales tax breaks for disaster supplies, gas, and recreational activities. For example, a Jacksonville parent will save $65 on diapers. There are also tax breaks for gas, disaster supplies, tools for skilled trades, and recreational activities. A full list of tax-free items can be found here.
Learn More About Reducing Your Tax
The Florida Legislature has passed several tax relief packages in the past few years. One of the biggest tax relief packages this year included a reduction in the motor fuel tax by 25 cents per gallon. This plan will affect all gasoline products and blended products and gasoline-powered motor vehicles.
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