The state of Florida has passed a $196 million tax relief bill just before the end of the 60-day session. The package includes new tax credits for charities, cleaning up contaminated sites, and buying items to help the disabled live independently. It was a bipartisan effort by members of the House Ways & Means Committee. It has been sent to Gov. Ron DeSantis and is expected to pass the Senate.Get Relief from Taxes Now
While many states have implemented different tax breaks for the unemployed, Florida has a sales tax holiday that covers up to 50% of affordable housing property taxes. Another sales tax holiday is intended to help low-income residents increase their incomes and invest in their homes. Both of these tax breaks are good news for low-income Floridians. However, if you don’t have the means to hire an attorney, you may have to file your own tax return.
Unlike the state’s general tax law, Florida’s tax code is extremely complex. In addition to the state’s sales tax holiday, Florida also has several other tax break measures that are worth considering. The first one is a sales tax holiday that covers up to 50% of affordable housing property taxes. An additional program extends the existing sale tax holiday for contaminated sites. The latter helps low-income residents invest in their homes and increase their incomes.