Florida Tax Relief – New Tax Breaks For Homeowners

Florida tax relief is here! House Bill 7061, passed last month in the state Senate, will give Florida families a major boost. The bill will increase the sales tax exemption for affordable housing and make certain items like shower seats and sports equipment permanently exempt from the state’s sales tax. The tax credit for affordable housing will be doubled to 100% and property tax relief for flood mitigation will also be available to homeowners. These measures will help Florida families invest in their futures and enjoy the outdoors. With all the tax breaks available, Florida residents can enjoy the sunshine and the water without worrying about the cost of living.Arizona Tax Debt Relief

While Florida has numerous tax breaks, some homeowners may find that they are not eligible for every one of them. Some of the most popular tax breaks in the state are:

Learn More About Reducing Your Tax

The state legislature also passed a new bill that would reduce the communication services tax in Florida. SB 50 will increase sales tax revenues to help lower the state’s business-rental tax. This tax, unique to Florida, is 5.5 percent when a business leases a space for more than a year. Currently, the state tax rate is 2.8 percent on commercial leases. The new bill will help businesses that rent space to rent out the property.

Get Tax Relief Attorneys to Assist you today

Tax lawyers specializing in specific industries will be most beneficial in Florida tax relief. Their expertise in the field of tax law will help you understand the benefits of these laws and the benefits that come with them. They will protect your legal rights and guide you through the tax process to find any credits or deductions that you are eligible for. If you are interested in Florida tax relief, contact a qualified attorney today. If you don’t have an attorney yet, don’t hesitate to contact a tax lawyer today to schedule your free initial consultation.