If you live in Florida and have missed your filing deadline,there are several options to get Florida tax relief. These tax breaks apply to the previous tax year. You have until February 15 to file your return. However,you will not get relief for payments that were due before Sept. 23,2022. You can file for an extension if you have not yet paid your taxes.Learn More About Reducing Your Tax
The new law also includes new tax credits,exemptions and a three-week tax holiday. The legislation,called House Bill 7061,was put together by the House Ways & Means Committee and unanimously passed the House and Senate. The only dissenting vote was from Rep. Omari Hardy,who opposed the bill.
Fortunately,Florida has several exemptions for those with low incomes. Florida’s Constitution also offers an exemption for the property taxes of military personnel who are deployed abroad. This exemption was recently expanded to include unclassified military operations. In addition to these benefits,Florida is currently leading the nation in the recovery process.
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Another tax break for consumers is the back-to-school sales tax holiday. This holiday allows residents to save money by purchasing new clothes and footwear. Also,school supplies and the first $1,000 of computers are exempt from sales tax. This tax break is expected to save more than $60.4 million in sales taxes.
