The Florida governor recently announced a massive tax relief package. Among other things, the plan will provide Florida families with tax breaks on critical needs.IRS tax relief services
The largest portion of the proposal includes tax breaks on household items. These breaks will help Floridians save around $1.1 billion. Tax breaks will apply to items such as diapers, gas, clothes, tools and disaster supplies.
Get a Free Consultation on Tax Relief
Additionally, there is a seven-day holiday for home construction and repair items. This will allow shoppers to avoid sales taxes on items such as appliances, electrical wiring, plumbing inspection equipment, and much more.
Another piece of the proposal will give homeowners and businesses a break on property taxes. This measure will give homeowners a refund if their property value is below market value. However, the homeowner will have to submit an application and be verified by an official. Those who are eligible for the refund can also apply for tax reimbursements with their local property appraiser.
-
In addition to the tax relief plan, the Governor also announced a number of new tax holidays. During the holiday period, consumers will not pay taxes on sports gear, books, and other recreational activities.
-
There will also be a one-month fuel tax holiday to help drivers save 25 cents per gallon. That means that the average commuter could see savings of around $550 a year.
-
The plan would also give an additional 50% discount on toll charges for commuters who use the EPASS system. The plan will affect about 750,000 people who regularly commute.
-