Hurricane Irma devastated the Florida coast in early September, but there are some opportunities for hurricane survivors to qualify for tax relief. Florida has a number of federal and state tax breaks available for those who have suffered property damage. The Internal Revenue Service has announced extended tax deadlines and a suspension of dyed diesel fuel penalties for residents who suffered damages from the hurricane.Tax Relief Assistance in Miami
A new tax relief package signed by Gov. Ron DeSantis on Tuesday will allow Floridians to save an estimated $1 billion in taxes. It includes permanent tax breaks, expansions of corporate income tax credits, and changes to the ad valorem tax and exemption provisions. It will also create a tax break for critical household needs like diapers, clothing, and disaster supplies.
The House Bill 33-A will reduce the communication services tax on Florida’s telephone and television services. It will also institute a Back-to-School sales tax holiday and eliminate the sales tax on certain goods and services for returning service members and their families. Many tax relief programs in Florida are aimed at ensuring that those who qualify for them can avoid paying high property taxes.
The House Bill 7071, which was signed into law in late March, provides a one-month tax holiday on most goods and services. This includes groceries, clothing, and school supplies, as well as a gas tax holiday in October. The tax relief comes at a time when American citizens are facing an increased cost of household necessities. Since the Russian invasion of Ukraine in February, oil prices have skyrocketed and the average price of gasoline has climbed to $4 per gallon.
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