In Florida, one of the most significant ways to get a lower tax bill is to find out how much you owe on taxes. The tax code is stacked against people who make enough money to pay higher taxes, so finding out what you owe and how much you can save will be crucial. Fortunately, there are a few options available, and these can help you maximize the amount of money you save. Here are a few examples.
-
First, consider the advantages of hiring a tax lawyer. Tax attorneys are experienced in handling tax cases in Florida, and they have specific knowledge of the laws that apply to your industry. In addition, they will protect your legal rights by guiding you through the tax system. Tax attorneys can also help you decide whether you qualify for any credits and deductions. The more you know about the laws that apply to you and your business, the better prepared you’ll be to fight for them.
-
Another option is a state-funded tax holiday. Freedom Week in Florida provides seven days without sales tax for certain purchases, including admission to live performances, movies, sporting events, and state parks. However, this tax holiday doesn’t apply to purchases of clothing, school supplies, and sports equipment under $60. But, it’s a significant way to get a lower tax bill. If you want to make some extra money on the side, consider the Freedom Week tax holiday, which aims to reduce the costs for people living in low-income areas.
-