2020 Disaster Preparedness Sales Tax Holiday

The 2020 Disaster Preparedness Sales Tax Holiday was passed by the Florida Legislature and signed into law by Governor Ron DeSantis. This sales tax holiday begins Friday, May 29, 2020, and extends through Thursday, June 4, 2020.

During this sales tax holiday period, qualifying items related to disaster preparedness are exempt from sales tax.

Tax filing deadline changed to July 15th ?

The deadline to file your taxes with the Internal Revenue Service has been pushed back from April 15 to July 15, Treasury Sec. Steve Mnuchin said Friday morning.

However, the Internal Revenue Service web site has no indication of this change. I checked it at 6:15 PM on Friday, March 20, 2020.

You can check it yourself at this link

IRS Newsroom News-Releases

If you find a change at the IRS web site, please let me know.

Taxes
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Wouldn’t you think the IRS web site would have this news if it were true?

When Are My Tax Documents Due?

There has been some discussion in our community on the exact date our taxes are due.  The short answer is, the same date they have always been due. – April 15th, 2020

Here is an excerpt from a Press Release from the U.S. Department of the Treasury:

Taxes
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“Treasury and IRS Issue Guidance on Deferring Tax Payments Due to COVID-19 Outbreak

March 18, 2020

Washington – Following President Donald J. Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department and Internal Revenue Service (IRS) today issued guidance allowing all individual and other non-corporate tax filers to defer up to $1 million of federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020, without penalties or interest.  The guidance also allows corporate taxpayers a similar deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest.  This guidance does not change the April 15 filing deadline.”

Read the full Press Release