Click the links below for the latest updates and resources from the FICPA, AICPA, DOR and IRS.
FICPA & AICPA Resources
From the IRS
- Hurricane Ian Updates
- IRS Newsroom
- IRS News Release and Fact Sheet Archive
- Special Filing Season Alerts
Special Filing Season Alerts
November 18 - IRS hiring over 700 employees to help taxpayers in person
In addition to the more than 4,000 people recently hired to fill critical customer service representative positions, the IRS is now seeking over 700 new employees to help taxpayers at Taxpayer Assistance Centers across the country.
This increase in staffing is part of much wider IRS improvements enabled by the Inflation Reduction Act funding approved in August 2022, and additional updates on the implementation of the landmark 10-year legislation will be provided soon.
November 18 - IRS Commissioner Charles Rettig's final message
Commissioner Rettig's final message reflects on four years proudly working alongside IRS employees to serve our country.
We are on the brink of an exciting new era for the IRS, one that is desperately needed to transform the agency to improve taxpayer service and ensure fairness in tax compliance.
Four years ago, Commissioner Rettig proudly took the oath of office to become the 49th Commissioner of the Internal Revenue Service. Throughout his term, he has been honored, privileged and most humbled by the opportunity to serve. He became Commissioner out of a deep appreciation for the IRS, its workforce and our country.
November 18 - IRA owners age 70 ½ or over can transfer up to $100,000 to charity tax-free each year
The IRS reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.
October 27 - Service providers, others may receive 1099-Ks for sales over $600 in early 2023
The IRS reminded taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions and third-party payment network transactions of more than $600 for the year.
October 27 - Taxpayers in declared disaster areas get more time for COVID penalty relief
Taxpayers in areas covered by certain Federal Emergency Management Agency (FEMA) disaster declarations have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns.
October 27 - Tax inflation adjustments for tax year 2023
The IRS announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38PDF provides details about these annual adjustments.
October 14 - IRS sent letters to individuals and families that did not claim key tax benefits
The IRS sent letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the Earned Income Tax Credit and other tax credits depending on their personal and family situation.
To help people claim these benefits, without charge, Free File will remain open for an extra month this year, until November 17, 2022.
October 4 - Tax Relief for Hurricane Ian victims in Florida
Hurricane Ian victims throughout Florida qualify for tax relief and now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
October 4 - IRS Appeals revises contact letters
As part of an effort to enhance the taxpayer experience, the IRS Independent Office of Appeals is taking important steps to improve how taxpayers interact and communicate with the IRS by revising their initial contact letters.
Appeals has made two key revisions to these initial contact letters in response to feedback from taxpayers and practitioners.
September 21 - Improperly forgiven Paycheck Protection Program loans are taxable
IRS issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan). The guidance confirms that, when a taxpayer's loan is forgiven based upon misrepresentations or omissions, the taxpayer is not eligible to exclude the forgiveness from income and must include in income the portion of the loan proceeds that were forgiven based upon misrepresentations or omissions.
Taxpayers who inappropriately received forgiveness of their PPP loans are encouraged to take steps to come into compliance by, for example, filing amended returns that include forgiven loan proceed amounts in income.
September 21 - Tax Relief for Hurricane Fiona victims in Puerto Rico
Hurricane Fiona victims in all 78 Puerto Rican municipalities qualify for tax relief and now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
September 21 - Updated information on Work Opportunity Tax Credit
IRS has updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing a tight job market, the WOTC may be able to help.
September 13 - IRS issues rules for Alternative Fuel credits
The IRS issued Notice 2022-39, which provides rules to make a one-time claim for the credit and payment allowable for alternative fuels sold or used during the first, second, and third calendar quarters of 2022. It also provides instructions for how a taxpayer's liability for excise tax may be reduced by claiming the alternative fuel mixture credit allowable for the first and second quarters of 2022. The alternative fuel credits are part of the Inflation Reduction Act.
September 2 - The IRS takes immediate steps to address issue with a subset of Forms 990-T
The IRS recently discovered that some machine-readable (XML) Form 990-T data made available for bulk download section on the Tax Exempt Organization Search (TEOS) should not have been made public. This section is primarily used by those with the ability to use machine-readable data; other more widely used sections of TEOS are unaffected.
The IRS took immediate steps to address this issue. The files have been removed from IRS.gov and will be replaced with updated files in the near future. In addition, the IRS also will be working with groups that routinely use the files to remove the erroneous files and replace them with the correct versions as they become available. The IRS will contact all impacted filers in the coming weeks.
Form 990-T is the business tax return used by tax-exempt entities, including tax-exempt organizations, government entities and retirement accounts, to report and pay income tax on income that is generated from certain investments or income unrelated to their exempt purpose.
The IRS is required to publicly disclose this information for 501(c)(3) organizations; however, similar information was inadvertently published for a subset of non-501(c)(3)s, which are not subject to public disclosure. However, the data does not include Social Security numbers, detailed account-holder information or individual income tax returns (Forms 1040). In some instances, the data does include individual names or business contact information.
The IRS is continuing to review this situation.
August 24 - Covid tax relief: Penalty relief for certain 2019 and 2020 returns due to the pandemic
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
The IRS is also taking an additional step to help those who paid these penalties already. Nearly 1.6 million taxpayers will automatically receive more than $1.2 billion in refunds or credits. Many of these payments will be completed by the end of September.
Besides providing relief to both individuals and businesses impacted by the pandemic, this step is designed to allow the IRS to focus its resources on processing backlogged tax returns and taxpayer correspondence to help return to normal operations for the 2023 filing season.
To qualify for this relief, any eligible income tax return must be filed on or before September 30, 2022.
August 19 - Inflation Reduction Act
During the next 10 years, the funds from the Inflation Reduction Act will help IRS in many areas, including adding critical resources to not just close the tax gap but meaningfully improve taxpayer service and technology.
Tax provisions in the Inflation Reduction Act of 2022, cover a wide range of new and reinstated tax laws that will affect both individuals and businesses.
One provision, which became effective as soon as the law was signed, changes the eligibility rules to claim a tax credit for clean vehicles.
More details about clean vehicles and other tax provisions will be available in coming months.
August 19 - 2021 tax extension filers, don't overlook important tax benefits
Taxpayers who've yet to file their 2021 federal income tax return should make sure they take advantage of the deductions and credits for which they're entitled and to file electronically as soon as possible.
Those who qualify can prepare and file their return for free with IRS Free File. Electronically filing and choosing direct deposit can help taxpayers get their refund faster. If they owe, sending the tax return with full payment prevents additional interest and penalties. There's no penalty for failure to file if the taxpayer is due a refund.
Filing tips for taxpayers who haven't filed their 2021 tax return are available on IRS.gov.
August 11 - Tax Relief for Disaster Victims in Kentucky, Missouri and St. Croix
Following the recent disaster declarations issued by the Federal Emergency Management Agency, the IRS has announced that affected taxpayers in certain areas will receive tax relief. Recent disaster declarations have been issued for Kentucky, Missouri and St. Croix. Taxpayers living in the affected areas may qualify for tax relief, including an extended filing deadline to November 15, 2022.
August 11 - Truckers need to file by August 31
The IRS reminds those who have registered, or are required to register, large trucks and buses that it's time to file Form 2290, Heavy Highway Vehicle Use Tax Return. The IRS strongly encourages using e-file and filing before the payment deadline of August 31, 2022, for vehicles first used in July 2022.
July 27 - Balance Due Notices (CP-14)
Some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.
Generally, these are payments made by the spouse (second taxpayer listed) on a married filed joint return submitted through their Online Account. Some other taxpayers may also be affected outside of this group.
No immediate action or phone call needed: Taxpayers who receive a notice but paid the tax they owed in full and on time, electronically or by check, should not respond to the notice at this time. The IRS is researching the matter and will provide an update as soon as possible. Taxpayers who paid only part of the tax reported due on their 2021 joint return, should pay the remaining balance or follow instructions on the notice to enter into an installment agreement or request additional collection alternatives.
July 20 update - New IRS Strategic Plan: Agency issues five-year plan with goal to help taxpayers
The IRS has released a new five-year Strategic Plan that outlines its goals to improve taxpayer service and tax administration.
The IRS Strategic Plan FY2022-2026 will serve as a roadmap to help guide the agency's programs and operations. The plan will also help meet the changing needs of taxpayers and members of the tax community.
July 20 - 2021 tax extension filers don't need to wait until October 17
The IRS is reminding the estimated 19 million taxpayers who requested an extension to file their 2021 tax return that they don't have to wait until mid-October to file. If a taxpayer has all the necessary information to file an accurate return, they can file electronically at any time before the October deadline and avoid a last-minute rush to file.
Taxpayers who requested more time to file an accurate return have until October 17, 2022. Those who have what they need to file, however, should file as soon as possible to avoid delays in processing their return.
July 20 - Security Summit: Identity Protection PINs provide an important defense against tax-related identity theft
The Security Summit partners encouraged tax professionals to increase their efforts to inform clients about the IRS Identity Protection PIN Opt-In Program to help protect people against tax-related identity theft.
The IP PIN serves as a critical defense against identity thieves. The IRS, state tax agencies and the nation's tax industry – working together as the Security Summit – need assistance from tax professionals to let their clients know that IP PINs are now available to anyone who can verify their identity.
July 15 - Extension filers: IRS encourages people to file soon and to file electronically before October to avoid delays
With millions of people still waiting to file their tax returns, the IRS reminds them to file as soon as possible and take advantage of special tools available on IRS.gov that can help them file.
Summer may be a busy time for many, but it's a great time to start tax planning - whether you still need to file a 2021 tax return or start planning for next year's tax season. The IRS website is the fastest and most convenient way to get tax-related information and help. The online tools are available any time, so taxpayers can use them at their convenience.
June 15 - IRS hiring 470 revenue agents
The IRS, one of the largest single employers of professional accountants, is now hiring 470 revenue agents who will specialize in auditing or examining both individual and business taxpayers nationwide.
Known officially as Internal Revenue Agents, these positions are at grades 5-12 in the federal civil service system with a base pay ranging from $31,083 to $68,299.
Throughout July, the IRS is holding a series of virtual information sessions for interested applicants. These sessions provide an overview of the position, benefits of working at the IRS, how to apply for the position, and a Q&A session.
June 15 - IRS Security Summit renews warnings for tax pros
The IRS, state tax agencies and the tax industry renewed their call for tax professionals to be on guard against new and ongoing threats involving their systems and taxpayer data.
This effort begins next week with the Security Summit's annual summer campaign focused on tax professionals and taking fundamental steps to stop data theft from their offices. This is the seventh year that the Security Summit partners – the IRS, state tax agencies and the nation's tax community – have worked to raise awareness about these issues through the "Protect Your Clients; Protect Yourself — Summer 2022" campaign.
June 30 - IRS expands voice bot options for faster service, less wait time
The IRS has expanded voice bot options to help eligible taxpayers easily verify their identity to set up or modify a payment plan while avoiding long wait times.
Eligible taxpayers who call the Automated Collection System (ACS) and Accounts Management toll-free lines and want to discuss payment plan options can authenticate or verify their identities through a personal identification number (PIN) creation process. Setting up a PIN is easy: Taxpayers will need their most recent IRS bill and some basic personal information to complete the process.
June 22 - IRS statement on inventory
The IRS is committed to having healthy inventories by the end of this year and continues to make strong progress handling unprocessed tax returns. This follows unprecedented actions taken by the agency, and these intensive efforts to help taxpayers will continue in the months ahead. The IRS announced yesterday that all processing on original, error-free individual tax returns filed in 2021 will be completed this week.
June 22 - IRS continues work on inventory of tax returns
Following intensive work during the past several months, the IRS announced that processing on a key group of individual tax returns filed during 2021 will be completed by the end of this week. Due to issues related to the pandemic and staffing limitations, the IRS began 2022 with a larger than usual inventory of paper tax returns and correspondence filed during 2021. The IRS took a number of steps to address this, and the agency is on track to complete processing of originally filed Form 1040 (individual tax returns without errors) received in 2021 this week.
June 9 - Increased mileage rate for remainder of 2022
The IRS announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.
For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents from the rate effective at the start of the year. The new rate for deductible medical or moving expenses (available for active-duty members of the military) will be 22 cents for the remainder of 2022, up 4 cents from the rate effective at the start of 2022. These new rates become effective July 1, 2022. The IRS provided legal guidance on the new rates in Announcement 2022-13.
June 3 - Don't wait to file: IRS encourages taxpayers to file electronically when ready
The IRS is encouraging taxpayers who have yet to file their 2021 tax return – including those who requested an extension of time – to file a complete and accurate return electronically as early as possible once they have all their information together. There's no need to wait until the October deadline.
Taxpayers who requested an extension have until October 17 this year to file their tax return. However, if a taxpayer has all the necessary information to file an accurate return, filing before summer vacation can be a win-win.
Filing electronically as soon as possible can also help taxpayers who did not file an extension and missed the April deadline to avoid further penalties and interest if they owe taxes.
June 3 - IRS Hiring
To boost its workforce and better help taxpayers and businesses, the IRS is hiring at several offices nationwide this summer.
The IRS is hosting numerous virtual and in-person recruitment events each month. These information sessions and job fairs provide insight about the positions that are available. For more information and to register for an event, see IRS Events.
May 27 - Fiscal year 2021 Data Book describes agency's activities; IRS provides additional details on recent audit data
The IRS has issued the Data Book detailing the agency's activities during fiscal year 2021 (October 1, 2020 – September 30, 2021) as well as new information on recent audit data. In addition to describing work performed during the pandemic, the IRS Data Book for fiscal year 2021 comprises 33 tables describing a wide variety of IRS activities from returns processed, revenue collected, and refunds issued to the number of examinations conducted and the amount of additional tax recommended, as well as budget and personnel information. The Data Book provides point-in-time estimates of IRS activities as of September 2021. For additional context, the IRS also released a related, lengthier discussion on recent audit data.
May 27 - On July 1, interest rate rises to 5%
Starting July 1, 2022, the IRS interest rate is 5% per year, compounded daily. In general, this is the rate that accrues, on or after July 1, on unpaid tax. It is also the rate we pay on refunds, typically where it takes longer than 45 days to process the return or refund claim. For further details on interest see Interest.
May 13 - Update on 2020 information returns
The IRS provided a statement about questions involving processing of 2020 information returns. Information returns are not tax returns, and they are documents submitted to the IRS by third-party payors, not taxpayers. Taxpayers or payers have not been -- and will not be -- subject to penalties resulting from this action.
May 6 - IRS provides guidance for residents of Puerto Rico to claim the Child Tax Credit
The Internal Revenue Service has issued guidance for certain individuals in Puerto Rico on how to file and claim the Child Tax Credit payments that they are entitled to receive under the American Rescue Plan Act. Families who don't owe taxes to the IRS can file their 2021 tax return and claim the Child Tax Credit for the 2021 tax year at any point until April 15, 2025, without any penalty.
April 4 - Temporary update to U.S. residency certification application process
The IRS is temporarily changing its procedures for Form 8802, application for U.S. residency certification, for a two-year period. More information can be found at Temporary change in policy with respect to applications for U.S. residency certifications for a two-year period.
April 1 - 2022 filing season update
The IRS continues to process tax returns and deliver refunds at a rapid pace for the current filing season. As of the week ending March 25, the IRS has issued almost 58 million refunds worth nearly $189 billion. The average refund is $3,263.
March 25 - 2022 filing season update
The IRS is processing tax returns and delivering refunds. As of the week ending March 18, the IRS has issued more than 52 million refunds worth more than $171 billion. The average refund is $3,305.
March 22 - Electronically filed return rejected for a missing Form 8962
Tax year 2021 electronically filed tax returns will be rejected if the taxpayer is required to reconcile advance payments of the premium tax credit on Form 8962, Premium Tax Credit, but does not attach the form to the tax return. See How to correct an electronically filed return rejected for a missing Form 8962 for more information.
March 18 - 2022 filing season update
The IRS is processing tax returns and delivering refunds. As of the ending March 11, the IRS has issued more than 45 million refunds worth almost $152 billion. The average refund is $3,352.
March 15 - IRS alert for some farming and fishing businesses
The IRS is aware of a third-party software issue affecting qualifying farmers and fishermen attempting to electronically file Forms 7203. Due to these challenges, the Treasury Department and the IRS issued Notice 2022-33 PDF, providing penalty relief for qualifying farmers and fishermen filing Forms 7203 if they electronically file their 2021 tax return and pay in full any tax due by April 18, 2022, or by April 19, 2022, for those qualifying farmers and fishermen who live in Maine or Massachusetts. Farmers and fishermen who filed their returns by the March 1 deadline are unaffected by this, as explained in this news release.
March 10 - IRS unveils voice and chat bots
The IRS unveils voice and chat bots to assist taxpayers with simple collection questions and tasks, providing faster service and cutting wait time. The IRS has deployed voice and chat bots in English and Spanish for phone lines that assist taxpayers with tax payments issues or understanding an IRS notice they may have received. The bots are now available and can help taxpayers with: How to make One-Time Payments; Answers to Frequently Asked Questions; and Collection Notice Clarification. Bots that can handle more complex chores are coming later this year. Learn more by consulting the news release.
February 16 - IRS provides details on relief for Schedule K-2 and K-3 reporting
The IRS issued a news release and new frequently asked questions (FAQs) providing both general information and more details on the certain domestic partnerships and S corporations who qualify for the exception to 2021 reporting.
February 15 - Coming relief from certain Schedule K-2 and K-3 reporting
The IRS intends to provide certain additional transition relief for this year from the Schedule K-2 and K-3 reporting for certain domestic partnerships and S corporations with no foreign activities, foreign partners or shareholders, and without knowledge of partner or shareholder need for information on items of international relevance. For 2021, these qualifying domestic partnerships and S corporations will not have to file the new schedules. We are taking this step in response to feedback we received from the tax community and our stakeholders. The IRS will provide full details of this relief soon.
February 14 - IRS suspends more than a dozen automated notices, including collection issues
As part of ongoing efforts to provide additional help for people during this period, the IRS has suspended automated collection notices normally issued when a taxpayer owes additional tax or has no record of filing a tax return. Note that many other IRS notices are statutorily required to be issued within a certain timeframe to be legally valid. The IRS encourages those who have a filing requirement and have yet to file a prior year tax return or to pay any tax due to promptly do so as interest and penalties will continue to accrue. Visit IRS.gov for payment options. For more information on suspended notices, see IR-2022-31, IRS continues work to help taxpayers; suspends mailing of additional letters.
General Information for the 2022 Tax Season
April 18 tax deadline: The filing deadline is April 18 for most taxpayers. There are currently no plans to extend the filing deadline. For those who need more time to file, an automatic six-month extension of time to file is available for anyone by filing Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. The Around the Nation section on IRS.gov provides information about recent tax relief including postponing certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area.
Advance Child Tax Credit payments: People who received advance Child Tax Credit payments in 2021 need to ensure the amounts they've received are entered correctly on the 2021 tax return. Incorrect entries when reporting these payments mean the IRS will need to further review the tax return, creating an extensive delay. People can check the amount of their payments in their Online Account available on IRS.gov. The IRS also mailed letters to recipients about the advance Child Tax Credit payment amount. However, a limited group of taxpayers may receive a letter with the incorrect amount listed. More information about who might have received an incorrect letter can be found on our IRS Statement — Child Tax Credit Letters page.
Recovery Rebate Credit (also called stimulus payments or Economic Impact Payments): All third-round Economic Impact Payments have been issued. People may claim any remaining stimulus payment they're entitled to on their 2021 tax return as part of the 2021 Recovery Rebate Credit. People who are filing to get any remaining payment should ensure the amounts they've received are entered correctly on the tax return. Incorrect entries when reporting these payments mean the IRS will need to further review the tax return, creating an extensive delay. The IRS is mailing letters to payment recipients about the stimulus payments amounts they received. People can also check the amount of their payments in their Online Account available on IRS.gov.
Filing if your 2020 tax return is still being processed: For people whose tax returns from 2020 have not yet been processed, they should still file their 2021 tax returns. Those filing electronically in this group need their Adjusted Gross Income, or AGI, from their most recent tax return when they file electronically. For those waiting on their 2020 tax return to be processed, make sure to enter $0 (zero dollars) for last year's AGI on the 2021 tax return. Visit Validating Your Electronically Filed Tax Return for more details.
Status of IRS tax return inventory from prior years: COVID-19 continues to cause delays in the processing of some prior year tax returns and amended returns. Please visit our IRS Operations During COVID-19: Mission-critical functions continue page to find out the current status of the IRS inventory from prior years.
Form 1099-INT: Taxpayers should report interest from unemployment refunds, other IRS payments as 2021 income. The IRS reminded taxpayers who received an interest payment for a tax-related issue in 2021 need to report it as income on their tax return.
Under the law, interest income is taxable, and that includes payments from the IRS. During 2021, several groups of people could fall into this category. This includes people who received interest payments related to IRS refunds of taxes paid on unemployment income or people who received interest on a tax refund. Normally, the IRS is required to pay interest on a refund if the refund is issued after a statutory 45-day period.
The IRS is sending a Form 1099-INT to anyone who receives interest totaling at least $10. The IRS reminds people to watch their mail for Forms 1099, not just from the IRS and other payers. Due to IRS mailing issues and other factors, taxpayers may continue to see these arrive in the mail through February.
DOR TIPs
The Florida Department of Revenue has published these helpful Tax Information Publications (TIPs) in 2022.
Administration
Electronic Digital Signatures
Aug. 24, 2022
The Florida Department of Revenue (Department) accepts electronic digital signatures, as they have the same force and effect as a written signature under Florida law. Taxpayers and/or their representatives may use established, secured messaging systems to submit documents with electronic digital signatures, such as power of attorney forms or other documents that must be signed.
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective Jan. 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
Florida Tax Credit Scholarship Program Tax Credit Cap Will Increase
June 6, 2022
Section 1002.395(5), Florida Statutes, provides an increase of 25 percent of the tax credit cap when the annual tax credit amount for the prior fiscal year is equal to or greater than 90 percent of the tax credit cap applicable to that year. The tax credit amount allocated for the 2021-2022 state fiscal year now exceeds 90 percent of the $873,565,674 tax credit cap. Therefore, the tax credit cap amount will increase to $1,091,957,093 ($873,565,674 times 125 percent [1.25]) for the 2022-2023 state fiscal year.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit 2022 Legislative Changes
May 11, 2022
Taxpayers with corporate income/franchise taxable years beginning on or after January 1, 2021, may apply to the Florida Department of Revenue (Department) for an allocation of the tax credits available for state fiscal year 2021-2022. The application must be filed by the day before the due date of the Florida Corporate Income/Franchise Tax Return (Form F-1120), or if extended, the day before the extended due date. The Department will send notification of approval or denial of the request for an allocation of the tax credits.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit for Corporate Income Tax and Insurance Premium Tax
April 28, 2022
Legislation is currently pending that would allow corporate income taxpayers and insurance premium taxpayers to seek a tax credit allocation from the 2021-2022 state fiscal year cap. The Department is accepting applications based on the pending legislation. Allocation approvals are subject to the legislation becoming law.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit
Feb. 7, 2022
Florida’s New Worlds Reading Initiative was established in 2021 under the Florida Department of Education to improve literacy skills and promote a love of reading by providing high-quality, free books to students in kindergarten through fifth grade who are reading below grade level. Florida’s Strong Families Tax Credit was established in 2021 under the Florida Department of Children and Families to provide services to prevent child abuse, engage absent fathers in being more active in their children’s lives, provide books to eligible children, and assist families of children with chronic illness.
Communications Services Tax
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective Jan. 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
Change in Local Communications Services Tax Rate Beginning May 1, 2022
Jan. 27, 2022
Beginning May 1, 2022, the local communications services tax (CST) rate for the Town of Astatula will change. The total local CST rate includes: (1) the local rate imposed under the CST statute; and (2) any county discretionary sales surtax imposed under the sales and use tax statute.
Corporate Income Tax
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit 2022 Legislative Changes
May 11, 2022
Taxpayers with corporate income/franchise taxable years beginning on or after January 1, 2021, may apply to the Florida Department of Revenue (Department) for an allocation of the tax credits available for state fiscal year 2021-2022. The application must be filed by the day before the due date of the Florida Corporate Income/Franchise Tax Return (Form F-1120), or if extended, the day before the extended due date. The Department will send notification of approval or denial of the request for an allocation of the tax credits.
Florida Corporate Income Tax Adoption of 2022 Internal Revenue Code
May 9, 2022
Each year, the Florida Legislature must consider adopting the current Internal Revenue Code (Title 26, United States Code) to ensure certain tax definitions and the calculation of adjusted federal income will be consistent between the Internal Revenue Code (IRC) and the Florida Income Tax Code (Chapter 220, Florida Statutes [F.S.]). The Florida corporate income tax “piggybacks” federal income tax determinations and uses adjusted federal income as the starting point for computing Florida net income.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit for Corporate Income Tax and Insurance Premium Tax
April 28, 2022
Legislation is currently pending that would allow corporate income taxpayers and insurance premium taxpayers to seek a tax credit allocation from the 2021-2022 state fiscal year cap. The Department is accepting applications based on the pending legislation. Allocation approvals are subject to the legislation becoming law.
Florida Corporate Income Tax 2022 Automatic Refund
Jan. 13, 2022
An automatic refund is available for Florida corporate income/franchise tax returns filed on or before Feb. 1, 2022, for taxable years beginning on or after April 1, 2019, and on or before March 31, 2020 (subject to any 2022 law change). For most taxpayers, this will be the return for taxable year ending Dec. 31, 2020.
Florida Corporate Income/Franchise Tax – Internship Tax Credit Program
Jan. 4, 2022
For taxable years beginning during the 2022 and 2023 calendar year, a student internship tax credit is available against the Florida corporate income/franchise tax. The Florida Internship Tax Credit Program (Program) allows credit for up to five student interns per taxable year, per corporation. The credit amount is $2,000 per student intern (maximum of $10,000 for each taxable year). A total of $2.5 million in credits are available for each of the two years of the Program.
Current Interest Rates
Floating Rate of Interest Remains at 7 Percent for the Period July 1, 2022, Through December 31, 2022
May 4, 2022
The rate of interest for the period July 1, 2022, through December 31, 2022, is 7 percent. The daily interest rate factor to be used for this period is 0.000191781. The daily interest rate is named a factor because it is not expressed as a percentage. This rate is subject to change effective January 1, 2023.
Fuel Tax
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective January 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
Florida Motor Fuel Tax Relief Act of 2022 October 1, 2022 through October 31, 2022 – Local Gov't and Mass Transit System Operators
June 14, 2022
The Florida Motor Fuel Tax Relief Act of 2022 reduces the tax rate on motor fuel by 25.3 cents per gallon from Saturday, October 1, 2022 through Monday, October 31, 2022. The reduced tax rate applies to all gasoline products, any product blended with gasoline, or any fuel placed in the storage supply tank of a gasoline-powered motor vehicle.
Florida Motor Fuel Tax Relief Act of 2022 October 1, 2022 through October 31, 2022 – Retail Dealers
June 14, 2022
The Florida Motor Fuel Tax Relief Act of 2022 reduces the tax rate on motor fuel by 25.3 cents per gallon from Saturday, October 1, 2022 through Monday, October 31, 2022. The reduced tax rate applies to all gasoline products, any product blended with gasoline, or any fuel placed in the storage supply tank of a gasoline-powered motor vehicle.
Florida Motor Fuel Tax Relief Act of 2022 October 1, 2022 through October 31, 2022 – Terminal Suppliers
June 14, 2022
The Florida Motor Fuel Tax Relief Act of 2022 reduces the tax rate on motor fuel by 25.3 cents per gallon from Saturday, October 1, 2022 through Monday, October 31, 2022. The reduced tax rate applies to all gasoline products, any product blended with gasoline, or any fuel placed in the storage supply tank of a gasoline-powered motor vehicle.
Florida Motor Fuel Tax Relief Act of 2022 October 1, 2022 through October 31, 2022 – Wholesalers and Importers
June 14, 2022
The Florida Motor Fuel Tax Relief Act of 2022 reduces the tax rate on motor fuel by 25.3 cents per gallon from Saturday, October 1, 2022 through Monday, October 31, 2022. The reduced tax rate applies to all gasoline products, any product blended with gasoline, or any fuel placed in the storage supply tank of a gasoline-powered motor vehicle.
Gross Receipts Tax
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective January 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
Gross Receipts Tax Index Prices for the Period July 1, 2022 Through June 30, 2023
May 20, 2022
Every year on July 1, the index prices used by distribution companies to calculate the gross receipts tax on the sale or transportation of natural or manufactured gas to retail consumers are adjusted as provided by law. Beginning with customer bills dated on or after July 1, 2022, distribution companies must use the index prices listed below when completing the Gross Receipts Tax Return (Form DR-133).
Insurance Premium Tax
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective January 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit 2022 Legislative Changes
May 11, 2022
Taxpayers with corporate income/franchise taxable years beginning on or after January 1, 2021, may apply to the Florida Department of Revenue (Department) for an allocation of the tax credits available for state fiscal year 2021-2022. The application must be filed by the day before the due date of the Florida Corporate Income/Franchise Tax Return (Form F-1120), or if extended, the day before the extended due date. The Department will send notification of approval or denial of the request for an allocation of the tax credits.
New Worlds Reading Initiative Tax Credit and Strong Families Tax Credit for Corporate Income Tax and Insurance Premium Tax
April 28, 2022
Legislation is currently pending that would allow corporate income taxpayers and insurance premium taxpayers to seek a tax credit allocation from the 2021-2022 state fiscal year cap. The Department is accepting applications based on the pending legislation. Allocation approvals are subject to the legislation becoming law.
Intangible Tax
2022 Governmental Leasehold Intangible Tax Valuation Factor Table
Jan. 5, 2022
Florida law provides that all leasehold estates or related possessory interest in property of the United States, the State of Florida or any of its political subdivisions, municipalities, agencies, authorities or other governmental units are taxed as intangible personal property if the leased property is undeveloped or predominantly used for a residential or commercial purpose and rental payments are due in consideration of the leasehold estate or possessory interest. Unless the leasehold estate qualifies for specific exemptions, lessees of governmentally owned property are required to file an annual intangible tax return.
Sales and Use Tax
New Sales and Use Tax Exemptions for Certain Machinery and Equipment Related to Hydrogen
June 30, 2022
Effective July 1, 2022, the sales and use tax exemption for purchases of machinery and equipment necessary to produce electrical or steam energy by burning boiler fuels is expanded to include purchases of machinery and equipment that burns hydrogen.
Exemption for Boiler Fuels Expanded to Include Hydrogen
June 30, 2022
Effective July 1, 2022, hydrogen purchased for use as a combustible fuel in manufacturing, processing, compounding, or producing tangible personal property for sale is exempt from sales and use tax.
Exemptions for Fencing and Trailers Used in Agricultural Production
June 29, 2022
Effective July 1, 2022, hog wire and barbed wire fencing used in agricultural production on lands classified as agricultural lands under section (s.) 193.461, Florida Statutes (F.S.), are exempt from Florida sales tax. Also exempt are gates and materials used to build or repair hog wire or barbed wire fencing.
Electronic File and Pay Requirements for Taxes, Fees, and Surcharges
June 24, 2022
Effective January 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1 – June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments, or any other type of payment made for the specific tax.
Indexed Tax on Asphalt Increases to 98 Cents Per Ton for the Period July 1, 2022 Through June 30, 2023
June 9, 2022
The tax rate used by contractors who manufacture and use asphalt during fiscal year July 1, 2022 through June 30, 2023, will increase from 84 cents per ton to 98 cents per ton. The indexed tax is adjusted on July 1 of each year, using a producer price index published by the U.S. Department of Labor, Bureau of Labor Statistics.
State Sales Tax Rate Imposed on Retail Sales of New Mobile Homes Reduced to 3%
May 27, 2022
Beginning July 1, 2022, the state sales tax rate imposed on the retail sale of a new mobile home is reduced from 6% to 3%. Any applicable discretionary sales surtax (local option sales tax) continues to apply.
Tax-Exempt Admissions Expanded
May 24, 2022
Effective July 1, 2022, admissions to certain FIFA World Cup matches, Formula One Grand Prix races and Daytona 500 races are exempt from sales tax.
2022 Sales Tax Exemption Period on Children’s Books – May 14, 2022, Through August 14, 2022
May 6, 2022
Florida’s first sales tax exemption period on children’s books begins Saturday, May 14, 2022, and ends Sunday, August 14, 2022. During the sales tax exemption period, tax is not due on the retail sale of children’s books.
2022 Disaster Preparedness Sales Tax Holiday May 28, 2022, Through June 10, 2022
May 6, 2022
The 2022 Disaster Preparedness Sales Tax Holiday begins on Saturday, May 28, 2022, and ends on Friday, June 10, 2022. During the sales tax holiday period, tax is not due on the retail sale of eligible items related to disaster preparedness.
Freedom Week Sales Tax Holiday on Specific Admissions and Outdoor Activity Supplies July 1, 2022, Through July 7, 2022
May 6, 2022
The sales tax holiday begins on Friday, July 1, 2022, and ends on Thursday, July 7, 2022. During this sales tax holiday period, tax is not due on the retail sale of admissions to music events, sporting events, cultural events, specified performances, movies, museums, state parks, and fitness facilities. Also exempt from sales tax during this holiday period are eligible boating and water activity supplies, camping supplies, fishing supplies, general outdoor supplies, residential pool supplies and sporting equipment.
Sales Tax Exemption Period on New ENERGY STAR Appliances – July 1, 2022, Through June 30, 2023
May 6, 2022
Florida’s sales tax exemption period on new ENERGY STAR appliances for noncommercial use begins Friday, July 1, 2022, and ends Friday, June 30, 2023. During this sales tax exemption period, tax is not due on the retail sale of eligible new ENERGY STAR appliances purchased for noncommercial use. The rental of eligible new ENERGY STAR appliances does not qualify for the exemption.
Sales Tax Exemption Period on Children's Diapers and Baby and Toddler Clothing, Apparel and Shoes – July 1, 2022, Through June 30, 2023
May 6, 2022
Florida’s first sales tax exemption period on children’s diapers and baby and toddler clothing, apparel, and shoes begins Friday, July 1, 2022, and ends Friday, June 30, 2023. During this sales tax exemption period, tax is not due on the retail sale of children’s diapers or on baby and toddler clothing, apparel, and shoes primarily intended for children age 5 or younger
Sales Tax Exemption Period on Impact-Resistant Doors, Garage Doors, and Windows – July 1, 2022, Through June 30, 2024
May 6, 2022
A temporary sales tax exemption period on impact-resistant doors, impact-resistant garage doors, and impact-resistant windows begins July 1, 2022, and ends June 30, 2024. During this sales tax exemption period, tax is not due on the retail sales of impact-resistant doors, impact-resistant garage doors, and impact-resistant windows for commercial or noncommercial use.
2022 Back-to-School Sales Tax Holiday – July 25, 2022, Through August 7, 2022
May 6, 2022
During the sales tax holiday period, tax is not due on the retail sale of:
- Clothing, footwear, and certain accessories with a sales price of $100 or less per item*
- Certain school supplies with a sales price of $50 or less per item,
- Learning aids and jigsaw puzzles with a sales price of $30 or less*
- Personal computers and certain computer-related accessories with a sales price of $1,500 or less, when purchased for noncommercial home or personal use
- Read the full TIP here.
2022 Sales Tax Holiday for Tools Commonly Used by Skilled Trade Workers – September 3, 2022, Through September 9, 2022
May 6, 2022
Florida’s 2022 ‘Tool Time’ Sales Tax Holiday begins on Saturday, September 3, 2022, and ends on Friday, September 9, 2022. During this sales tax holiday period, tax is not due on the retail sale of eligible items related to tools commonly used by skilled trade workers.
Madison County Increases Its Tourist Development Tax Rate From 3% to 5%
Jan. 5, 2022
The Madison County Board of County Commissioners adopted Ordinance No. 2021-246 increasing the tourist development tax rate from 3% to 5% on transient rental transactions occurring in Madison County.
Severance Tax
Electronic File and Pay Requirements for Taxes, Fees and Surcharges
June 24, 2022
Effective January 1, 2023, taxpayers must file tax returns and remit payments of taxes and fees electronically if the tax amount paid in the prior state fiscal year (July 1-June 30) is $5,000 or more. This requirement applies separately to each tax and is based on the amounts remitted as estimated payments, tentative payments, tax return payments or any other type of payment made for the specific tax.
Gas and Sulfur Production Tax Rates for 2022-2023
May 10, 2022
On July 1 of each year, the tax rates for production of gas and sulfur are adjusted as provided by law. The adjusted rates must be used when completing the Declaration of Estimated Gas and Sulfur Production Tax (Form DR-144ES) beginning with the July 2022 estimated payment. Form DR-144ES will be mailed to all active accounts during the last week of July.
Solid Mineral Tax Rates for 2022
March 21, 2022
Phosphate rock producers are subject to tax as provided by law. Use the following rate when completing the Declaration/Installment Payment of Estimated Solid Mineral Severance Tax (Form DR-142ES).