Florida Tax Changes - November 2024
Week Of 11.11.2024
Florida announces interest rate for first half of 2025.
The Florida Department of Revenue has announced that the interest rate for underpayments, late payments, and overpayments for most taxes and fees will remain at 12% for the period of January 1, 2025, through June 30, 2025. This rate is adjusted twice a year based on the adjusted prime interest rate charged by banks. The daily interest rate factor for this period is 0.000328767. This rate is subject to change effective July 1, 2025.
Week Of 11.11.2024
Florida announces interest rate for first half of 2025.
The Florida Department of Revenue has announced that the rate of interest on underpayments, late payments, and overpayments, applicable to most taxes and fees, for the period of January 1, 2025, through June 30, 2025, remains at 12%. The interest rate is adjusted biannually based on the adjusted prime interest rate charged by banks. The daily interest rate factor to be used for this period is 0.000328767. This rate is subject to change effective July 1, 2025. (Florida Tax Information Publication No. 24ADM-04, 11/06/2024.)
Week Of 11.11.2024
Florida announces interest rate for first half of 2025.
The Florida Department of Revenue has announced that the rate of interest on underpayments, late payments, and overpayments, applicable to most taxes and fees, for the period of January 1, 2025, through June 30, 2025, remains at 12%. The interest rate is adjusted biannually based on the adjusted prime interest rate charged by banks. The daily interest rate factor to be used for this period is 0.000328767. This rate is subject to change effective July 1, 2025. (Florida Tax Information Publication No. 24ADM-04, 11/06/2024.)