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Form W-2 for Hollywood Florida: What You Should Know

Miami, FL 33136 Federal Tax Credits for Florida Employers of Unincorporated Businesses — U.S. Treasury Dept. For more details on the tax credits, please email us at or call. Credit for Florida Tax Credit on Qualified Charitable Remainder Plans — U.S. Treasury Dept. For more details on the tax credits, please email us at or call. Credit for Florida Tax Credit for Qualified Business Contributions — U.S. Treasury Dept. For more details on the tax credits, please email us at or call. Credit for Nonprofit Organizations with 10 or More Employees — U.S. Treasury Dept. For more details on the tax credits, please email us at or call. Florida Employment Tax Credit: If you are making taxable compensation of at least 1,150 a week for employment in a qualified business, you should have a Florida employment tax exemption from the State of Florida as a result of the Florida Business Exemption Act. The “Florida Business Exemption Act” allows employers who hire full-time, year-round employees to avoid income tax in Florida unless they have an income tax liability. The Act allows a qualified business which pays payroll in Florida to deduct all amounts paid in cash from their salaries and wages, and withholds all amounts required by Florida, in the form of payroll taxes, from that income. This is a credit against payroll taxes in Florida.

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