We will continue to provide updates as additional guidance and technical details become available. Please contact your HHM advisor to discuss how these changes may affect your planning for 2025 and beyond.

IRS postpones various tax deadlines to Nov. 3 for Mississippi storm victims

With the recent passage of the Fiscal Year 2025-2026 budget the Florida House, Senate, and Governor Ron DeSantis came together to revamp holidays that the state has traditionally seen year to year and bring back some familiar holidays Floridians are used to seeing.

Florida governor Ron DeSantis signed bills implementing the state’s $117.4 billion budget for fiscal year 2025-2026. Included in the budget was HB 7031 which permanently eliminates the sales tax on commercial leases beginning October 1, 2025. It is estimated that this will save Florida businesses approximately $900 million per year.

On July 1, 2025, the Senate narrowly passed its version of the “One Big Beautiful Bill,” with Vice President JD Vance casting the tie-breaking vote after an extended session. The bill now returns to the House for further review and possible amendments.

Keep More in Your Wallet – Shop Tax-Free Weekend July 25th- July 27th