Great News!
The Florida Strong Families Tax Credit was established in 2021 to support eligible charitable organizations that provide services focused on child welfare and well-being. One More Child is honored to be one of only a select few organizations in the state approved as a designated charity. Under the program, corporate taxpayers can make private monetary contributions to a designated charitable organization and receive a dollar-for-dollar credit against the following Florida taxes:
- corporate income tax
- gas and oil production tax
- insurance premium tax
- use tax due under a direct pay permit
- certain excise taxes
What does this mean for you?
You can make a charitable donation to support vulnerable children and struggling families through One More Child, instead of sending taxes to the state.
$20 million will be available to corporations to apply for under the Strong Families Tax Credit at 9 a.m. on Thursday, January 2, 2025. The funds are allocated on a “first come, first serve” basis and historically, the available funds are claimed very quickly (minutes/hours vs days/weeks).
Next steps:
We encourage you or your CPA to see the full information from the Florida Department of Revenue, here. Prior to July 1, 2024: If you do not already have an account with Florida Department of Revenue’s Multi-Use Tax Credit, you will need to create one here.
At 9 a.m. on Thursday, January 2, 2025 log in to the Multi-Use Tax Credit site and submit your application.
This is an incredible opportunity to support One More Child, as you have faithfully been doing this year. Without you, our mission to serve vulnerable children and struggling families would not be possible. Thank you for your continued support. Your contributions are monumental to serving one more child!
If you have any questions about this process or need any assistance, please feel free to reach out to Leon Battle, Vice President of Strategic Partnerships, by phone at 239.292.0588 or by email.
