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Say Goodbye to the 2% Tax: Florida’s New Law Eliminates State Sales Tax on Commercial Rent

Starting October 1, 2025, Florida will officially eliminate the 2% state sales tax on commercial leases—a move that business owners, landlords, and investors have eagerly awaited. If you’re involved in leasing commercial real estate, it’s time to understand what this change means for you and how to plan ahead. Why It Matters Under current law, Florida is the only state that charges a sales tax on commercial rent. That’s about to change. Governor Ron DeSantis signed legislation that eliminates the 2% state portion of the tax, creating immediate and long-term savings for tenants and landlords across the state. Who’s Impacted? Tenants and landlords leasing commercial space Developers and investors in commercial real estate Exceptions (still taxable): Short-term rentals (less than 6 months) Parking spaces, marinas, and docks Aircraft hangars Storage units and equipment rentals What’s Changing and When Until September 30, 2025: The 2% state sales tax still applies. Starting October 1, 2025:...
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NET INVESTMENT INCOME TAX (NIIT) OR "OBAMA" TAX

  For high-income taxpayers, dealing with a regular income tax rate of 35% or 37% can be challenging. On top of that, there's an extra 3.8% net investment income tax (NIIT) to consider. The good news is that there are ways to minimize its impact. Who's Affected? The NIIT applies if your modified adjusted gross income (MAGI) exceeds specific thresholds: $250,000 for married taxpayers filing jointly and surviving spouses, $125,000 for married taxpayers filing separately, $200,000 for unmarried taxpayers and heads of household. The taxed amount is the lesser of your net investment income or the excess of your MAGI over the applicable threshold ($250,000, $200,000, or $125,000). What's Included in Net Investment Income? Net investment income encompasses interest, dividends, annuities, royalties, and rental income—unless they're part of an active trade or business. Passive activity income from a trade or business and income from trading in financial instruments or commoditie...
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