Please read through this important information that could be game changing for a local not for profit. You my not qualify but you may have connections to a business that does!!!
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. Safe Families for Children is honored to be one of only a few organizations (ask us about other who are eligible) 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 – Companies who file a F-1120 qualify. S corporations usually file a federal return (Fed- 1120S) but it is a pass-through, and so do not file a F-1120 with the state. An LLC will only qualify if they file an F-1120 with the state. C corporations typically file.
Excise tax on liquor, wine, and malt beverages; Gas and oil production tax; Insurance premium tax; and, Use tax due under a direct pay permit.
What does this mean for you?
You can donate to support vulnerable children and struggling families through Safe Families for Children, instead of sending taxes to the state. Amazingly 40 million credit dollars was made available to corporations to apply for under the Strong Families Tax Credit at 9 a.m. on Thursday, January 2, 2025, for the 2024-25 fiscal year. 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. If you do not already have an account with the 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 Safe Families, 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 keeping children safe, and families together!
If you have any questions about this process or need any assistance, please feel free to reach out to us.
Why Safe Families?
Florida has one of the largest foster care systems in the country and most children enter it due to preventable neglect, not physical abuse.
We catch these families before they fall. Nearly all (98%) of the families we serve have no further involvement with child services.
Our programs identify the root causes of a family’s struggle and provide them with the support and services they need to be successful long term.
Studies have shown that Florida counties see a decrease in the need for foster care after we launch our programs in the area.
We are 100% privately funded and 91% of our funding goes directly into programs, not overhead.
Our program is evidence-based – and a proven model to improve the safety of children and the well-being of families.
Links for further information
-Florida Dept. Of Revenue- https://floridarevenue.com/taxes/taxesfees/Pages/strongfamilies.aspxFlorida
Dep. of Children and Families https://www.myflfamilies.com/about/strong-families-tax-credit
Safe Families Tax Credit Flyer (email tpulsifer@safefamilies.net to see this flyer)
