How to Calculate Florida Sales Tax Collection Allowance

Every item sold in Florida is subject to the Florida Sales and Use tax. Whether you sell or rent goods or charge admission to events, you must collect sales tax and send the money to the Florida Department of Revenue. If you are a sales tax collector, you are entitled to a Florida Sales and Use Tax Collection Allowance of up to $30 to offset your costs to collect and transmit the tax.

Enter the amount of sales tax you have collected into your calculator, up to a maximum of $1,200. For example, if you have collected $3,000 in sales tax, enter $1,200.

Press the multiplication key.

Enter ".025" into the calculator, then press enter. This is the amount of your collection allowance.

 

Tips

  • If you have collected more than $1,200 in sales tax, there's no need to do the calculation; your allowance is a flat $30.

Warnings

  • Don't file your sales tax return late, or you will lose your collection allowance.

References

About the Author

Stephanie Ellen teaches mathematics and statistics at the university and college level. She coauthored a statistics textbook published by Houghton-Mifflin. She has been writing professionally since 2008. Ellen holds a Bachelor of Science in health science from State University New York, a master's degree in math education from Jacksonville University and a Master of Arts in creative writing from National University.