My Safe Florida Home Grants not Taxable

Florida CFO Alex Sink recently scored a win for FL taxpayers with the Internal Revenue Service. In a press release dated Dec 12, she announced that the IRS has agreed to exempt from federal income tax all My Safe Florida Home grants paid to FL homeowners. That IRS ruling, first applied for by Sink in June, will save FL taxpayers around $2.5 million in federal tax liability.

The MSFH program is still one of the best ways for FL homeowners to begin to harden their home against hurricane damage. As noted in the release, many homeowners can realize savings in their insurance premiums without any improvements being made. Sink reports that 76% of homeowners who got the report and presented it to their insurance carriers were eligible on average for a $210 premium reduction based on the present condition of their home.

Even with recent eligibility changes, such as reducing the limits on the insured value of homes and restricting coverage to Wind-Borne Debris Regions only, MSFH has helped over 100,000 Floridians protect their homes from potential hurricane damage. That has got to be a good thing.

If you qualify, or think you do, contact the folks at My Safe Florida Home. Go to the MSFH website, or call them at 1.866.513.6734.

Regards,
Stormy

MSFH Program Still Alive

The hurricane season has ended, sure, but the problem of protecting homes from hurricane damage still has to be addressed for many FL homeowners. The 'off-season' is a great time to get the work done, without the impending threat of a hurrcane's approach.

The My Safe Florida Home program is not in an off season. Applications for the free home inspection continue to flood their office. Check them out if you haven't already. You won't be sorry.

Regards,
Stormy