Florida has no state income tax in 2026, making it one of the most popular destinations for retirees and high-income earners relocating from high-tax states like New York and California. Florida residents file only a federal tax return — no state return required. On a $68,000 salary, a Florida worker pays approximately $8,500 in federal income tax and $5,202 in FICA, taking home about $54,000. Florida relies on a 6% state sales tax and tourism revenue to fund government services. The average federal refund for Florida residents is approximately $2,800.
2025 federal + simplified state + FICA — updates as you type.
State: Florida (pre-selected; change the dropdown for other states)
Florida has $0 state income tax in this model. Check the Age 65+ box to include the extra federal standard deduction when it applies to your situation.
Not applied in this simplified model (no credits). For illustration only.
State tax uses a flat effective rate on taxable income — not your actual state brackets. FICA: Social Security 6.2% on wages up to $176,100 and Medicare 1.45% on all wages shown.
SS $4,216.00 · Medicare $986.00
Federal 22.00% + state 0.00%
Estimated take-home
$56,224 / yr
$4,685 / month
Federal brackets (2025 · Single)
| Tax type | Florida rate | Notes |
|---|---|---|
| State income tax | 0% — None | No state return required |
| Federal income tax | 10% – 37% | Progressive federal brackets |
| Social Security | 6.2% | Up to $176,100 wage base |
| Medicare | 1.45% | Uncapped |
| State sales tax | 6% base | Local surtax up to 2% |
| Property tax | 0.89% effective | Homestead exemption available |
Florida residents benefit from the same federal tax deductions as all Americans. The 2026 standard deduction is $15,750 for single filers and $31,500 for married filing jointly. Seniors aged 65+ receive an additional $6,000 federal deduction — a significant benefit given Florida's large retiree population. The SALT deduction cap increase to $40,000 helps Florida homeowners with high property taxes. Tip income and overtime deductions of up to $25,000 benefit Florida's large hospitality and service workforce. Florida has no state-level EITC, but federal EITC of up to $7,830 applies.
No. Florida has no state income tax in 2026. Florida residents only file a federal tax return and pay federal income tax and FICA. Florida funds its government through a 6% base sales tax, local surtaxes, and tourism-related revenues.
On $68,000 of income in Florida (single filer, standard deduction), you pay approximately $8,500 in federal income tax and $5,202 in FICA, for a total of $13,702. Your take-home pay is approximately $54,000, with an effective total rate of about 20%.
Florida attracts residents from high-tax states like New York and California because it has no state income tax, saving high earners $10,000–$50,000+ annually in state taxes. Combined with relatively affordable home prices outside Miami, no estate tax, and warm weather, Florida offers significant financial advantages for retirees and high-income professionals.
Florida residents aged 65 and older benefit from a new $6,000 federal standard deduction bonus for 2026, reducing taxable income by an additional $6,000. This is a federal benefit available to all seniors regardless of state. It phases out for higher-income seniors above $75,000.
Educational estimates only. Not IRS advice.