No! Florida has no state income tax. The Florida Constitution prohibits a personal income tax. You only pay federal income tax and FICA (Social Security + Medicare). This makes Florida one of the most tax-friendly states for income earners.

Significant savings! At $100,000 income, New York state tax is approximately $5,400 vs Florida's $0. That's $450/month extra take-home pay. New York City residents save even more since they avoid the 3.88% NYC local tax on top of state tax.

Excellent! Florida taxes no retirement income—Social Security, pensions, 401(k), IRA withdrawals are all state tax-free. Combined with no estate tax, warm weather, and homestead exemption, Florida is the #1 retirement destination in the US.

Florida has a 6% state sales tax. Counties can add up to 2.5% local tax, making the maximum combined rate 8.5%. Groceries, prescription drugs, and some medical items are exempt. The average combined rate is about 7.0%.

Yes, but Florida offers strong homestead protections. Average property tax rate is about 0.89% (below national average). The homestead exemption reduces assessed value by up to $50,000 for primary residences, and Save Our Homes amendment caps annual increases at 3%.

Much simpler than most states! You only file a federal tax return (Form 1040). No state income tax return is required. This saves time, reduces complexity, and often lowers tax preparation costs. Just handle federal taxes with the IRS.

No. Florida has no state estate tax and no inheritance tax. Only the federal estate tax applies (exemption of $13.99 million per person in 2026). This makes Florida attractive for high-net-worth individuals and estate planning.

Both have no income tax! Differences: Texas has higher property taxes (~1.8% vs FL's ~0.89%). Florida has slightly higher sales tax (avg 7.0% vs TX 8.2%). Florida offers stronger homestead exemption. Both have no estate tax. Choice often depends on lifestyle, climate, and cost of living preferences.

Florida's homestead exemption reduces your home's taxable value by up to $50,000 for your primary residence. First $25,000 applies to all taxes; second $25,000 applies to non-school taxes. Plus, Save Our Homes caps assessed value increases at 3% per year.

To establish Florida residency: obtain a Florida driver's license, register to vote in Florida, file a Declaration of Domicile with the county, use a Florida address on tax returns, and spend more than 183 days per year in Florida. This is important for former residents of high-tax states to properly claim the no-income-tax benefit.