Florida Income Tax Rate in 2023 and Payroll Calculator

Author: Jason Coles

Updated On:

Updated On:

There is no income tax in Florida, and there are a total of nine states in the US that have no income tax.

The attraction to move from another state or relocate from another country to Florida is very appealing for many reasons. Having, on average, 237 days a year of sunshine certainly helps! But, the fact that the Florida state income tax rate is 0% is even more enticing.

Taxes are something that everyone needs to pay, and we are going to specifically cover the Florida state income tax rate when you take into consideration the other taxes you will be liable to pay on your income if you reside in the Sunshine State.

Florida Payroll Tax Calculator

We have created a free payroll calculator for Florida where you can input your annual salary or the hourly rate you are paid, select your tax filing status, and choose certain deductions you might be claiming or benefits you may be receiving from your employer, and it will let you know what your net pay will be after various taxes have been taken out. Enter your information below into our payroll tax calculator.

2023 Florida Income Tax Calculator

2023 Florida Income Tax Calculator

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What is the income tax rate in Florida

What is the Income Tax Rate in Florida?

We are not trying to dampen anyone’s hopes of not paying any tax in Florida, but even though the income tax rate in Florida is 0%, you will still have to pay taxes on your income whether you work for someone else or own a Florida business or franchise.

If you live and work in Florida your pay will reflect 0% for income tax deductions, but you will pay other Federal taxes that will affect your take-home pay. Likewise, if, as a business owner you pay yourself a salary through payroll or take a monthly, quarterly, or annual distribution/dividend from the net profit your business generates, you will still be liable for some tax.

When people ask “Do you pay income tax in Florida”, the answer is no, but since the US government is made up of local, state, and federal jurisdictions, you can rest assured that the government is going to tax you in one form or another on your income.

The goal of the information we are providing you with is to give you an overview of the likely tax you will pay on your earnings in Florida. Multiple factors affect your tax liability such as being single or married, having children and/or dependents, and other circumstances, and there is never a one-size-fits-all scenario, even though the income tax rate in Florida is 0%. You should always seek the help of a tax professional when filing taxes.

One thing you must always remember is that just because the Florida state income tax rate is 0% it does not mean that you will not be liable to pay any taxes on your earnings – it might just mean you will pay less than if you lived or worked in another state with a higher income tax than 0%.

Although you pay no income tax in Florida you are still liable to pay Florida sales tax, and the state imposes higher-than-average property taxes on those who own their own homes or commercial properties.

Do you pay income tax in Florida?

The short answer is no, you do not. Although Florida’s income tax rate is 0%, we have provided you with various scenarios of the tax you will pay on your income as a resident of Florida. The following information should be used for approximation purposes and does not represent legal authority, or the exact amount of Florida income tax (including Federal and FICA tax) that you will be liable for – it is just a guide based on information from the IRS and other sources.

The range we have provided in the Florida income tax brackets is from $1,200 per month or $14,400 per year to $12,000 per month, or $144,000 per year.

The gross monthly wage of $2,080.00 or $24,960 per year in the table represents the minimum wage in Florida in 2024 $12.00 per hour. A standard full-time position in the US typically includes a 40-hour workweek that translates to 2,080 hours in a year (40 hours x 52 weeks).

Monthly Gross WageFICA Taxes (7.65%)Federal Income TaxNo Income Tax in FloridaNet Monthly IncomeAnnual Gross IncomeNet Annual Income
$1,200.00$91.80$16.67$0.00$1,091.53$14,400.00$13,098.36
$1,300.00$99.45$26.67$0.00$1,173.88$15,600.00$14,086.56
$1,500.00$114.75$46.67$0.00$1,338.58$18,000.00$16,062.96
$1,600.00$122.40$56.67$0.00$1,420.93$19,200.00$17,051.16
$1,700.00$130.05$66.67$0.00$1,503.28$20,400.00$18,039.36
$1,800.00$137.70$76.67$0.00$1,585.63$21,600.00$19,027.56
$1,900.00$145.35$87.54$0.00$1,667.11$22,800.00$20,005.32
$2,000.00$153.00$99.54$0.00$1,747.46$24,000.00$20,969.52
$2,080.00$159.00$99.54$0.00$1,821.46$24,960.00$21,857.52
$2,500.00$191.25$159.54$0.00$2,149.21$30,000.00$25,790.52
$3,000.00$229.50$219.54$0.00$2,550.96$36,000.00$30,611.52
$3,500.00$267.75$279.54$0.00$2,952.71$42,000.00$35,432.52
$4,000.00$306.00$339.54$0.00$3,354.46$48,000.00$40,253.52
$4,500.00$344.25$411.83$0.00$3,743.92$54,000.00$44,927.04
$5,000.00$382.50$521.83$0.00$4,095.67$60,000.00$49,148.04
$5,500.00$420.75$631.83$0.00$4,447.42$66,000.00$53,369.04
$6,000.00$459.00$741.83$0.00$4,799.17$72,000.00$57,590.04
$6,500.00$497.25$851.83$0.00$5,150.92$78,000.00$61,811.04
$7,000.00$535.50$961.83$0.00$5,502.67$84,000.00$66,032.04
$7,500.00$573.75$1,071.83$0.00$5,854.42$90,000.00$70,253.04
$8,000.00$612.00$1,181.83$0.00$6,206.17$96,000.00$74,474.04
$8,500.00$650.25$1,298.63$0.00$6,551.12$102,000.00$78,613.44
$9,000.00$688.50$1,418.63$0.00$6,892.87$108,000.00$82,714.44
$9,500.00$726.75$1,538.63$0.00$7,234.62$114,000.00$86,815.44
$10,000.00$765.00$1,658.63$0.00$7,576.37$120,000.00$90,916.44
$11,000.00$841.50$1,898.63$0.00$8,259.87$132,000.00$99,118.44
$12,000.00$885.45$2,138.63$0.00$8,975.92$144,000.00$107,711.04

Income Tax Percentage in Florida

The above table provides you with a broad range of different Florida State income tax rate scenarios. The income tax rates in the table are based on a single taxpayer (not married) claiming one personal exemption.

The Florida income tax rates in the table reflect almost a worst-case scenario for a US taxpayer because those who are married and have dependents can typically take advantage of other deductions, which would effectively make the federal income tax you pay, less than what you see in the table.

Again, you must always consult a professional when it comes to calculating your Florida tax liability, since other factors may affect the amount of income tax you pay on your earnings in Florida. The income tax percentage in Florida is 0% as noted in the table, but you are still responsible for paying Social Security (6.2%) and Medicare (1.45%), totaling 7.65%.

You are also responsible for paying Federal Income Tax regardless of whether you reside in Florida with its favorable 0% income tax rate. To see all the US income tax rates by state have a look at our page that includes a table with all the rates and links to specific income tax rates in each US state.

State Income Tax Rates

Florida

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Jason Coles

Jason Coles is the Founder of Foreign USA and its Chief Content Writer and Editor. Recognized as a prolific business plan writer by many prominent immigration attorneys in the U.S. who refer his services to their clients regularly, Jason has written over 1,345 business plans across the past 17+ years for start-up companies and franchises looking to expand their footprint in the United States. Jason is considered a seasoned expert in his field. He creates detailed business plans for his clients that include five-year financial projections, market and industry analysis reports, demographic studies, organizational charts, job descriptions, employee hiring plans, and more.