Florida Tax Rate

 

While federal tax rates apply to every taxpayer (based on your filing status), state income taxes vary by state. Some states have a flat tax rate, marginal tax rate, or don’t have any state taxes at all. Read on to learn more about the Florida tax rate for individuals’ income—or lack thereof.

What Are The Florida Tax Brackets

There are no Florida tax brackets for individuals, because the state doesn’t impose a state income tax.

The state’s tax revenue primarily is derived from tax on businesses and industry, as well as Florida real property and hospitality tax.

What is the Tax Percentage in Florida?

The tax percentage rate in Florida is 0% for personal income taxes. While individuals don’t have to pay Florida income tax, corporations do. In fact, Florida imposes a 4.458% corporate income tax.

Taxpayers are required to file Florida corporate income tax returns electronically if required to file federal income tax returns electronically, or if $20,000 or more in Florida corporate income tax was paid during the prior state fiscal year.

View more information about who files corporate tax in Florida.

More Help with Taxes in Florida

Need help with your Florida taxes? Luckily, we’re here to save the day! Tax Pro Go, virtual tax prep offered by H&R Block.

Taking these Florida tax issues into consideration, we can make sure you are supported when it comes to taxes. Whether it’s understanding your tax obligation, resolving state tax problems, finding state deductions through the SALT deduction, or filing your state taxes, we’ve got you covered!

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