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?

tax ratesThe 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 with H&R Block Virtual! With this service, we’ll match you with a tax pro with Florida tax expertise. Then, you will upload your tax documents, and our tax pros will do the rest! We can help with your FL taxes, including federal deductions for paying state taxes.

Prefer a different way to file? No problem – you can find Florida state tax expertise with all of our ways to file taxes.

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Household Employment Taxes

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File Now – Don’t Risk Losing an Advance Premium Tax Credit

Even if you aren't required to file a tax return, one important reason to file is to stay eligible for the Advance Premium Tax Credit. Learn more at H&R Block.