Florida Taxes Guide
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Overview of Florida Income Tax
Florida doesn’t levy a state income tax on employee- and employer-related taxes. However, corporations must pay an income tax on earnings. Exemptions apply to an LLC,sole proprietorship, and S-corp pass-through entity, making them business-friendly.
Here’s another web page about Florida income taxes as well.
Income Tax Rate
Since Florida doesn’t levy income taxes, there’s no state income tax rate. However, the corporate income tax rate is 5.5 percent.
Federal Income Tax vs. Florida Income Tax
Florida residents pay federal income taxes to the IRS. However, state-level income taxes vary, and every state doesn’t levy income taxes on earnings
For example, California levies income in Texas, whereas Florida doesn’t. Here is a complete list of states that don’t require income taxes:
- Alaska
- Florida
- Nevada
- New Hampshire
- South Dakota
- Tennessee
- Texas
- Washington
- Wyoming
This article compares other states without an income tax, such as Texas.
Compliance with Florida Income Tax
There’s no Florida income tax, which means that there are no compliance measures required. However, you still must comply with federal income tax laws.
The IRS can audit the last three years of your tax records, including:
- Accounting records
- Receipts
- Proof of tax deductions
- State tax returns
- Federal tax returns
- Other documents
If you are under federal tax audit, Florida tax lawyers help you navigate the situation and protect your rights.
Income Tax Calculator
A Florida income tax calculator isn’t necessary since Florida doesn’t require people to pay any state income tax. However, you may want to use a federal income tax calculator to help you estimate them as well as account for deductions and tax cuts.
Filing & Paying
Filing and paying Florida income tax isn’t necessary since Florida doesn’t levy state-level income tax payments. However, you do have to pay the proper federal income taxes to the IRS.
Other Florida Taxes
Individuals and businesses are subject to other taxes in Florida. While income tax is not one of them, there are other taxes you must pay if you own a business, work for an employer, or have an estate plan.
Other taxes in Florida include
- Property taxes
- Estate taxes
- Gift taxes
- Sales taxes
- Business taxes
Compliance and understanding of the above-referenced taxes are essential. Here’s another article about other Florida taxes for more information
A tax attorney will provide personalized legal advice if you have more specific questions about your situation.
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Curt L.
For over thirty five (35) years, Mr. Langley has developed a diverse general business and commercial litigation practice advising clients on day-to-day business and legal matters, as well as handling lawsuits and arbitrations across Texas and in various other states across the country. Mr. Langley has handled commercial matters including employment law, commercial collections, real estate matters, energy litigation, construction, general litigation, arbitrations, defamation actions, misappropriation of trade secrets, usury, consumer credit, commercial credit, lender liability, accounting malpractice, legal malpractice, and appellate practice in state and federal courts. (Online bio at www.curtmlangley.com).
Davis S.
Davis founded DLO in 2010 after nearly a decade of practicing in the corporate department of a larger law firm. Armed with this experience and knowledge of legal solutions used by large entities, Davis set out to bring the same level of service to smaller organizations and individuals. The mission was three-fold: provide top-notch legal work, charge fair prices for it, and never stop evolving to meet the changing needs of clients. Ten years and more than 1000 clients later, Davis is proud of the assistance DLO provides for companies large and small, and the expanding service they now offer for individuals and families.
"Amazing work! I am so pleased that I was able to get my contracts in order so quickly! I feel very confident sending my contracts to future clients now!"
Matthew S.
I am a 1984 graduate of the Benjamin N Cardozo School of Law (Yeshiva University) and have been licensed in New Jersey for over 35 years. I have extensive experience in negotiating real estate, business contracts, and loan agreements. Depending on your needs I can work remotely or face-to-face. I offer prompt and courteous service and can tailor a contract and process to meet your needs.
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Tim E.
I am a business attorney focused on providing practical, targeted legal services for small businesses, startups, contractors, consultants, and service providers. I help clients efficiently review, draft, and improve everyday business contracts, including service agreements, NDAs, independent contractor agreements, vendor contracts, commercial leases, and purchase documents. My approach is straightforward: identify the terms that matter, explain risks in plain English, and deliver clear, usable edits or drafts without unnecessary complexity. I regularly handle fixed-fee, quick-turnaround projects such as contract reviews, agreement drafting, and demand or termination letters. While I offer streamlined, project-based services for routine matters, I can also assist with broader business legal needs as they arise.
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Braden Perry is a corporate governance, regulatory and government investigations attorney with Kennyhertz Perry, LLC. Mr. Perry has the unique tripartite experience of a white-collar criminal defense and government compliance, investigations, and litigation attorney at a national law firm; a senior enforcement attorney at a federal regulatory agency; and the Chief Compliance Officer/Chief Regulatory Attorney of a global financial institution. Mr. Perry has extensive experience advising clients in federal inquiries and investigations, particularly in enforcement matters involving technological issues. He couples his technical knowledge and experience defending clients in front of federal agencies with a broad-based understanding of compliance from an institutional and regulatory perspective.
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