Florida doesn’t tax Social Security, but there are other Florida taxes you should be aware of. Don’t forget that IRS also might tax your Social Security.
Does Florida tax retirement income?
Florida doesn’t tax Social Security or retirement income. In Florida, no income tax really means no income tax. It’s not like other states where earned income doesn’t get taxed but investment income does get taxed.
Florida never requires individuals to file income tax returns or report income for tax purposes.
Don’t forget that if you’re a snowbird, you may still owe income taxes to your old state. It will depend on where you live most of the year and the other state’s part-year resident rules.
What other taxes do Florida seniors have to pay?
Florida has two primary taxes that drive most of its revenue — sales tax and property tax.