Florida Tax FAQs

• taxmOuth Florida Tax FAQs

Florida Tax Forms

• taxmOuth Florida Tax Forms

Florida Corporate Taxes

• taxmOuth Florida Corporate Taxes
• Florida Tax Rates & Brackets:
  
  5.5%> $0
  
• Loss Carry-back/fwd: 0 Years Back / 20 Years Forward (Unlimited)
• Throwback Sales?: N
• Foreign Tax Deductible?: Y
• Alternative Minimum Tax (AMT): Y
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: N

Florida Tax Incentives and Credits

• taxmOuth Florida Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Florida Individual Income Taxes

• taxmOuth Florida Individual Income Taxes
• Florida tax rates and brackets:
  
  None
  
• Local Option IT Rate: None
• Federal Inc used as Base?: N/A
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single N/A / Joint N/A / Dependent N/A
• Federal Tax Deductible?: N/A
• State Tax Deductible?: N/A
• Alternative Minimum Tax (AMT)?: N/A

Florida Estate, Gift and Inheritance Taxes

• taxmOuth Florida Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Copies Federal
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Florida Miscellaneous Taxes

• taxmOuth Florida Miscellaneous Taxes
• Gas Tax: 33.2 cents/gallon
• Diesel Tax: 29.0 cents/gallon
• Cigarette Tax: 133.9 cents/20 pack

Florida Pass-through Tax Treatment

• taxmOuth Florida Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Y

Florida Payroll Taxes

• taxmOuth Florida Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #3

Florida Property Taxes

• taxmOuth Florida Property Taxes
• Median Tax Paid on Homes (Rank): $1,860 (#21)
• Median Value of Homes: $218,700
• Tax as % of Home Value (Rank): 0.85% (#24)
• Median Income of Homeowner: $56,633
• Tax as % of Income (Rank): 3.28% (#18)

Florida Sales and Use Taxes

• taxmOuth Florida Sales and Use Taxes
• State Rate: 6.0%
• County & City (Weighted Ave): 1.01%
• Combined State and Ave. Local Rates (Rank): 7.01% (#18)
• General Treatment of Services: Many Taxable
• Gasoline: Exempt
• Groceries: Exempt