State income tax (top rate)
None
Property tax (avg effective)
0.91%
PTET workaround
Not available
Florida tax notes
- No state income tax. Major draw for high earners moving from NY/NJ/CA — but residency rules are strict (Florida courts examine your domicile evidence aggressively).
- Property tax averages 0.91%. Save Our Homes 3% annual cap on assessment increases for primary residences.
- $138.75 annual LLC report fee.
Sample tax numbers for Florida
Quick orientation — use the full calculator for your actual situation.
State income tax on $100,000 taxable$0
Property tax on $400,000 home (avg)$3,640
SALT deduction usable (capped at $10k)$3,640
Tax moves that matter most for Florida
No state income tax — focus on federal levers
Florida has no state income tax, so SALT cap concerns are limited to property tax. Optimization focus shifts to federal: 401(k), Mega Backdoor Roth, HSA, S-Corp election for self-employed.
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S-Corp election for self-employed
At net SE income above ~$80k-$100k, electing S-Corp typically saves $5k-$15k/yr in self-employment tax — the math is largely federal but affects Florida state tax via PTET (if applicable).
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Solo 401(k) for self-employed retirement
If you have 1099 income, Solo 401(k) lets you contribute up to $70,000/yr (2025) — far more than SEP-IRA in most cases. Reduces both federal and Florida state income tax.
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Run your Florida numbers
Open the full optimizer with Florida pre-selected to see your specific tax picture.
Open the full calculator