Florida retirement taxes at a glance (2026)
| State income tax | No state income taxFlorida has no state income tax. |
|---|---|
| Social Security | Not taxedFlorida has no income tax, so Social Security is not taxed. |
| Pensions | Not taxedPensions are not taxed because Florida has no income tax. |
| 401(k) and IRA withdrawals | Not taxedIRA and 401(k) withdrawals are not taxed because Florida has no income tax. |
| Government pensions | Not taxedGovernment pensions are not taxed because Florida has no income tax. |
| Military retirement pay | Not taxedMilitary retirement pay is not taxed because Florida has no income tax. |
| Estate tax | No |
| Inheritance tax | No |
| Property tax help for seniors | On top of the homestead exemption of up to $50,000, homeowners 65+ with income up to $37,694 can get an extra exemption of up to $50,000 (where the county or city offers it). |
| Sales tax | State rate 6%; average combined rate about 6.98%. Groceries and prescriptions are exempt. |
Recent changes and good to know
- Long-time owners 65+ (25+ years in a home worth up to $250,000, same income limit) can get a full exemption where local governments adopt it.
How to lower your retirement taxes in Florida
- Mix your income sources. Roth IRA withdrawals are tax-free at the federal level and generally in Florida too, so a Roth conversion before retirement can cut state tax later. Try the Roth conversion calculator.
- Watch federal Medicare costs. Large IRA withdrawals can raise your Medicare premiums. Check the 2026 IRMAA brackets.
- Think about your heirs. See what your IRA will really cost your family with the Family Tax Rate calculator.
- Comparing states? These have no state income tax: Alaska, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming.
Frequently asked questions
Does Florida tax retirement income?
No: Florida has no income tax, so no retirement income is taxed.
Does Florida tax Social Security?
Florida has no income tax, so Social Security is not taxed.
Does Florida tax pensions?
Pensions are not taxed because Florida has no income tax.
Does Florida tax 401(k) and IRA withdrawals?
IRA and 401(k) withdrawals are not taxed because Florida has no income tax.
Does Florida tax military retirement pay?
Military retirement pay is not taxed because Florida has no income tax.
Sources (last verified 2026)
- Florida State Taxes: 2026 Overview — AARP (2026)
Educational content only, not tax, legal or investment advice. Plans and tax laws change; confirm details with your employer's plan documents or your state revenue department. Smart Financial Lifestyle is not affiliated with any employer named on this site.