FL
No State Income Tax
None
Top state income tax rate
N/A
SALT deduction impact
OBBBA in Florida: What You Need to Know
Florida has no state income tax. All OBBBA federal savings apply in full with no state offset. Florida residents benefit fully from tip and overtime exemptions, CTC expansion, and rate reductions.
OBBBA Provision Impact for Florida Residents
| OBBBA Provision | Federal Impact | FL State Impact |
|---|---|---|
| Tip Income Exemption ($25k) | ✅ Exempt from federal income tax | ✅ No state income tax |
| Overtime Exemption | ✅ All OT exempt from federal tax | ✅ No state income tax |
| SALT Cap ($40k married) | ✅ Deduct up to $40k on federal return | N/A — no state income tax |
| Child Tax Credit ($2,500) | ✅ Federal CTC expanded | No direct state effect |
| Senior Deduction ($4,000) | ✅ Additional $4k deduction | N/A |
| Trump Accounts | ✅ $1,000 federal seed + tax-free growth | Federal program — state tax treatment varies |
Calculate Your Florida Tax Savings
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