RelocateMath
Retirement taxes 2026

Retiring in Florida: how your income is taxed

Florida is very tax-friendly for retirees. On a typical retirement income it ranks tied for #1 of 51 with 18 other states for the lowest state income tax.

By Page updated Data: IRS, Florida revenue department (methodology)

Florida state tax
No tax on any retirement income
Florida has no state income tax.
Federal income tax
$4,336
Single, 67, with $30,000 Social Security, $20,000 private defined-benefit pension, $20,000 traditional IRA withdrawals

Assumptions behind this comparison

The ranking uses a full-year resident, single filer age 67, with $30,000 Social Security, $20,000 private defined-benefit pension, $20,000 traditional IRA withdrawals under 2026 rules. It models a general private pension and traditional IRA withdrawals. Public or military pension exceptions, early-distribution penalties and itemized deductions require separate checking. Maryland and Indiana estimates include an approximate statewide-average county income tax; other local income taxes are not modeled. A state with no income tax differs from a state that exempts only specified retirement income.

The joint table uses two spouses age 67, with each income category split equally between them. Personal exclusions follow each spouse's own eligible income; some states instead allow a joint cap. The calculator initially assigns household income to you and lets you enter your spouse's actual age and share. Read the source instructions for your pension type.

The rules in Florida

Florida has no state income tax on wages or retirement income, so Social Security, pensions and retirement-account withdrawals are not taxed by the state.

Calculate your Florida retirement taxes

State income tax in Florida: $0 a year

The employer-plan field supports federally taxable private 401(k) / 403(b) retirement distributions owned by someone aged 60 or older. Earlier distributions and Hawaii, Mississippi or Pennsylvania employer-plan scenarios are not calculated; funding or plan retirement eligibility needs a separate check. Enter each amount once; do not include completed rollovers, Roth payments or special public/military plans.

Household totals include taxable private pensions and traditional retirement withdrawals. Other ordinary income means taxable interest and ordinary dividends; capital gains, qualified dividends, tax-exempt interest, wages, Roth distributions and special public or military pension rules need a separate calculation. Disability and survivor eligibility are not assessed by this tool. Age bands represent the listed ages for the full year; midyear eligibility and birth-date exceptions need checking.

Local income taxes are not modeled here, except the approximate statewide-average county rates included when you select Maryland or Indiana.

In Florida you'd pay about $0 in state income tax and $4,336 in federal income tax on $70,000 of retirement income, keeping $65,664 (6.2% total).

Florida ranks tied for #1 of 51 with 18 other states for the lowest state tax on this income. 19 states charge no state income tax on this income.

State income tax
$0
Federal income tax
$4,336
$22,350 of Social Security taxable
Senior deduction used
$6,000
2025–2028 federal break for 65+
You keep
$65,664

Check the new owner’s tax bill and storm coverage in Florida

These next steps concern Florida, the state covered by this guide. If you compare another state in the calculator, use that state's retirement guide for its housing and transfer-tax rules.

Florida has no state individual income tax. Property assessment, homestead eligibility and insurance still need a separate check for the home you would occupy.

  1. Ask the county appraiser about your assessment and homestead eligibility. Do not assume the seller’s bill, homestead exemption or accumulated Save Our Homes assessment benefit becomes yours. Exemption eligibility and any transfer of an assessment difference require their own checks. Start with Florida Revenue’s homestead and portability guidance and have the county property appraiser explain the post-purchase assessment and application requirements.

  2. Compare hurricane deductibles and flood protection before buying. Get a homeowners quote for the address and read the hurricane deductible. Use the Florida insurance consumer guide and check flood coverage separately: it is usually a separate policy or endorsement. A home outside a high-risk flood zone can still flood.

Use our Florida county property-tax comparison and Florida home-cost breakdown to start a housing budget. County comparisons use Census ACS 2020–2024 ratios of medians. The home-cost page’s homeowners-insurance input is an ACS 2024 median for homes with a mortgage; it is not a current quote or a retirement mortgage-approval decision.

Official guidance checked . These next actions do not change the income-tax model or determine eligibility for relief.

What retirees pay in Florida

Estimated 2026 state and federal income tax in Florida for retirees 67, by retirement income
Retirement incomeState tax (single)State tax (married)Federal tax (single)
$24,000 Social Security, $12,000 traditional IRA withdrawals$0$0$0
$30,000 Social Security, $20,000 private defined-benefit pension, $20,000 traditional IRA withdrawals$0$0$4,336
$40,000 Social Security, $40,000 private defined-benefit pension, $50,000 traditional IRA withdrawals, $10,000 other income$0$0$19,812

Age 67, 2026 rules including the federal senior deduction. For the joint column, income is the household total, both spouses are 67, and each owns 50% of every income category. State estimates apply Florida's main exclusions and may differ for income-tested credits.

Moving to Florida in retirement?

Compare the tax on your Social Security, pension and 401(k)/IRA income, and typical living costs, with the state you'd leave. These are the states most households moving to Florida come from (IRS migration data, 2022–2023).

Frequently asked questions

Does Florida tax Social Security?

Not taxed. Florida has no state income tax.

Does Florida tax pensions?

Not taxed. Florida has no state income tax.

Does Florida tax 401(k) and IRA withdrawals?

Not taxed. Florida has no state income tax.

Is Florida a good state to retire for taxes?

For a single retiree with $30,000 Social Security, $20,000 private defined-benefit pension, $20,000 traditional IRA withdrawals, Florida charges about $0 in state income tax, ranking tied for #1 of 51 with 18 other states (lowest tax first).

Related

Sources: flsenate.gov, floridarevenue.com, military.com. Rules reviewed .