Retirement planning for Florida.
No state income tax. Start with your situation
Start with your situationFlorida at a glance (2026)
- Top combined rate
- 37%
- State tax model
- None
- Standard deduction
- $16,100
- RMD start age
- 73
No state income tax
Florida does not levy a state income tax. Your 401(k)/IRA withdrawals, Roth conversions, Social Security, and investment gains are taxed only at federal rates (10-37%).
Florida retirement planning insights
- Florida has no state income tax. The most popular retirement destination in the US combines warm weather with tax efficiency
- Like Texas, Roth conversions in Florida cost only the federal rate. Florida's lack of estate/inheritance tax is an additional planning advantage
- Florida's homestead exemption ($50K) and Save Our Homes cap (3% annual assessment increase) make property taxes more predictable for long-term residents
- Florida retirees who moved from high-tax states (NY, CA, NJ) should time their move carefully. Establish residency before large IRA distributions or asset sales
Frequently asked questions
Why is Florida the most popular retirement state?
No state income tax, no estate tax, no inheritance tax, homestead protection, and warm weather. Florida retirees keep more of every dollar withdrawn from retirement accounts. The total tax savings vs a high-tax state like New York can exceed $10,000-50,000/year depending on income.
Should I move to Florida before taking large distributions?
Yes. If you're planning a large Roth conversion, pension lump sum, or asset sale, establishing Florida residency first avoids state tax on that income. The timing of your move relative to these events can save thousands. cinder.fi lets you model both scenarios.
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Start with a Florida situation.
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