Florida property taxes
Varies
Are Property Taxes Deductible in Florida?
Short answer: Yes on your federal return if you itemize, within the $40,400 SALT cap. Florida adds its own break: $50,000 homestead exemption: $25,000 off all taxes plus $25,000 off non-school taxes; Save Our Homes caps yearly increases at 3%.
Amendment 3 on the Nov 2026 ballot would raise the non-school exemption to $150,000 in 2027 and $250,000 in 2028.
Records to keep: Keep receipts, statements, and a note of what each cost was for. Compare itemizing to the 2026 standard deduction ($16,100 single / $32,200 joint) before you claim.
Florida property taxes
Varies
Individuals / Personal Taxes
Yes on your federal return if you itemize, within the $40,400 SALT cap. Florida adds its own break: $50,000 homestead exemption: $25,000 off all taxes plus $25,000 off non-school taxes; Save Our Homes caps yearly increases at 3%.
Business justification
Yes on your federal return if you itemize, within the $40,400 SALT cap. Florida adds its own break: $50,000 homestead exemption: $25,000 off all taxes plus $25,000 off non-school taxes; Save Our Homes caps yearly increases at 3%. Amendment 3 on the Nov 2026 ballot would raise the non-school exemption to $150,000 in 2027 and $250,000 in 2028.
Category
- Personal Tax Deductions