Florida tax deductions and write-offs (2026)

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%.

The operations and maintenance part of Florida CDD fees is generally deductible with property taxes; the debt-service part isn't.

No: Florida doesn't offer a renter's credit or rent rebate. Florida has no state income tax and no state renter credit or rent rebate. Florida's homestead exemption and its Save Our Homes assessment cap apply only to owners who live in their homes, not to renters. With no income tax to deduct, renters who itemize federally can deduct sales tax instead (6% state rate, about 6.98% with local).

No. Florida has no state personal income tax, so military retired pay is not taxed. With no income tax, Florida relies more on sales and property taxes; older homeowners get this 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%.

No. Florida has no individual income tax, so pensions and 401(k)/IRA withdrawals are not taxed by the state. With no income tax, Florida relies more on sales and property taxes; older homeowners get this 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%.

No. Florida does not impose a personal income tax, so Social Security benefits are not taxed by the state. The Florida Constitution (Art. VII, s. 5) bars an income tax on natural persons. With no income tax, Florida relies more on sales and property taxes; older homeowners get this 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%.

No: Florida has no income tax, so there's no state EITC to claim. No state individual income tax and no state EITC. A bill to create one was introduced in 2025–26 but did not pass. With no income tax, Florida relies more on sales and property taxes; older homeowners get this 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%.

Yes, and it's usually your best option: Florida has no income tax, so itemizers deduct sales tax instead (6% state rate, about 6.98% with local taxes). County discretionary surtax applies only to the first $5,000 of a single item such as a car or boat; total sales tax on a boat is capped at $18,000.

No: Florida doesn't base registration on your car's value, so it isn't deductible as personal property tax. Private auto license tax is $14.50-$32.50 by net weight; the $225 initial registration fee is one-time, not annual.

Florida has no personal income tax; homeowners get a homestead exemption, and itemizers can deduct sales tax instead of income tax federally.

No: Florida has no state income tax, so there's nothing to deduct 529 contributions from. No personal income tax, so no state deduction for Florida 529 or prepaid plan contributions.

No: Florida has no income tax, so there's no state child tax credit. No state individual income tax, so no state child or dependent care credits. With no income tax, Florida relies more on sales and property taxes; older homeowners get this 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%.

Yes, as a business expense: Florida charges $125 ($100 filing + $25 registered agent designation) to form an LLC; ongoing: $138.75 annual report. Due Jan 1-May 1; $400 late fee after May 1 (total $538.75).