The Florida salary calculator is designed for residents of the Sunshine State to estimate their actual take-home pay after federal taxes and FICA contributions. Since Florida is one of the few states in the U.S. with no state income tax, this tool focuses on federal obligations, ensuring you get a precise picture of your monthly or bi-weekly budget.
Simply enter your gross annual earnings and filing status to see how much of your paycheck stays in your pocket.
Gross Annual Salary
Your total yearly earnings before any taxes or deductions are removed.
Filing Status
Determines your federal tax brackets and standard deduction (Single, Married Filing Jointly, or Head of Household).
401k/Deductions
Any pre-tax contributions you make to retirement plans or health insurance premiums.
How It Works
When you use the Florida salary calculator, the system performs a sequence of calculations based on current IRS tax laws for the 2024 tax year. Because there is no Florida state-level withholding, the formula is generally:
Net Pay = Gross Salary – Federal Income Tax – FICA (Social Security & Medicare) – Pre-tax Deductions
Federal Income Tax: Calculated using progressive tax brackets ranging from 10% to 37%.
Social Security: A flat 6.2% tax on earnings up to the annual wage base limit ($168,600 for 2024).
Medicare: A flat 1.45% tax on all earnings, with an additional 0.9% for earnings over $200,000.
Florida State Tax: Always 0%, as Florida does not tax personal income.
Calculation Example
Example: A single professional living in Orlando earning $80,000 per year with no pre-tax deductions.
Step-by-step solution:
Gross Pay: $80,000
Standard Deduction (Single): -$14,600
Taxable Income: $65,400
Federal Tax Calculation: First $11,600 at 10%, next $35,550 at 12%, remaining at 22%. Total Federal Tax ≈ $9,100.
FICA Taxes: Social Security ($4,960) + Medicare ($1,160) = $6,120.
Florida State Tax: $0.00
Total Net Pay: $80,000 – $9,100 – $6,120 = $64,780
Bi-weekly Paycheck: $2,491.54
Common Questions
Does Florida have state income tax?
No. Florida is one of nine states that does not impose a state income tax on its residents. This makes the Florida salary calculator simpler than most, as you only need to account for federal taxes.
What is the 2024 standard deduction for Florida residents?
The standard deduction is a federal figure. For 2024, it is $14,600 for Single filers and $29,200 for Married Filing Jointly. This amount is subtracted from your gross salary before federal income tax is applied.
How much is FICA tax in Florida?
FICA (Federal Insurance Contributions Act) is mandatory nationwide. You pay 6.2% for Social Security and 1.45% for Medicare. Your employer matches these amounts.