Estimate your net income after federal taxes and FICA in the Sunshine State.
Florida Tax Fact: Florida is one of the few states with no state income tax. Your deductions consist solely of Federal Income Tax, Social Security, and Medicare.
Living and working in Florida offers a significant financial advantage: the state does not levy a personal income tax. However, you are still responsible for federal obligations. This calculator uses the latest federal tax brackets and FICA rates to determine your take-home pay.
1. Gross Income
This is your total earnings before any taxes or deductions are removed. If you are salaried, it's your annual salary divided by your pay frequency. If you are hourly, it's your hourly rate multiplied by hours worked.
2. Federal Income Tax
The IRS uses a progressive tax system. Depending on your filing status (Single, Married, or Head of Household), your income is taxed in layers. For 2024, the standard deduction for a single filer is $14,600, which reduces your taxable income right off the top.
3. FICA Taxes (Social Security & Medicare)
Regardless of which state you live in, FICA taxes are mandatory:
Social Security: 6.2% of your gross wages, up to a maximum wage base of $168,600.
Medicare: 1.45% of your gross wages with no upper limit.
4. The Florida Advantage
Because Florida has no state income tax, the "State Tax" line on your pay stub will consistently show $0.00. This often results in a higher net pay compared to states like New York or California, where state tax can take an additional 5% to 13% of your earnings.
Example Calculation
If you earn $75,000 annually in Florida and file as Single:
Gross Monthly: $6,250
FICA Deductions: Approximately $478
Estimated Federal Tax: Approximately $760
Net Monthly Pay: Approximately $5,012
function calculateFloridaPay() {
var grossInput = parseFloat(document.getElementById('fl_gross_pay').value);
var frequency = parseFloat(document.getElementById('fl_pay_period').value);
var filingStatus = document.getElementById('fl_filing_status').value;
var monthlyPreTax = parseFloat(document.getElementById('fl_pretax').value) || 0;
if (isNaN(grossInput) || grossInput <= 0) {
alert("Please enter a valid gross pay amount.");
return;
}
var annualGross = 0;
var periodGross = 0;
if (frequency === 1) {
annualGross = grossInput;
periodGross = annualGross / 12; // Default display to monthly if annual entered
var displayFrequency = 12;
} else {
annualGross = grossInput * frequency;
periodGross = grossInput;
var displayFrequency = frequency;
}
// Adjust for Pre-tax (simulated as monthly)
var annualPreTax = monthlyPreTax * 12;
var taxableGross = Math.max(0, annualGross – annualPreTax);
// Standard Deductions 2024
var standardDeduction = 14600;
if (filingStatus === 'married') standardDeduction = 29200;
if (filingStatus === 'head') standardDeduction = 21900;
var federalTaxable = Math.max(0, taxableGross – standardDeduction);
// Simplified Federal Tax Brackets 2024 (Single)
var fedTax = 0;
var brackets = [];
if (filingStatus === 'married') {
brackets = [
{ limit: 23200, rate: 0.10 },
{ limit: 94300, rate: 0.12 },
{ limit: 201050, rate: 0.22 },
{ limit: 383900, rate: 0.24 },
{ limit: 487450, rate: 0.32 },
{ limit: 731200, rate: 0.35 },
{ limit: Infinity, rate: 0.37 }
];
} else {
brackets = [
{ limit: 11600, rate: 0.10 },
{ limit: 47150, rate: 0.12 },
{ limit: 100525, rate: 0.22 },
{ limit: 191950, rate: 0.24 },
{ limit: 243725, rate: 0.32 },
{ limit: 609350, rate: 0.35 },
{ limit: Infinity, rate: 0.37 }
];
}
var remainingTaxable = federalTaxable;
var prevLimit = 0;
for (var i = 0; i < brackets.length; i++) {
var currentBracketCap = brackets[i].limit – prevLimit;
var amountInBracket = Math.min(remainingTaxable, currentBracketCap);
fedTax += amountInBracket * brackets[i].rate;
remainingTaxable -= amountInBracket;
prevLimit = brackets[i].limit;
if (remainingTaxable <= 0) break;
}
// FICA
var ssTax = Math.min(annualGross, 168600) * 0.062;
var medTax = annualGross * 0.0145;
// Convert annual to pay period
var periodFedTax = fedTax / displayFrequency;
var periodSSTax = ssTax / displayFrequency;
var periodMedTax = medTax / displayFrequency;
var periodPreTax = annualPreTax / displayFrequency;
var periodNet = periodGross – periodFedTax – periodSSTax – periodMedTax – periodPreTax;
// UI Updates
document.getElementById('res_gross').innerText = '$' + periodGross.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('res_fed_tax').innerText = '-$' + periodFedTax.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('res_ss').innerText = '-$' + periodSSTax.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('res_med').innerText = '-$' + periodMedTax.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('res_net').innerText = '$' + periodNet.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('fl_results_area').style.display = 'block';
}