Florida has no state income tax — you keep more
| Gross Salary | $120,000 |
| Federal Income Tax | −$18,047 |
| Social Security (6.2%) | −$7,440 |
| Medicare (1.45%) | −$1,740 |
| Florida State Tax | $0 (no income tax) |
| Take-Home Pay | $92,773 |
On a $120,000 salary in Florida, you can expect to take home approximately $92,773 per year, or about $7,731 per month. Your effective total tax rate is 22.7%.
Florida is one of 9 states with no state income tax, which means you keep significantly more of your paycheck compared to high-tax states like California or New York.