Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Florida Tax Guide: What Retirees Will Have to Pay (and What They Won’t)

May 10, 2023 · Taxes
warehouse
Photo by pixfly from Shutterstock

What about sales tax and other taxes?

When it comes to sales and use tax, there’s a 6% tax on many (but not all) consumer services and goods. Counties may come up with an extra tax of up to 1.5%, but there are some counties that don’t levy the surtax.

There’s a maximum of $5,000 on the local surtax in various cases, including on vehicles, aircraft, mobile homes, and boats. According to the Tax Foundation, the average combined rate is 7.02%.

Regarding groceries, Florida doesn’t tax most of them, although some prepared food intended for immediate consumption (like sandwiches, for instance) is taxable. Nonprescription and prescription drugs aren’t taxed, and neither are most over-the-counter medical items and medical equipment. Contact lens solution, on the other hand, is taxable. Clothing is also taxed.

Florida’s use tax applies to things purchased out of state when brought into the Sunshine State within six months of the purchase date. Examples include furniture delivered from another state and items bought online. The use tax doesn’t apply if you paid a sales tax of 6% or more to the out-of-state seller.

Florida’s gas tax is adjusted annually. As of January 1, 2023, the state’s gas tax is 0.35225, which is 0.018 cents more per gallon compared to 2022. The gas tax rates also vary by county.

When it comes to alcohol, wine is taxed between $2.25 and $3.50 per gallon, depending on its alcohol content and whether it’s sparkling wine. Beer is taxed at $0.48 per gallon. The tax rate for liquor varies between $2.25 and $9.53 per gallon, depending on the alcohol content. The purchase of wine, beer, and liquor is also subject to the state’s general sales tax plus any extra surtax imposed by the country.

Florida also doesn’t levy a commuter tax. In 2023, Florida drivers will get a 50% discount on tolls provided they have at least 35 toll transactions during a month.

There’s no tax on lottery winnings in Florida, but you’ll still have to pay federal income tax on your prize money.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump’s Tariffs
  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!
  • social security, income 7 Social Security Benefits That Will Change SOON

Related Articles

Stimulus Check

These 18 States Are Sending Out Stimulus Checks Now!

6. Hawaii – $300 Allowance Payments In June, the Hawaii state legislature authorized a tax…

Read More →
climate

You Can Save $10K NOW With These Climate Tax Breaks

Electric Vehicle If there was one of the tax breaks you were probably expecting to…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

Which states have the biggest tax burden for the middle class? If you made the…

Read More →
companies credit card

15 Companies That Will Take Care of Your Student Loans

These 15 Companies Will Pay Your Student Loans: The problem with student loan debt is…

Read More →
IRS refund

13 Ways to Get Your IRS Tax Refund Faster Than Ever

Make sure your direct deposit information is accurate By filing electronically and getting a return…

Read More →
tax deductions, change

10 Tax Deductions to Benefit From if You’re Self-Employed

As a self-employed person, you must handle your own taxes, or you can hire an…

Read More →
refund

All About Tax Refunds: 7 Important Things You Need To Know

Do not let tax refunds catch you off guard! Let’s say you are already doing…

Read More →
Holiday Scam

10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!

Impersonation Phone Scams Impersonation phone scams continue to be a major issue, particularly during the…

Read More →
A graph showing the comparison between a standard deduction amount and itemized deductions for a retired couple, illustrating which option results in lower taxable income.

10 Overlooked Tax Deductions for Retirees

5. Investment Interest Expense This is a more specialized deduction that applies to retirees who…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2025 The Money Place. All rights reserved.