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
Work From Home
Photo by Branislav Nenin at Shutterstock

What about investment income?

Capital gains refer to the profits earned from the sale of capital assets such as bonds, stocks, and real estate. Capital gain taxes are, therefore, what you pay on those profits. It’s worth mentioning that this tax is triggered only when you sell your asset, so you don’t have to worry about paying taxes as long as you own the property.

There’s no capital gains tax in Florida, but you still have to pay federal taxes if you sell a house in the state. The exact tax rate you’re subject to depends on several factors, including your income level and how long you’ve owned the property.

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Your email address will not be published.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 *

Search

Latest Posts

  • Cardboard package with a crossed-out $139 tag peeled back to reveal $69 and $0, beside branching blue and yellow arrows. 5 Tricks for Getting Amazon Prime Free or Cheap
  • A postal worker wearing glasses sits in a breakroom reading a Social Security monthly benefit statement. Your Social Security Check Could Drop $459 a Month by 2032 Unless Lawmakers Step In
  • Stylized calendar archway dated 01 and 15 over a split highway leading toward a sunrise and city skyline. Government Benefit Deadlines Coming Up Right After the New Year
  • Calendar grid with a green federal direct deposit ribbon interrupted by a red pause symbol on a Wednesday date. Surprising Things That Can Pause Your Social Security Deposit
  • Industrial blade marked with a cross cutting retirement benefit sheets that drop into a domestic ledger cart. 9 Reasons the Medicare Premium Announcement Matters More Than the COLA
  • Illustration of a man with a magnifying glass inspecting a phone displaying water and an alert buoy anchored to the seabed. 8 Ways to Check Whether a Payment Message Is Real
  • A balance scale weighs a 3.6% COLA circle against icons of utilities, groceries, and a prescription bottle. 10 Things the 3.6% COLA Will and Won't Cover in Your 2027 Budget
  • Cutaway illustration of a lit house at dusk showing home offices, storage boxes, and a sign reading "$200 / DAY, $6,000 / MO". 8 Ways to Bring In $200 a Day Without Leaving Home
  • Illustration of storefront windows with Early Access and Doorbusters signs on an autumn street beside a calendar. 10 Stores With Early Black Friday Deals Worth Checking
  • Older woman wearing glasses seated on a wooden bench, reading a Medicare & You booklet with a budget notepad on her lap. 9 Medicare Plan Comparisons That Save Money

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

retirees

Moving Abroad? These 9 Countries Don’t Tax Retirees at All!

3. Portugal If you’re thinking about spending your retirement years in Europe, then Portugal is…

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 →
income tax, change

These 9 States Have No Income Tax

Everyone wants to have their tax rates reduced. But this isn’t as impossible as some…

Read More →
tax season, save

8 Tax Season Preparation Steps (2023)

3. Gather Your Documents The next step in tax season is to collect all tax…

Read More →
A woman smiling at her phone in a bright kitchen, representing the relief of receiving a tax refund.

When Will Your 2026 Tax Refund Arrive? IRS Timeline Explained

Wondering when your 2026 tax refund will arrive? Check our estimated IRS schedule, learn about…

Read More →
companies credit card

15 Companies That Will Take Care of Your Student Loans

Two smiling professionals review company benefits on a tablet while sitting in a bright, modern…

Read More →
experts stealth

Can’t Pay Your Taxes? Experts Shared 3 Solutions for You

A person writes in a notebook, outlining a strategic plan to manage tax debt and…

Read More →
A retired couple reviews their tax documents and budget at a sunlit wooden kitchen table in a warm, candid photographic scene.

7 Signs Your Tax Withholding Needs Adjusting in Retirement

Learn 7 key signs your retirement tax withholding needs adjusting. Avoid IRS penalties and optimize…

Read More →
tax breaks for homeowners

7 Tax Breaks for Homeowners and Home Buyers

Owning a home is a key part of the American Dream. Whether you fancy a…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.