TaxBandits Knowledge Base

What are the taxes applicable to Florida?

Minimum Wage Information for Florida
The minimum wage rate for State of Florida are given below. Florida does not follow Federal minimum wage rate.

Minimum wage	$12
Tipped Minimum wage	$8.98
Maximum Tip Credited	$3.02

Unemployment Insurance (UI) rate for Florida
UI taxes are used to provide benefits for the unemployed who have lost their job with no fault on them.

Maximum Taxable Wages	$7,000
Employee Deduction	None
Employer Tax Rates	0.1 - 5.4%
New Employer Tax Rates	2.70%

Applicable taxes
Here are the Florida taxes that are applicable to employees and employers. 

• Employer taxes

Florida State Unemployment Tax

• Employee taxes & Local taxes

Florida does not require employee taxes and local taxes.

Florida State Income tax
Florida is one of the states that does not collect state income taxes (SIT).

More Information 
To gather more information about Florida state tax, check out the 
Dept. of Revenue
Dept. of Economic Opportunity