No State Income Tax, No Problem: A Look At Florida’s Taxes
The year is coming to an end and that means it is time to start preparing for tax season. For most of us, we’ll be gathering information to submit our tax returns to both the federal and state governments. However, for seven states (eight by 2022), the folks who reside there are not subject to state income tax – Alaska, Florida, Nevada, South Dakota, Texas, Washington, Wyoming, and Tennessee (2022). We are going to take a more in-depth look at one of these states, Florida, to get a better understanding of the tax situation for a state which does not tax personal income.
