Florida variant. This is a Florida-specific version of the Stock Sale Capital Gains Tax Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Stock Sale Capital Gains Tax Estimator.
Most states tax capital gains as ordinary income. In Florida, that means a top rate of 0% on gains - except there is no state income tax, so realized gains face only federal tax.
Capital gains tax in Florida
Federally, long-term gains are taxed at 0%, 15%, or 20% depending on income, plus a possible 3.8% net investment income tax. Florida adds no state tax on those gains.
Short-term gains (assets held under a year) are taxed as ordinary income at both levels - usually the most expensive outcome.
About taxes and housing in Florida
Florida levies no state income tax, funding government primarily through sales taxes and tourism-related revenue.
Florida's homestead exemption reduces taxable home value and its Save Our Homes provision caps annual assessment increases for primary residences.
Florida's economy is driven by tourism, real estate, and an influx of retirees and new residents drawn by the lack of an income tax.
Worked example: $50,000 long-term gain
A $50,000 long-term gain in Florida owes only federal tax (e.g., $7,500 at the 15% bracket) - Florida adds $0.
Quick reference
- State income tax: No state income tax
- State sales tax: 6% (plus 1.02% avg local)
- Median home value: $410,000
- Median household income: $73,311
- Effective property tax rate: 0.8%
- Avg auto insurance: $2,694/yr
Frequently Asked Questions
Does Florida tax capital gains?
Florida has no state income tax, so realized gains face only federal tax.
What's the difference between short and long-term gains?
Assets held over a year get preferential long-term federal rates (0/15/20%); shorter holds are taxed as ordinary income.