Florida Minimum Wage and Income Tax 2026
What it costs to pay people and earn money in Florida.
Minimum wage$14.00per hour
Income taxNo wage income tax
State sales tax6.00%about 6.98% with local tax
Corporate tax5.50%
Minimum wage in Florida
The minimum wage is $14.00 an hour, $6.75 above the federal $7.25.
Full time at 40 hours, that is $560 a week or $29,120 a year. It ranks 20 of 51, higher than 30 others.
As of July 1, 2026. Source: U.S. Department of Labor.
Income tax in Florida
Florida has no state income tax on wages.
Single filers, as of January 1, 2026. Source: Tax Foundation.
Corporate tax in Florida
The top corporate income tax rate is 5.50%. Applies above $50,000 of income.
It ranks 29 of 51.
As of April 2, 2026. Source: Tax Foundation.
Sales tax in Florida
The state rate is 6.00%. With the average local tax, shoppers pay about 6.98%.
As of July 1, 2026. Source: Tax Foundation.