NY → FL Tax Savings

How Much Would You Save: New York vs Florida Taxes

New York taxes income up to 10.9%. Florida charges 0%. Compare the two side by side and see your potential savings.

Start Saving Today Learn About Florida Residency

Source: New York State Department of Taxation and Finance · See NY Tax Law §605

New York vs Florida: Tax Comparison

See how New York's tax structure compares to Florida across every major tax category.

Tax Category	New York	Florida
State Income Tax	Up to 10.9%	0%
Capital Gains Tax	Yes	No
State Estate Tax	Yes	No
Homestead Property-Tax Relief	Check state eligibility	Available to qualifying homeowners

Your Potential Tax Savings

Estimated annual state income tax savings when moving from New York to Florida, computed from New York's income tax brackets for a single filer.

Annual Income

$100,000

You Could Save

$4,860/yr

Featured

Annual Income

$150,000

You Could Save

$8,291/yr

≈ $82,910 over a decade

Annual Income

$250,000

You Could Save

$15,772/yr

Annual Income

$500,000

You Could Save

$33,702/yr

Florida residents pay 0% state income tax. The figures above run each income through New York's 2026 individual income tax brackets for a single filer, after the state's standard deduction and before credits (California figures use the latest published 2025-indexed brackets). They cover state income tax only; local income taxes, filing status, and state-specific deductions can change your number. For a personalized projection, book a free consultation.Rate source: Tax Foundation 2026 State Individual Income Tax Rates and Brackets, with statutory 2026 overrides where post-publication legislation applies (Georgia HB 463, Kentucky HB 1, Ohio HB 96, Maryland BRFA 2025, North Carolina continuing decline, plus phasedowns in MS, NE, ID, MT, SC, IN, OK, UT per state DOR).

Key Tax Facts: New York

What you need to know about New York's tax environment before making your move.

New York's top marginal individual income tax rate in this 2026 wage-income comparison is 10.9%. Deductions, taxable-income thresholds and credits affect the amount actually paid.

New York has a state estate tax with a $7.35 million basic exclusion for 2026 deaths, plus a "cliff": under NY Tax Law §952(c)(2)(B) an estate above 105% of the exclusion ($7,717,500) loses the exclusion entirely and is taxed from the first dollar.

New York taxes capital gains as ordinary income at rates up to 10.9% (14.776% with NYC).

New York aggressively audits former residents, especially high earners who leave.

What this New York comparison includes

The comparison models a full year of wage income for a single filer in New York. A top marginal rate is not the rate paid on every dollar. A move during the year, continuing New York-source income, credits and local taxes can change the result.

Tax data used: 2026 schedule. Tax Foundation 2026 State Individual Income Tax Rates and Brackets (FY2025 to 26 budget cut the five lower bracket rates for 2026)
Single-filer standard deduction in the model: $8,000 before any modeled income-based reduction. Personal exemptions and credits are separate; this figure is not a filing threshold.

Establishing Florida domicile does not automatically end another state's statutory residency or source-income rules. Keep a dated move record, a travel calendar and records of income connected with your former state. A mailing address or declaration alone does not determine tax residency.

Check current guidance from New York State Department of Taxation and Finance. Check why tax may remain due after moving or review the New York departure guide.

New York: ask payroll about workdays after the move

Residence, statutory residence and New York-source wages are separate questions. For remote work connected with a New York employer, check the convenience-of-the-employer rule before assuming out-of-state workdays escape New York tax. Keep the employment analysis separate from the home and travel evidence.

Records to bring to your preparer

Employer office assignment and remote-work terms
Workday locations with the reason for work outside New York
New York home availability and a travel-day record

New York nonresident and part-year resident FAQ

Source checked September 17, 2026. Select instructions for the year you file; this is a planning question, not a filing determination.

New York vs Florida: Side by Side

Explore the practical steps involved in moving from New York to Florida.

New York charges up to 10.9% state income tax (14.776% with NYC); Florida charges 0%.

New York has a state estate tax with a dangerous "cliff" provision; Florida has no estate tax.

New York taxes capital gains at up to 14.776%; Florida has no capital gains tax.

At $200,000 of annual wage income, this model estimates $11,328 of New York state income tax for a single filer, versus no Florida individual income tax. This is a full-year comparison, excludes local taxes and does not calculate a move-year return.

Plan the departure from New York

Use the state migration guide to connect the calculation with residence, payroll and filing decisions. For Florida documents, follow the evidence checklist. A document package does not itself end New York tax obligations.

Frequently Asked Questions

How much will I save by moving from New York to Florida?

New York has a top income tax rate of 10.9%. Florida has 0% income tax. A single filer earning $150,000 could save approximately $8,291 per year, and one earning $250,000 approximately $15,772 per year (2026 rate schedules, after New York's standard deduction, state income tax only, before credits). Actual savings depend on your filing status and total income.

New York: ask payroll about workdays after the move

Will I still owe New York taxes after I move to Florida?

You may owe New York tax for the resident portion of the year and on New York-source income after leaving, such as rent from property there. Also check any statutory-residency and remote-work sourcing rules. Florida domicile alone does not settle these separate questions.