Tax cuts are coming to Florida next year. Here’s how much to expect

With the One Big Beautiful Bill Act (OBBBA) being signed into law last month, Florida is slated to see plenty of individual and business tax cuts.

That’s according to The Tax Foundation , which put together a study this month detailing what Florida residents can expect during the upcoming 2026 tax season.

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The study predicts that the OBBBA will bring down federal taxes on average for individual taxpayers in every state, largely thanks to features like new deductions for tipped/overtime income, as well as an expanded child tax credit and standard deduction.

“Specific tax changes also exhibit geographic variation,” the study reads. “For example, the $40,000 cap on state and local tax (SALT) deductions ($10,000 cap post-2029) will tend to have the greatest impact on