Updated October 5, 2026. Quick answer: No. Annuity payments are income of a natural person, and the Florida Constitution says no tax “upon the income of natural persons who are residents or citizens” shall be levied by the state beyond the amounts that may be credited upon or deducted from a similar tax levied by the United States or any state.
How Florida treats annuity income
| Item | What the documents say |
|---|---|
| Treatment | Not taxed by the state |
| Where it is written | Florida Constitution, Article VII, Section 5, paragraph (a) |
| Qualified and non-qualified annuities | No distinction: the limit covers income of resident individuals, and the text names no annuity rule |
A $24,000 example
A stream of $24,000 in annuity payments adds $0 of Florida income tax. Federal tax on the payments still applies.
What changes in 2026
The latest documents read print no 2026 change to the way annuity income is taxed.
Federal rules
The state’s treatment sits on top of the federal one. The IRS explains the federal side in Topic no. 410, Pensions and Annuities and Publication 575, Pension and Annuity Income.
Related: whether Florida taxes pensions, how Florida taxes retirement income, annuity income tax by state, how a surrendered annuity is taxed, and pension and annuity decisions.
Find the right next step for your situation
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Answer againSources
- Florida Constitution, Article VII, Taxation and Finance (Online Sunshine, Florida Legislature): http://www.leg.state.fl.us/statutes/index.cfm?Mode=Constitution&Submenu=3&Tab=statutes&CFID=1&CFTOKEN=1#A7S05
Sources: the primary documents linked above, read on October 5, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer, the plan administrator or the agency itself is the right place to confirm anything consequential.