Updated October 7, 2026. Quick answer: No. The Florida Department of Revenue says “The State of Florida does not have a personal income tax”, and Article VII, section 5 of the Florida Constitution bars a tax “upon the income of natural persons who are residents or citizens”, so a TSP withdrawal by a Florida resident is not taxed by the state.
Project a Thrift Savings Plan balance with the FERS agency match and the 2026 limits: TSP calculator.
Florida TSP withdrawal tax treatment at a glance
| Item | What the documents say |
|---|---|
| TSP withdrawals | Not taxed by Florida: the documents read describe no individual income tax that applies to a withdrawal |
| FERS annuity | The documents read do not treat a FERS annuity differently from a TSP withdrawal; with no individual income tax, neither is taxed by Florida |
| Rate or limit printed | No rate: no individual income tax |
| Where it is reported | Nothing to report on a Florida return |
| Source | Florida Department of Revenue; Florida Legislature (leg.state.fl.us) |
What the Florida documents say
The Department’s page states the rule in one sentence: “The State of Florida does not have a personal income tax”. The Florida Constitution, Article VII, section 5, is the reason the state cannot add one for natural persons who live there: it bars an income tax “upon the income of natural persons who are residents or citizens”.
Neither document names the Thrift Savings Plan. The conclusion for a TSP withdrawal follows from the absence of any individual income tax, not from a line about the plan.
A worked example at $30,000 of withdrawals
An illustration, not a return: a Florida resident who takes $30,000 from the TSP in 2026 owes $0 of Florida individual income tax on it, on the documents read. Federal income tax still applies and is outside this page.
If you moved to Florida or left it
The rules above are Florida’s own, for a resident. Federal law limits what a state you have left may do: “No State may impose an income tax on any retirement income” of someone who is not a resident or domiciliary of that state, as 4 U.S.C. 114(a) puts it. The statute defines retirement income by reference to plans described in the Internal Revenue Code; this page does not decide whether a particular TSP payment meets that definition. If you moved during the year, check each state’s page and return. See CMG’s TSP withdrawal options and FERS, TSP and Social Security sequencing pages for the federal side.
What changes in 2026
The documents read for Florida announce no change for 2026 that is specific to TSP withdrawals. The instructions read are for tax year 2025, the newest archived; check the state agency for the 2026 forms when they are published.
What the documents do not say
- Neither Florida document names the TSP or a retirement withdrawal. Federal tax is not covered here.
Common mistakes
- Assuming the absence of a Florida income tax removes the federal tax on a TSP withdrawal; it does not.
- Assuming the answer for one state applies to another, or that the state answer changes the federal tax on the withdrawal.
Related: TSP withdrawal options, state tax on TSP withdrawals, Florida retirement taxes, how Florida taxes pensions, and how Florida taxes 401(k) and IRA withdrawals.
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Answer againSources
- Florida Dept. of Revenue: Report Tax Violations: https://floridarevenue.com/taxes/compliance/Pages/violations.aspx
- Florida Constitution (Article VII, Taxation and Finance): http://www.leg.state.fl.us/statutes/index.cfm?Mode=Constitution&Submenu=3&Tab=statutes&CFID=1&CFTOKEN=1#A7S05
- 4 U.S.C. 114, Limitation on State income taxation of certain pension income (U.S. Code, GovInfo): https://www.govinfo.gov/content/pkg/USCODE-2023-title4/html/USCODE-2023-title4-chap4-sec114.htm
Sources: the primary documents linked above, read on October 7, 2026. General information, not tax advice. Your own facts decide the outcome, and a tax professional or the state agency itself is the right place to confirm anything consequential.