How accurate is this US take-home pay calculator?

This calculator provides estimates based on 2026 federal tax brackets, FICA payroll tax rates, and estimated state income tax rates. Actual paycheck amounts may vary depending on deductions, credits, benefits, and employer-specific withholdings.

Does this paycheck calculator include Social Security and Medicare?

Yes. The calculator includes FICA payroll taxes, which consist of Social Security and Medicare contributions, to estimate your net pay accurately.

Does this calculator include 401(k) or health insurance deductions?

No. Retirement contributions, health insurance premiums, and other voluntary pre-tax benefits are not automatically included unless entered manually.

Can I compare take-home pay between different states?

Yes. Because state income taxes vary widely, this calculator allows you to compare net income estimates across different U.S. states.

Moving Your Business from New York to Florida: 2026 Checklist & Tax Guide

Relocating a business from New York to Florida is one of the most effective legal strategies for reducing corporate overhead and personal tax liability. However, New York does not permit Statutory Domestication — you cannot simply convert your NY LLC into a Florida entity. You must navigate a more deliberate legal path.

⚠️

2026 Tax Warning: New York has decoupled from several federal business deductions this year. Businesses completing their transfer to Florida now may save an estimated 14% in effective state tax liability over the next five years. Act before NY’s mid-year compliance sweep closes in Q3 2026.

0%FL Personal Income Tax

10.9%NY Top Rate

5.5%FL Corp Tax (C-Corps)

$125FL LLC Filing Fee

1. The Three Legal Paths to Relocation

There is no single “right” method — your optimal route depends on whether you want to preserve your EIN, your banking history, or make the cleanest break possible.

Best for Most

Option A: Cross-State Merger

Form a new Florida LLC and merge your NY entity into it. The Florida company survives; the NY entity is legally extinguished.

✅ Preserves EIN & business history
✅ Contracts transfer automatically
⏱ ~3–6 weeks

Simplest Start

Option B: Dissolution + New FL LLC

Form a brand-new Florida LLC, then formally dissolve the New York entity. Treated as a new business by banks and the IRS.

⚠️ Requires new EIN
⚠️ Must re-open bank accounts
✅ No NY residual liabilities

Dual Filing

Option C: Foreign Qualification

Keep your NY LLC but register as a Foreign Entity in Florida. Good for testing the FL market before a full move.

⚠️ Still owes NY taxes on NY income
⚠️ Two annual reports
✅ No dissolution needed

2. Managing the New York Exit Audit

New York aggressively pursues business owners who relocate. If your company retains any nexus in New York — remote employees in NY, a physical office, or NY-sourced revenue over $1M — the state will assert full taxing jurisdiction. Complete every item below before considering your NY obligations closed.

Required Action	Form / Agency	Why It’s Critical
File Final NY Franchise Tax Return	Form CT-3 (Corps) / IT-204 (LLCs) — mark “Final”	Closes NY tax account; failure triggers automatic penalties and interest.
Surrender Authority to Transact Business	NY Dept. of State — Certificate of Surrender	Cancels your obligation to file NY annual reports and pay biennial fees.
Update FinCEN BOI Report	FinCEN online portal	2026 requirement: state changes must be reported within 30 days or face $591/day civil penalty.
Close NY Withholding & Sales Tax Accounts	NY Dept. of Taxation and Finance	Prevents phantom tax liabilities from accruing after you’ve left.
Notify NY Workers’ Compensation Board	WCB Form C-105	Required if you had NY employees; non-notification is a Class E felony.

3. The Florida Sunbiz Registration Checklist

All Florida entities are registered through Sunbiz.org (Florida Division of Corporations). Whether filing Articles of Organization or Articles of Merger, complete every step below.

Appoint a Florida Registered Agent — Must have a physical FL street address. P.O. Boxes are prohibited. Registered agent services cost ~$50–$150/year.
File Articles of Organization or Articles of Merger — $125 FL state filing fee. Merger filings require certified copies of the NY entity’s authorization and plan of merger.
Obtain a New EIN (Dissolution path only) — Apply via IRS.gov, free, typically issued same-day online.
Register for Florida Sales and Use Tax — Required if you sell taxable goods. File Form DR-1 with the FL Dept. of Revenue. FL state sales tax is 6%.
Register for Florida Corporate Income Tax — C-Corps pay 5.5%. LLCs taxed as pass-through entities owe no FL state income tax.
File Annual Report with Sunbiz — Due May 1 each year. $138.75 for LLCs. Late filing incurs a $400 penalty and risks administrative dissolution.

See Your Florida Take-Home Pay Instantly

Florida has no state income tax. Find out exactly how much more you’ll keep per paycheck compared to New York — including your new effective tax rate.

→ Calculate My Florida Net Pay (Free, 2026)

4. Banking and Payroll Transition

Do not close your New York business bank account until your Florida entity is fully operational and has received its EIN and state tax registrations. Run both accounts in parallel for 30–60 days to prevent payment disruptions.

National banks (Chase, Wells Fargo, BofA, Citi) can typically update your business home state internally — bring your new Florida Articles and EIN confirmation to a branch. Regional banks and credit unions require a full account closure and reopening under the new Florida entity.

For payroll, register immediately for Florida Reemployment Tax (Form RT-6) with the FL Dept. of Revenue. Florida’s rate starts at 2.7% for new employers — significantly below New York’s 4.025% average, providing instant payroll savings.

5. Frequently Asked Questions

Can I convert my New York LLC directly into a Florida LLC?

No. New York does not permit statutory domestication or conversion to another state’s LLC. Your options are: (A) merge the NY entity into a newly formed Florida LLC, (B) dissolve the NY entity and start fresh with a new FL LLC, or (C) register as a Foreign Entity in Florida while keeping the NY LLC active.

Do I need a new EIN when moving my business from NY to FL?

Only if you use the Dissolution path and form a brand-new Florida LLC. If you use the Cross-State Merger path, the surviving Florida entity inherits your existing EIN — no new application needed.

How do I eliminate New York state taxes after relocating to Florida?

Remove all NY nexus: no employees physically in NY, no NY office, minimise NY-sourced revenue. File your final CT-3 marked “Final,” surrender your NY authority certificate, and close all NY tax accounts. Keep records — NY audits reach back 3–6 years.

How long does a NY to FL business transfer take in 2026?

Florida Sunbiz registration: 1–5 business days online. NY wind-down (final CT-3, surrender certificates): 4–10 weeks. Budget 30–60 days for both to run in parallel. Full NY tax release can take up to 6 months if audits are pending.

What does it cost to transfer a business from New York to Florida?

Government fees: FL LLC formation ($125), FL Annual Report ($138.75/year), NY Certificate of Surrender (~$60–$200). Attorney fees: $750–$3,000. Registered agent: $50–$150/year. Total DIY: ~$300–$500. With professional help: $1,500–$4,000.

Does Florida tax LLC or S-Corp income?

No personal income tax in Florida, so LLC members and S-Corp shareholders pay zero Florida state income tax on their share of profits. Florida’s 5.5% Corporate Income Tax applies only to C-Corps. This is the primary reason NY-to-FL relocations produce immediate, substantial tax savings.

Disclaimer: This guide is for informational purposes only and does not constitute legal, tax, or financial advice. Always consult a CPA and business attorney licensed in both New York and Florida before initiating any transfer. Tax laws and filing requirements are subject to change.