How Do Taxes Affect Social Security for Retirees in Florida? Social Security for retirees in Florida seems so straightforward on its surface, but the tax composition defines what your income will be each year. To many retirees, it may seem that a tax-friendly state automatically means larger monthly benefits; however, the reality is not quite that one-dimensional. Florida does not directly tax Social Security, but several indirect financial elements quietly determine how much you get to keep. Read More: https://www.ecogujju.com/taxes-social-security-florida-retirees/