The 2016 TaxSlayer Bowl was a post-season American college football bowl game played on January 2, 2016 at EverBank Field in Jacksonville, Florida. The 71st edition of the TaxSlayer Bowl (formerly called Gator Bowl) featured the Penn State Nittany Lions of the Big Ten Conference against the Georgia Bulldogs of the Southeastern Conference. It began at noon EST and aired on ESPN. It was one of the 2015–16 bowl games that concluded the 2015 FBS football season. The game's naming rights sponsor was tax preparation software company TaxSlayer.com.

The game featured the Penn State Nittany Lions against the Georgia Bulldogs; Georgia was the favorite with the opening line with a seven-point spread.

After finishing their season 7–5, the Nittany Lions accepted their invitation to play in the game.

This will be the Nittany Lions' fifth TaxSlayer Bowl; they are 1–2–1 all-time in the game, winning the 1961 Gator Bowl over Georgia Tech 30–15, losing the 1962 Gator Bowl to Florida 17–7, tying Florida State in the 1967 Gator Bowl at 17–17, and losing the 1976 Gator Bowl to Notre Dame 20–9.