How Snowbirds Can Be Taxed as a Florida Resident
“Snowbirds” are people who live up north during the warm-weather months and in the south during the winter. And if you’re one of the thousands of snowbirds heading to Florida this year, you’ll hear a lot of chatter about the tax benefits of being a resident of the Sunshine State. After all, Florida is one of only nine states without an income tax. So if your summer home is in one of those high-tax states up north—New York, New Jersey, Massachusetts, Minnesota, Maryland, Illinois, Connecticut, Wisconsin and the like—you can potentially save thousands of dollars each year if you can establish residency in Florida instead.
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Aviles Street, St Augustine, Florida. Photo courtesy of Pixabay.com