“Snowbird- a person who migrates from the colder northern parts of North America to warmer southern locales, typically during the winter”. If you are also a winter visitor, living in a high-tax state during the summer but spending your winters in Florida, you can get the best of both worlds, not only in terms of climate but also when it comes to TAXES.
Surely, you’ve heard a lot about the tax benefits that come with being a resident of the Sunshine State. In fact, Florida is among the nine states in America that do not levy any income tax. Therefore, if you summer in a northern state like New York, New Jersey, Massachusetts or Minnesota, to name a few, and winter in Florida, you can save thousands of dollars if you can establish residency in Florida. And now we’ve reached the tricky part.
You can’t just say “I am a resident of Florida” and expect the IRS to believe you, no questions asked. Your summer high-tax state might even ask you to pay taxes as a resident on all your income, not only on in-state income as a nonresident. Therefore, if you want to be taxed as a Florida resident, you need to be able to demonstrate that your permanent home is there. Luckily, we’ve got you covered. Here’s how you can do that and reap the benefits of seasonal migration. Fly tax-free!
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