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How’s it work if you don’t spend half the year anywhere but spend the most time in FL or TX?
by Scoundreller 4y ago
How’s it work if you don’t spend half the year anywhere but spend the most time in FL or TX?
- nobody9999 4y ago>How’s it work if you don’t spend half the year anywhere but spend the most time in FL or TX? This site[0] should answer your question for the several states. In general: Most U.S. states require residents to pay income taxes to the state as well as to the federal government. The factors that determine residency vary by state, but usually involve a person having established their domicile in that state or having spent more than half the year there. [0] https://www.annuity.org/personal-finance/taxes/residency-requirements-by-state/ https://www.annuity.org/personal-finance/taxes/residency-req...
- unstatusthequo 4y agoIn CA, “half a year” is 5 months. Also, there is a long list of factors the FTB uses to go after you to prove you still have significant contacts with CA to extract tax from you. A clean, permanent break is best. Worked well with tax attorney planning. Was great getting a free house in tax savings by leaving that state. Plus I can retire earlier. Nice state but no longer worth it unless you make little or no money.