SNOWBIRDS CAN BE TAXED AS FLORIDA RESIDENTS - HERE'S HOW!

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Shorter days, leafless trees and frost on the ground are all signs that it’s time for snowbirds to head south for the winter. Of course, I’m not talking about real birds – “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, I bet 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 (perhaps millions for someone like President Trump).

Read the full Kiplinger report story on Florida Realtors.org:

http://www2.floridarealtors.org/news-media/news-articles/2019/11/snowbirds-can-be-taxed-florida-residents-heres-how?fbclid=IwAR3wtmcRiT5GqPK2T8VyqNz7GnYBiP_yufccRRHTpd47GAZPJtIHCYUmCCs