Quote:
Originally Posted by MrExcite721
Question, is there any benefit to doing this sooner rather than later?
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Many people benefit financially from moving to a state with no state income tax. If this is the case, you want to do all the things that can prove FL residency ASAP in case your previous state asks for proof of when you moved.
You want to be able to show that you are domiciled in FL. That does not just mean "buying a house in another state". It involves doing things that prove you consider that state to be your permanent, legal home (i.e. getting a FL license, registering your cars, registering to vote, etc.)
We closed on our current house last year on Oct. 31 and went straight to the DMV. It was so much easier to say that we were PA residents for 10 months and FL residents for two when filing our taxes. PA income tax isn't bad, comparatively speaking, but we still saved a chunk of change by not giving them money for Nov. and Dec.
kathy