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Old 11-11-2019, 06:39 PM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by Bonsai Golfer View Post
It is true that FL does not care how long you are here. The 6 months + 1 day thing more likely comes in with regard to the state you are moving FROM. For example, WI considers you to be a resident of that state unless you are gone for 6 + 1. When you want to change your state of residence from WI to FL you have to file a form for state income tax purposes that asks a whole bunch of questions including where you are registered to vote, where your cars are registered, etc. and how long you are going to be in your new state. Bottom line is, it is a stroll to get IN to FL but a hurdle to get OUT of WI. Also, look closely at the state income tax implications, for example some states tax any pension that may have been earned in that state even if you are no longer a resident of that state. Other states do not. Each state is different so best you consult your attorney.
It is not true that a state can tax a state pension if you are a resident of another state. A Federal law, The Pension Source Act, passed in 1996 says:

"No State may impose an income tax on any retirement income of an individual who is not a resident or domiciliary of such State."