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Originally Posted by Pugchief
Just curious if any of you FL residents have any downsides to share. I was planning to change my residency to FL next year. I own a house in TV and another state, and have yet to uncover any negatives to doing this.
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It depends on the state but if you are currently in a state where you must pay state income taxes you will save that money at least. You will have to say you reside in Florida for at least 6 months a year as well. We came here from Michigan 4 years ago and avoided paying the 5% state income tax.