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Originally Posted by anarick
Our Fernandina house will be ready in Sept/Oct of 2013 but I will be working in NY for another 5 yrs. We'll be spending vaca's and short visits. 
My question is can I claim my Fl address as primary residence while working in NY? How will the taxes work out?
One other question regarding pensions. What tax implications exist when collecting the pension in Fl??
Appreciate all the advice I can get. |
The federal government won't care....you get to pay federal taxes wherever you live. This is primarily an issue for you to ask of NY state tax officials, not FL state tax officials. But, in general, where you live to work is your tax home. Now, if you could "work for" your NY-based company, but work virtually via computer from your home in Florida, that would enable you to claim FL residence vice NY residence. However, if you work a traditional job and live in NY while you work, then NY is your tax residence, and the NY tax man gets his bite.