Thread: homestead taxes
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Old 08-31-2012, 08:25 AM
784caroline 784caroline is offline
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Suzie

As stated in some previous posts, the issue will not be Florida, it will come from your current home state. Check with tax counsel where you live now. The big issue is you will have to show "intent" that you are doing what you are doing not to circumvent the tax laws in your current state. ( Living in florida for 183 days shows intent..there is no magic number required by law...teh same applies to getting a drivers license, voter card, and filing your federal return from florida) If your husband remains on the deed in your home state, the burden of proof becomes more difficult.... you also need to look forward as to how you will be filing your state taxes in your current state...and make no slip ups such as filing a federal joint return with your current state address or claiming homested exemption in both Florida and your former state. High tax states (ie NY ) monitor state returns for these type of situations and its easy for them to flag and ask for more information.

If you do it right , it can be well worth the time and trouble....you really wont know until about 9-12 months after you file your first state tax return from when you made the move.