Homestead Exemption

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Old 02-13-2012, 08:52 AM
RichieB RichieB is offline
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There's a logical math solution in there someplace.......

Just too early on a Monday morning...........
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Old 02-13-2012, 09:21 AM
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Originally Posted by Tom Hannon View Post
I will be 65 next year and if I had my way, I'd be a FROG. Wifey isn't as ready to become a frog.
Is there a possibility that we are related ? I mena........GEEZ !!........my wife is the same way ! Has absolutely no room for the possibility of moving not only out of NY State, but also away from the NY metro area.

There's always that WDW option we discussed yesterday !
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Old 02-13-2012, 09:28 AM
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...and, YES they do check! and then

There are lots of examples out there. Just Google "Florida Homestead Exemption crackdown" (without the quotes)

If you know of someone who thinks they are getting away with it, be a friend, let them know there is a crackdown. The odds are against them and the payback is hefty.

Xavier
... from a previous thread post ...

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Old 02-13-2012, 02:53 PM
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I'm no income tax expert, but by doing that, it would seem to me that you would have to file separate returns, and not a joint return.

Had a friend who did this exact same thing, and that's what the did with handling income tax.
Not according to our Accountant. We can file jointly. Will leave you know after we file.
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Old 02-13-2012, 03:13 PM
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Is there a possibility that we are related ? I mena........GEEZ !!........my wife is the same way ! Has absolutely no room for the possibility of moving not only out of NY State, but also away from the NY metro area.

There's always that WDW option we discussed yesterday !
Wifey says there is nothing to do down here. She keep threatening to leave me here alone.
if we ever get lonely, you and I can hit Disney. But remember, I want Goofey. You can take Minnie.
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Old 02-13-2012, 03:41 PM
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if we ever get lonely, you and I can hit Disney. But remember, I want Goofey. You can take Minnie.
I don't think so, Tom. You can be Goofy if you want, but I'll take DD or one of the other MALE characters.
  #22  
Old 02-13-2012, 03:50 PM
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Not according to our Accountant. We can file jointly. Will leave you know after we file.
REALLY interested in that.

Didn't think that was possible.
  #23  
Old 02-13-2012, 09:43 PM
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Originally Posted by Tom Hannon View Post
Can I file for Florida residency while my wife keeps her NY identity? The house in Florida is in both names. Can we take advantage of the Homestead Exemption with only half the owners (the better half) with Florida residency. I will be 65 next year and if I had my way, I'd be a FROG. Wifey isn't as ready to become a frog.
Tom, you and I are in similar situations. If I was able to change residency to FL, I believe that I would be exempt from paying MA state income tax on my pension.

I have to do additional research and get advice from by accountant. Even if my wife doesn't spend as much time in TV as me, I envision that I'll be here more than 6 months a year. At that point, I don't know if the answer is to file
"married filing separately". As with most things, there are advantages and disadvantages.
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Old 02-28-2012, 08:11 PM
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To file for homestead do you go to 466 and Morse or 466A and Powell or either. The appraisers office is listed at both places?
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Old 02-28-2012, 08:33 PM
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I think you only have until Feb 29 (tomorrow) to file for this year (or is it last yr?) but it has to be done by tomorrow for sumter county anyway
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Old 02-28-2012, 08:38 PM
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To file for homestead do you go to 466 and Morse or 466A and Powell or either. The appraisers office is listed at both places?
466 and Morse
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Old 02-28-2012, 08:50 PM
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nkrifats - thank you - this filing is for 2012, I think rikthemc!
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Old 02-28-2012, 09:11 PM
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Filing deadline is March 1st - 5 pm. - I can't believe we kept pushing this off - now it is get a license, registration and file. Thank goodness it is a leap year - oldest daughter celebrates her 10th birthday which makes her . . . and us - running crazy. I am such a procrastinator.
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