How to Establish Florida Residency Florida's lack of state income tax makes it one of the most attractive places to call home, especially if you're leaving a high-tax state like New York, California, or New Jersey. But simply buying a condo in Miami doesn't make you a Florida resident. Here's what you actually need to do. Why It Matters States such as New York, Illinois, and California often try to keep taxing former residents and use various tests to determine if they can st

The 183-Day Rule, Explained Most U.S. states and countries around the world use the 183-day rule to determine tax residency. The concept is simple: if you spend more than half a year, or 183 days, in a state or country, you're typically considered a resident and liable to pay taxes there on your worldwide income. Monaeo For high-tax states like New York and California, the financial stakes are significant. If you spend 183 days or more in New York State during a tax year, you

Spending winters in Florida and summers up north sounds like the dream. But if you're not careful, you could end up paying taxes to both states. How States Decide Where You Live States use two main tests to determine if you're a resident for tax purposes: Domicile  is your permanent home, the place you intend to return to whenever you're away. You can only have one domicile, even though you can own more than one home.   George Dimov, CPA Statutory Residency  is based on physi

Working remotely sounds simple until tax season rolls around. If you're remote or a digital nomad, the state that gets to tax your income isn't always obvious. The General Rule The general rule is that employees owe state income taxes to the state where they live and work. If those two states are different, figuring out an employee's tax obligation can get more complicated.   Oyster For most remote workers, this means you pay taxes to the state where you're physically working