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November 13, 2020
2020-2694

Changing state residency: Tax considerations when moving to Florida

Many individuals and businesses are moving to Florida to take advantage of the significant state income tax advantages. South Florida is on its way to becoming a financial hub — as it also strengthens its position as the gateway to Latin America. The savings from moving to Florida could be as much as 13.30% on taxable income. Learn more in this recent EY article, also attached below.

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Tax considerations when moving to Florida

 

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