Florida State Taxes & Homestead
Florida State Tax… None
There are numerous reasons to live in Florida including no State Income Tax. Many people have multiple residences in different states. You can have only one designated Primary Residence or Domicile. This is the address you put on your Federal Tax Return.
You can pick the state you want to designate. You only pay state income tax in one state. Why not a tax-free state? Check with a Florida professional tax person and learn how.
There is no requirement that a certain number of days per year be spent in your designated Primary Residence.
Florida Homestead… Awesome!
Florida has one of the best Homestead laws in the country.
Here are just some of the important points…
This page is meant as a guide to help give you direction. The information contained herein is not guaranteed. Please talk with your financial / tax specialist. Also, contact the relevant County Assessor’s Office for current Homestead details and updates.