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Florida no state income tax but higher Federal AGI as a result. Is it a $$ wash?
I have been striving to keep up with requirements to be out of state up north over 183 days to use the no Florida income tax option, but with Covid and travel issues I wondered if it really makes a difference. For example: If I pay my northern income tax my federal tax (AGI) should be less. Does the state and Federal tax total remain higher than if I use residency in Florida and pay a higher Federal tax? I would imagine this is an issue for many people (keeping up with location 6 plus months) so I'd like to hear if people have worked it out and still see the value or is it "6 one, half dozen the other."
Thanks
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‎January 12, 2023
3:55 PM