topic Florida Resident Now in Get your taxes done using TurboTax

Florida Resident Now

bf253 — Tue, 10 Mar 2026 07:00:27 GMT

Nov 16, 2022

My wife and I just became FL residents.

Should we notify our Pension company to stop taking out CT Income taxes?

Re: Florida Resident Now

DavidT0202 — Wed, 16 Nov 2022 18:09:54 GMT

Hi @bf253

Congratulations on your move. Moving to FL will save you on income taxes. You should inform your Pension company of your move ASAP. That way you can avoid paying more taxes in CT.

When you file your tax return you will file as a part year resident for CT and be able to not claim any money received once you have moved to Florida.

Thank you for using TurboTax!

Re: Florida Resident Now

bf253 — Wed, 16 Nov 2022 18:36:21 GMT

Thanks David

Continuing the conversation, do you see any need to move all my banking to FL?

We have banking accounts in both CT and FL and a new mortgage on our residence in FL.

Personally, we like our bank in CT.

Re: Florida Resident Now

DavidT0202 — Wed, 16 Nov 2022 20:03:20 GMT

Where you keep your money does not matter. I as well bank out of state for a better rate on my money.

Keeping your Bank in CT will have no tax consequences.