Question About
Residency Rules For State Tax
I live in
Connecticut and I’m fully retired, but a couple of years away from collecting
Social Security. My entire income right
now is a small pension and withdrawals from my IRA and Roth IRA. I have a pretty large balance in my 401k which
I haven’t touched yet. I want to reduce
my potential state income tax while I transfer my 401k money into my Roth IRA,
in small enough increments to stay within the Federal 22% bracket.
I’m moving to
Florida this coming December 1st, and that will be my domicile, and
believe me, I will never live in Connecticut again, even though it’s very nice
and I really like it there. I own a
condo there though, and I would like to become a snowbird, spending the winter
months in Florida, and the warm months in CT.
Starting next year am I correct that as long as I spend less than 183
days in Connecticut, and my entire income is pension, Social Security, and IRA/401k
withdrawals that I would not owe any CT income tax and in fact I would not even
have to file a CT tax return? I’m not
talking about any trickery here; I would be in Florida 7 months of the year,
and no more than 5 in Connecticut. I would change my license, car registration,
and voter registration to Florida. I
would intend to make Florida my permanent home.
I would love to
hear a definitive answer here if I understand these residency rules correctly.
Question About
Residency Rules For State Tax
