Florida is one of the most desirable retirement destinations in the world, and with good reason. It boasts a wonderful climate, miles of beautiful beaches, and many tourist attractions. But probably the greatest motivation for obtaining Florida residency is the range of tax advantages that it brings.
Do you own a home in Florida? Have you ever considered becoming a Florida resident? Florida gives you attractive tax planning tools that may help make that decision a little easier. Unlike other states, Florida has no income tax, no state estate tax, no inheritance tax and no gift tax. Florida also provides its residents very generous homestead protections, exemptions and Save our Homes (SOH), but in order to take advantage of these benefits, you must be a Florida resident, which means a change of domicile to Florida.
Florida tax breaks include:
- Florida has no state income tax
- Florida has no state death tax or estate tax
- Florida Homestead Law
- Florida “Save Our Home Act”
- Tenancies by the Entirety
How to Become a Florida Resident – CHECKLIST:
- Get a Free Moving Quote
- Drivers Licenses & Motor Vehicle Registration
Get information on becoming a licensed Florida driver and registering your vehicle.
- Florida First Time Driver Course (New Drivers)
- Employment — Finding a Job in Florida
This is your one-stop shop for information related to getting employed in Florida, from job search centers to labor laws.
- Find a Home — Florida Real Estate Information
- Real Estate Listings
Search through listed properties by map, city, ZIP code, or MLS info.
- Florida Tax Information
Get an explanation of the different taxes in Florida, such as the sales tax, property tax, homestead and other exemptions, corporate income tax, and more.
- Schools — Selecting Schools — School Performance
See more information on school choices in Florida, as well as the school system overall.
- Starting & Operating a Business in Florida
Discover the different kinds of business run in Florida, how to start them, and the laws that apply to them.
- Residency Information
Read about what it takes to legally be considered a Florida resident and all of the rights and privileges that brings.
- Facts on Florida
Find out the background on the state of Florida, from its history and archaeology to its census information and state symbols.
- Florida Communities
- Weather & Seasons
Learn the general weather trends in Florida, along with information about hurricane season.
- Cost of living comparison
Compare the cost of living between Florida and other states, as well as between specific cities, with this salary calculator.
- Consumer Topics:
Visit the company First Class Moving and Storage located at Central Florida, Orlando (but they move coast-to-coast – residential and commercial) and the website https://movingwithclass.com for more details about the range.