Benjamin Sullivan, EA, CFP
Moving to a Low-Tax State? Make Sure You Crunch the Numbers
Moving to a new state can save you a lot of money over time. However, high-tax states are often suspicious of such moves, so it's important to keep track of your move-related documents.
Moving to a Low-tax State Can Save a Bundle, But Document the Move
Evaluate your income potential and cost of living in your proposed new state, not only its tax rates. Use estimates specific to your lifestyle instead of general cost-of-living metrics. Consider both one-time and recurring costs that you might incur as a result of the move.