Question:

If you live half the year in one state and half in the other (Snowbirds--ME to FL)Where do you pay income tax?

by  |  earlier

0 LIKES UnLike

If you live half the year in one state and half in the other (Snowbirds--ME to FL)Where do you pay income tax?

 Tags:

   Report

5 ANSWERS


  1. Both, but FL doesn't have any income tax.  ME will almost certainly consider you at least a part-year resident.  If you have lived in ME for a while and bought a winter home in FL, you may still be considered a full-year resident of ME, unless you make significant efforts to reduce your ties with ME.


  2. Well, technically you would pay in both states (but only if you earned income in both states). HOWEVER< Florida does not have a state income tax...SO, no need to pay there! ME only...

  3. Florida has no income tax.

    You would file your Maine income tax as either a resident or part-year resident, depending on whether you were present in Maine for 183 days or more (resident) or less than 183 days (part-year resident).

    If all your income is taxable by Maine, there is no difference.

  4. You have to have one state of "residence", usually the one where you spend the majority of your time, and this is where you'd file taxes.  In this case, I'd opt for FL as it has no income tax--dunno about ME off the top of me head.  This assumes no earned income, which would be taxable where earned, or other unearned income such as rental income with a taxable situs outside the state of residence.

  5. ME - FL doesn't have a state income tax

Question Stats

Latest activity: earlier.
This question has 5 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.
Unanswered Questions