Tax Advantages of Being a Florida Resident
There are many of tax advantages to being a resident of the State of Florida:
1.No state inheritance tax
2.No Florida state income tax
3.Can declare Florida residence as homestead.
4. Discount on real estate tax means first $50,000 tax free and a 3% annual cap
5. Plenty of sunshine to enjoy!
If you need legal advice for estate planning, Asset Protection Planning, or tax planning, please contact our office at (941) 906-1231 for an initial consultation.
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