New York vs. Florida : Tax Differences Between The Two States

The  sunshine and palm trees are not the only reasons that individuals are leaving their home states of New York, New Jersey and Connecticut. The unyielding lower taxes are drawing more and more people to migrate South…for good.

Besides Florida having no state income tax, the Tax Cuts and Jobs Act (TCJA) has changed the state income tax game, making the tax implications for higher-income individuals substantial.

While relocating to another state may either be a personal or business decision, having the correct plan to protect your assets is vital. We can show you how to minimize tax exposure and maximize your legacy to ensure that you and your heirs receive everything that you have worked so hard to provide for them.