FEDERAL TAX CHANGES MAKE THE SUNSHINE STATE EVEN SUNNIER
Living in Punta Gorda, Punta Gorda Business
February 28, 2019
MIAMI HERALD, February 22, 2019 –
Federal tax changes make the Sunshine State even sunnier
The Sunshine State is looking sunnier every day, thanks to changes in the federal tax code. A newly enacted limitation on the deductibility of state and local taxes (SALT) is prompting residents from high-tax states such as New York, Connecticut and California to explore new ways for reducing their tax exposure – and that’s leading them to relocate to Florida. The change in the federal tax code combined with Florida having no personal state income tax has become a key driver in the relocation of many to the Sunshine State.