Tag Archives: States with no income tax

States Without Income Tax

States Without Income Tax

States without income tax?  Florida, Nevada, Texas, South Dakota, Washington, Wyoming and Alaska don’t impose income taxes, while New Hampshire and Tennessee only tax interest and dividend income.

If you are considering moving to a state without income tax, carefully plan your move and return visits to your former state.  Otherwise, you can greatly complicate your tax life and cost yourself tons in back taxes and penalties.

One factor to consider is the amount of time you spend in your former state.  If you are still planning to spend significant time in your former state,  limit it to less than 183 days.  This article from CNNMoney sets forth other factors to consider:

http://money.cnn.com/2013/06/18/pf/taxes/state-tax/index.html