Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?
The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.
If you’re a homeowner, you’re probably wondering if your HOA fees are tax deductible?
Although the United States has an incredibly complicated tax code, it does allow for a large number of tax deductions you can take advantage of today. This allows you to lower your pre-tax income.
By doing this, you’re able to pay less in taxes or you may even receive a refund check from the IRS.
Let’s take a quick look at whether or not you can write-off your HOA fees.
When you think of Florida, lots of images come to mind. There are the beaches, Disney World and sunshine. There are also alligators, hurricanes and well, Florida Man. So what are the advantages and disadvantages of living in Florida?
Finally, is making the move to Florida worth it? I’ll answer that for you today. I will keep my biases as low as possible since I have been here for most of my life.
This blog series is here to bring you up-to-date tax tips, news, and how to find the best online income tax services.