State Income Taxes

In 43 states, residents must navigate state income taxes in addition to their federal tax obligations. This is not to mention state gift and estate taxes, inheritance taxes, and additional tax from a city or municipality. It can be a lot to keep track of — and that's before you start factoring in extensive travel or working across state lines. How should you incorporate all this into your financial planning? ReKeithen Miller, CFP® and IRS Enrolled Agent, joins host Amy Laburda to talk about state tax planning. Whether you're deciding where to retire or navigating the "convenience of the employer rule," the first step to solid tax planning is to understand the rules in play. As ReKeithen explains, tax usually won't drive your decisions, but staying mindful can help you to execute those decisions in tax-smart ways. Listen in to learn why Florida is such an attractive place to retire; how working remotely can affect your state tax obligations; why tax authorities may care where you keep your family heirlooms; and more.