Florida Residency

Establishing Florida residency rules are fairly straight forward.  Establishing residency for state tax avoidance the rules may vary by the state where you are currently earning income.  Please consult your financial advisor, accountant and/or estate or tax attorney to ensure you understand the tax and estate vagaries that apply to your personal situation.

The majority of states have what is called a 183-day rule, which basically means the state will tax uni as a resident if yu reside at least 183 days during the year in the state.  In all situations you need a permanent address to reside in for an established period of time, typically 180+ days.

To establish Florida residency, begin by obtaining a Florida driver’s license or Florida Identification Card and registering your vehicle in the state.  Florida law requires that you obtain a drivers license within 30 days.  This essential step ties you to the local community and indicates your intention to make Florida your home. Next, update your voter registration to Florida. This gives you the right to vote in local and state elections and demonstrates your commitment to becoming a Floridian.

If Florida is considered to be your permeant home you must file your tax return with the same address that is on your driver’s license.  The story needs to be consiistn.  Also make sure you forward your mail to your Florida address.

Applying for a Homestead Exemption is another critical move. This exemption on your primary residence can reduce your property taxes, enhancing your financial benefits. You should also live in Florida for at least six months+ out of the year to solidify your residency status.

Optima Properties is an Exclusive Buyer Brokerage and can assist you throughout your relocation to South Florida.