Guess he should have stayed in Florida.
Or at least taken advantage of something like that "escapees RV" group that allows people like your retired father to maintain his FL residency. (It was mentioned earlier in this thread)
State taxes and residency
Discussion in 'Questions From New Drivers' started by Paul328, Apr 24, 2016.
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Florida is rather pricey to actually live in too and so to just save income tax, but pay all the other taxes and fees and higher costs in general, just doesn't add up.
Safe taxes in one hand and pay it out in another. But if one isn't actually living there then there can be some savings without the added costs. -
My parents allowed use of my home that I was raised in as my tax base of residence. Later I moved to Arkansas and literally bought a home. All else fell into place.
There was one loose end, if you move from one place to another place. MAKE. SURE. you cancel your voter registration of the old place and register at the NEW home you plan to live in. The State you left will eventually attach a warrant to you a few years time when they discover you are existing on TWO state's worth of voter registrations as happened to me. It only takes a few minutes to clear that up with the old state.
A friend of mine kept a PO Box for purposes of vehicle inspections in a state that did not require them. It bypassed many limitations imposed by the actual state he was living and working out of rather... loosely at the time. Eventually he was to settle down and behave.
Taxes where I am... I always deducted 50 to 75 dollars for federal 100 for state. It was excessive withholding, but come tax time there is a few thousand paid back right quick as a form of defense against angry dispatchers trying to short your miles because you were late 10 minutes somewhere. -
otherhalftw Thanks this.
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Now if it gets too big of an amount due, I might be required to make quarterly estimates payments or have it withheld during the year.
But as long as they are ok with me sending in a check at tax time, so am I. -
If you are an interstate driver, you should not be taxed by other states (just fed & your home state). See the Amtrak Act of 1990...
If you were taxed in a different state, your company screwed up.otherhalftw Thanks this. -
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(b)(1) No part of the compensation paid by a motor carrier providing transportation subject to the jurisdiction of the Commission under subchapter II of chapter 105 of this title or by a motor private carrier to an employee who performs regularly assigned duties in 2 or more States as such an employee with respect to a motor vehicle shall be subject to the income tax laws of any State or subdivision of that State, other than the State or subdivision thereof of the employee's residence.
https://www.congress.gov/bill/101st-congress/house-bill/5075/textMidWest_MacDaddy Thanks this. -
MidWest_MacDaddy Thanks this.
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Thank you for the clip of text and link.
I will read further and sent it to my tax person.
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