Explore These Tax Friendly States and Avoid the New Cap Deductions

 

Get The Most Out of Your Savings & Live At Your Highest Capacity

Tax Friendly Communities

If you live in high tax states like New York, New Jersey, Connecticut, Maryland, California, or Vermont, the new tax rules that cap deductions of state and local taxes are going to have a disproportionate effect on you.

Why?

Because before the new tax rules, taxpayers who itemized could write off an unlimited amount of state and local taxes, But now, those deductions can’t exceed $10,000.
These change most affects taxpayers in states with high income and property taxes. So, you have two options:
Lose all tax-deductions above 10 grand, or move to a state that is tax-friendly.
If you’re one of those people thinking of relocating to reduce your taxes, keep in mind that lower taxes aren’t the only things to consider.

• Consider your ideal lifestyle as well. Many of that are the most tax-friendly also have better climates. Shorten your winter and spend more time doing the things you want to do.

• Look at all the costs of your ideal state. A state with low income taxes may make up for it with a high sales tax.

• Make sure the place you are looking at has the things you want and need. Fine restaurants and shopping as well as entertainment, active adult living and proximity to medical centers.

We’ve assembled a list of communities in low tax states to explore. Take some time and explore the true potential of your ideal lifestyle in the states that will treat you right.

Arkansas Tax Friendly State

Arkansas Tax Friendly State

Arkansas is home to diverse geography ranges from mountains (regions of the Ozark) to dense forest (Arkansas Timberlands) to the eastern lowlands along the Mississippi River and the Arkansas Delta. Arkansas is the 29th largest state and relies on service industry and agriculture for its economy. The northwestern corner of the state is an important economic and educational center along with the central state's capital of Little Rock. Arkansas has a humid subtropical climate with hot summers and cool, drier winters.
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Arizona Tax Friendly State

Arizona Tax Friendly State

Arizona boasts extraordinary landscapes, culinary curiosities and historic locations, There are limitless destinations to experience. There is an abundance of world-class amenities in recreation, events, the arts and culture. Northern Nevada possesses awe inspiring natural beauty while enjoying a four-season climate. The Sierra Nevada range offers incomparable skiing, fishing, sailing, swimming, hiking, biking, and camping throughout the year.
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Georgia Tax Friendly State

Georgia Tax Friendly State

From its energetic and lively cities to the relaxing coastline and breathtaking mountain scenery, Georgia boasts rich and unique experiences that are unparalleled - especially its world-class Southern hospitality. The wide diversity of holiday destinations, from the mountains to the coast, from its southern rivers to historic heartland to metro Atlanta, guarantees everyone an unforgettable experience.
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North Carolina Tax Friendly State

North Carolina Tax Friendly State

The median home sale value in North Carolina is $217,560 according to USA Today. If you moved here, you could purchase a home with cash and still have almost $165,000 left over. Your taxes could be as low as $1,706 per year while reducing your cost of living. By moving, you could have little or no mortgage and reduce your tax burden. You can escape the brutal winter while drastically improving your quality of life.
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Nevada Tax Friendly State

Nevada Tax Friendly State

Nevada boasts extraordinary landscapes, culinary curiosities and historic locations, There are limitless destinations to experience. There is an abundance of world-class amenities in recreation, events, the arts and culture. Northern Nevada possesses awe inspiring natural beauty while enjoying a four-season climate. The Sierra Nevada range offers incomparable skiing, fishing, sailing, swimming, hiking, biking, and camping throughout the year.
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Florida Tax Friendly State

Florida Tax Friendly State

Let's say you live in Suffolk County on Long Island. You have lived in your home for 15 years. At the time, you purchased your home with a $225,000, 30-year mortgage for about $1500/mo in principal and interest. Today, you only owe $170,000 and your home is now worth $546,000. And your property taxes are over $7,000 per year and climbing annually. Now you have approximately $376,000 in equity. You could purchase a new home in the South and have money left over! The median home sale value in Florida is $278,629 according to USA Today.
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Texas Tax Friendly State

Texas Tax Friendly State

Stroll along the San Antonio River Walk. Take in Austin's amazing music scene. Visit the Dallas Arts District. Check out the twice-daily cattle drives in Fort Worth. Explore the history of America's space program in Houston. Go for a hike in Big Bend National Park. And that's just for starters: the Lone Star State offers an incredible variety of experiences, from exciting cities and rich Western heritage to rugged outdoor adventures and unique history.
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Delaware Tax Friendly State

Delaware Tax Friendly State

Although it's the second smallest state in size and measures just 96 miles from north to south, Delaware has one of the lowest property tax rates in the nation. The average effective property tax rate paid by Delaware residents was 0.56%. Based on the state's current structure, Delaware does not rely on property tax collections as a main revenue stream
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Utah Tax Friendly State

Utah Tax Friendly State

Utah is a land of wild adventures, ancient myths and beautiful landscapes, Utah is home to five national parks whose names-Zion, Bryce Canyon, Capitol Reef, Arches and Canyonlands-only hint at their wonder and majesty. The state also boasts many national monuments, 40 state parks and 14 world-class ski resorts (11 of which are less than an hour from Salt Lake City International Airport). In addition, the state is known for destinations such as the Great Salt Lake, Monument Valley, Lake Powell and the Red Rock Golf Trail.
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Tennessee Tax Friendly State

Tennessee Tax Friendly State

Lower your taxes. Tennessee has no income tax. Social Security benefits are not taxed at the state level. Low property tax. One of the biggest benefits of moving south is lower taxes. If you live in NJ, CT, NY or metro DC, you're well aware of the burden of paying high property taxes. It's possible to save thousands of dollars a year by moving to lower-tax states such as Tennessee, Florida, South Carolina and North Carolina.
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South Carolina Tax Friendly State

South Carolina Tax Friendly State

The median home sale value in South Carolina is $204,349 according to USA Today. If you moved here, you could purchase a home with cash and still have almost $175,000 left over. Your taxes could be as low as $1,294 per year while reducing your cost of living. By moving, you could have little or no mortgage and reduce your tax burden. You can escape the brutal winter while drastically improving your quality of life.
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