Today, we're diving into a hot topic many entrepreneurs and individuals are curious about: the pros and cons of moving to a tax-free state. In this episode, we'll explore the idea of relocating to states without income tax like Florida, Texas, and Nevada, and whether the tax savings truly make it worth uprooting your life. We'll dig into the potential hidden costs, such as higher property taxes and insurance, and weigh them against the benefits. Plus, I'll share personal insights on why not all financial decisions should be purely tax-driven, and how to evaluate what's best for your lifestyle and happiness.

 

What you'll hear in this episode:

04:44 Consider costs, lifestyle, and tax implications.

09:48 Guide to start or clean up business.

 

If you like this episode, check out:

A Shortcut to Business Travel Deductions

What They Never Tell You About Depreciation

How to Deduct Self-Employed Health Insurance Premiums

 

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

 

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.