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Reply to "DC residency, taxes, etc, after buying a second home in a no-tax state"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We bought a home in a low tax state during covid and spend almost all of our time here. Still, I would never give up my DC residency because [b]the benefits of being a resident are much more generous than just about anywhere else[/b]. You never know what kind of help you might need in the future. I’m also very glad that I’m not so cheap and tight that I have to make residency decisions on things like state taxes. It’s pathetic. [/quote] Can you elaborate? [/quote] I am a different person, but DC TAG and no DC or federal taxes on ANY municipal bonds are two that we appreciate. I am sure there are others.[/quote] DC tag doesn't come close to covering the difference between in and out of state tuition anywhere Your much better off changing your residency And who owns enough munis for the tax rate to matter?[/quote]
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