Age old question - where to domicile
We have been fulltiming for 4-months now and are giving real consideration to doing this long-term. Part of that decision is selecting a domicile. Now, about us... I am in my mid-30s, work fulltime...
Forum Discussion
At this time, I think I'm not interested in buying land anywhere. My rental is covering the cost of my mortgage and I'm not sure that I want to add another bill into the mix of things.
The company that I work for- I'm just a plain ole employee on a W2. They're based out of Virginia, so I'm already doing the 2-state thing. Though, I don't know of what kind of reciprocity there is between VA and MD.
I lived in PA for my childhood, but don't know what kind of residency requirements that they have for fulltimers. We will likely go back from time to time as we have family up that way.
As for states we'd visit on a regular basis- we go to Florida more than anywhere else. I'm not sure how that'll play out in the future, but I do know up to this summer at least- we'll be there once, if not twice. However, I've heard that insurance costs more there (though, dahkota makes a good point in that it'll likely be less than we're paying in Maryland).
I've also considered Texas as we'll be driving through there in January and could likely take care of any residency requirements when we're there.
A few of you mentioned contacting a tax person- does anyone know of someone who is in tune with fulltiming and taxes?
The company that I work for- I'm just a plain ole employee on a W2. They're based out of Virginia, so I'm already doing the 2-state thing. Though, I don't know of what kind of reciprocity there is between VA and MD.
I lived in PA for my childhood, but don't know what kind of residency requirements that they have for fulltimers. We will likely go back from time to time as we have family up that way.
As for states we'd visit on a regular basis- we go to Florida more than anywhere else. I'm not sure how that'll play out in the future, but I do know up to this summer at least- we'll be there once, if not twice. However, I've heard that insurance costs more there (though, dahkota makes a good point in that it'll likely be less than we're paying in Maryland).
I've also considered Texas as we'll be driving through there in January and could likely take care of any residency requirements when we're there.
A few of you mentioned contacting a tax person- does anyone know of someone who is in tune with fulltiming and taxes?
