Residency when full timing: Florida vs Texas
My wife and I will begin our FT chapter in a couple months. Since we are currently residents of a state with income tax we're looking to be come residents of one that doesn't. We have it narrowed do...
Forum Discussion
Old-Biscuit wrote:
FL, SD & TX are FT RV Friendly.......mail forwarding services provide a 'physical' address for state residency, drivers license, vehicle registration, CCW etc.
You will need a recognized 'physical' address for IRS.....can be accomplished other ways but a recognized mail forwarding service is easy.
You also need to check each state concerning estate taxes, inheritance taxes, SS, Medicare, Insurance costs.
We checked out FL, TX & SD.
FL didn't work for us
TX insurance costs were way too high
SD fit....cheap overall costs, low insurance rates, 5 yr. renewal on DL's
Alternative Resources in Sioux Falls is a good service
Americas Mailbox in Rapid City area is a good service
We also chose SD. A couple of things not mentioned above -
No state income tax.
Only 3% sales tax on your RV, truck or car if bought new - none if you bought and paid another state more.
No special license required for RV's.
Only 1 day stay in hotel or CG required to establish residency.
On line renewal - first drivers license renewal due at end of 5 years.
Cheap mail forwarding service compared to others.
Oh and if you want too you can summer in the Americas Mailbox camp ground, see Rushmore, Custer Park, etc.
