Tax Exempt States for Full Time RVing
I know a few of the states have no state tax when it comes to purchasing RV's( NH being one), I'm looking for a state with this and where you can renew you drivers license and vehicle registration onl...
Forum Discussion
First time reading your post but do not want to read through 3 pages of responses. My response may be repeating some of the information already posted so I apologies for that.
Anyone with any sort of income, dividends or interest earnings pays Federal Taxes regardless of which State they claim as their domicile assuming the dollar amounts exceed the deductions and/or credits.
There are nine States in the union that do not have a State income tax. NH, TX, FL, SD, AK, TN, WY, NV and either OR or WA, forget which one.
Of those, NH and TN, have a State income tax on dividends and interest income.
Very few States do not have a State sales tax, and as you mention NH is one of them. If I remember correctly AK is also one of those States. OR or WA, forget which one, also has no sales tax.
Most RVers who change their domicile to minimize their tax liability chose either FL, TX or SD.
You can own a house in any state without considering it your domicile state. You do not need to own property, although it helps, to be domiciled in a specific state.
Both my wife and I were born and raised in NH and own property there. It would have been pretty easy to change our domicile back to NH. We didn't because of the need to have vehicles inspected every year to renew the tags. Also, registering vehicles was way too expensive compared to SD.
This information was acquired back in 2008 when we started our RV travels. Things may have changed some since then. We ended up declaring SD as our domicile State.
Good luck selecting a new domicile state and safe travels.
Anyone with any sort of income, dividends or interest earnings pays Federal Taxes regardless of which State they claim as their domicile assuming the dollar amounts exceed the deductions and/or credits.
There are nine States in the union that do not have a State income tax. NH, TX, FL, SD, AK, TN, WY, NV and either OR or WA, forget which one.
Of those, NH and TN, have a State income tax on dividends and interest income.
Very few States do not have a State sales tax, and as you mention NH is one of them. If I remember correctly AK is also one of those States. OR or WA, forget which one, also has no sales tax.
Most RVers who change their domicile to minimize their tax liability chose either FL, TX or SD.
You can own a house in any state without considering it your domicile state. You do not need to own property, although it helps, to be domiciled in a specific state.
Both my wife and I were born and raised in NH and own property there. It would have been pretty easy to change our domicile back to NH. We didn't because of the need to have vehicles inspected every year to renew the tags. Also, registering vehicles was way too expensive compared to SD.
This information was acquired back in 2008 when we started our RV travels. Things may have changed some since then. We ended up declaring SD as our domicile State.
Good luck selecting a new domicile state and safe travels.
