Why Consider Living in Florida?

Wilmington Trust |
Wealth Planning

The Sunshine State offers a host of financial and tax benefits if you’re considering living in Florida. Florida residents likely enjoy significantly reduced tax obligations compared to many other states.Florida does not impose a personal income tax, an inheritance tax, a gift tax, or an intangible personal property tax.The more ties you have to Florida, the more likely your Florida domicile will be respected.

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Episode 7: Tax-Loss Harvesting and Savings Opportunities

Thomas Kelley, CPA, CFP®, AEP® |
Emerald GEMs
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June 16—With the economy and markets in turmoil, you may be asking: How do I use the losses in my portfolio to my advantage? Director of Income Tax Planning Tom Kelley, discusses how to turn a market loss into a gain through tax-loss harvesting. In times like these, it is important to recognize that harvesting these losses now, when done appropriately, helps enable tax savings today and potential tax savings in the future.

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