Pulling up stakes and moving from one state to another can be quite an adventure. Everything is new when you cross state lines. New neighbors, new restaurants, new stores, new roads…and new taxes. In fact, relocating to another state can knock your state tax bill up or down by thousands of dollars. You could, for instance, go from a state with no income taxes to one with very high rates. Other state and local taxes ‒ like sales taxes and property taxes ‒ can vary dramatically from one state to the next, too. That’s why it’s so important to understand the tax consequences of an interstate move before you call the moving company.
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