By: John P. Napolitano, CFP®, CPA, PFS, MST, RLP® as seen in the Patriot Ledger
This year, it seems the snow birds have taken off for warmer climates before the song birds. There could be a number of reasons why they're in such a rush migrate south. One could be a desire to make a state such as Florida their domicile.
Domicile in this instance means the state in which you live for tax purposes. To claim domicile in Florida, for example, you’d actually have to live in Florida for at least 6 months and a day; more than half of the year. The time does not need to be in succession, but it must add up to more than half the year in that domicile state. The only exception may be vacation or business travel.
To elaborate, if you live in Miami Beach for 6 months and a day, and while in Miami you had business trips that required travel out of state, time devoted to business travel may still count as time in Florida. I suggest “may” because it would be dicey if your business travel took you to your former state of domicile for business – especially if you use that former domicile residence as the place you stay when traveling for business.