08 Jan I’m moving to Florida. Will I owe taxes?
If you move out of New Jersey, the state wants its taxes....
If you move out of New Jersey, the state wants its taxes....
The specifics of your residency and the timing will determine the taxes owed....
Your residency is what matters when determining your tax bill. ...
What taxes are due will depend on the details of your ownership....
New Jersey may withhold estimated taxes on your home sale....
The exit tax is an estimated tax on the gain from a home sale. ...
The exit tax is really just an estimated tax on the sale of a home. ...
The exit tax is really an estimated tax on the profit from the sale. ...
If you leave the state, New Jersey will treat you like a nonresident. ...
Certain home sales will be subject to this estimated tax at closing....