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What Florida saves your family.

Enter your income and current state to see the annual — and compounding — advantage of Florida residency.

$500K
$3.00M
%

Your Estimated Florida Tax Savings

Annual state income tax saved $0
Annual portfolio income tax saved $0
Total annual savings $0
Compounded Savings (reinvested at 7%)
10-year compounded savings $0
20-year compounded savings $0
30-year compounded savings $0

How this estimate works, and what it cannot do

Criteria and methodology

  • The estimate applies your current state's top marginal income tax rate to the income you enter, and compares it against Florida, which levies no individual income tax. The multi-year figure compounds that annual difference at the return assumption shown.

Assumptions and limitations

  • Your top marginal rate applied to all entered income. Real liability reflects graduated brackets, deductions, credits and local taxes, so the true figure is generally lower than a top-rate estimate.
  • A completed change of domicile. Savings depend entirely on that being genuine and defensible — not on the calculation.
  • It does not model the exceptions that most often defeat a move: equity compensation is sourced to where the work was performed, installment-sale gain is sourced to residency at the date of sale, and a former state may assert statutory residency on a day-count test regardless of intent.

Investments considered

  • This tool considers no investments. It compares state tax regimes only, and neither recommends nor selects any security or product.

Applies to every result this tool produces

  • Results are hypothetical in nature. They are produced by a model, not by any account, and no client obtained them.
  • Results vary with each use and over time — with the figures you enter, with the assumptions above, and with changes in tax and Medicare law, which change annually.
  • This tool does not consider your full circumstances and is not investment, tax, or legal advice. Using it does not create an advisory relationship.
Your Estimate

Have these numbers sent to you.

We will email this estimate along with the Florida Residency Checklist — the domicile documentation, timing, and filing steps behind the arithmetic.

Estimates are illustrative, not a prediction of your results or tax advice. Submitting this form does not create an advisory relationship.

Relocating to Florida involves more than a change of address. Domicile, trusts, entity restructuring, and timing all matter.

Schedule a Florida Residency Review

Important Disclosures. Wolfson Private Wealth, LLC ("WPW") is an investment adviser registered with the Florida Office of Financial Regulation. Registration does not imply a certain level of skill or training. All investment strategies have the potential for profit or loss. Past performance is not indicative of future results. Diversification does not guarantee a profit or protect against loss.

Information presented on this website is for educational and informational purposes only, does not constitute investment, tax, legal, or accounting advice, and should not be construed as a solicitation, offer, or recommendation to buy or sell any security. Any client scenarios described are hypothetical composites for illustrative purposes only and do not represent any specific client, actual performance, or guarantee of results.

WPW does not offer tax or legal advice. Clients should consult qualified tax and legal professionals regarding their individual circumstances. Assets are custodied at Interactive Brokers LLC, a qualified custodian. WPW is not affiliated with Interactive Brokers LLC. The presence of a link to a third-party website does not imply endorsement.

Florida tax and asset protection commentary represents general information as of the publication date and is subject to change by legislative or regulatory action. WPW encourages all readers to obtain situation-specific counsel. Our complete disclosure brochure (Form ADV Part 2A) is available upon request and on the Investment Adviser Public Disclosure (IAPD) website.