No Florida Income Tax Majorly Boosting Florida's Luxury Housing Markets
 
The passage of the Tax Cuts and Jobs Act has sent some Northeasterners and Midwesterners fleeing to Florida's luxury home market.

The law put a $10,000 limit on taxpayers' ability to deduct state and local taxes (SALT) from their federal taxable income in 2018, and that's had a huge impact on high-income taxpayers in many states including New York, Illinois, New Jersey,  Vermont, Connecticut, and New Hampshire.

SALT has crippled the high-end home market in northeast tri-state areas while luxury home sales in Florida have surged.

Many recent buyers (particular high-end and new construction) have specifically identified SALT as at least one of their motivating factors for seeking a residence in Sunny Florida.

You can easily Find Your Naples Florida Home HERE .  We highly recommend you consult a tax professional about the Tax Benefits of Buying a Home in Naples Florida, and see what a Low SALT Diet can do for your wallet.

See Homes Just listed in Naples HERE

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