The financial allure of moving to a new state for tax relief is real, but the challenges and pitfalls are substantial. Successful state residency planning is less about counting days on a calendar and more about shifting the "center of gravity" of your life.
If you plan to follow the crowds to popular no or low-income-tax states, such as South Carolina, Texas, Tennessee and Florida, you'll need a plan. Because tax authorities in high-tax states, including California, New York and Massachusetts, will be watching.
