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The Free Financial Advisor
The Free Financial Advisor
Brandon Marcus

New York Residents Moving Out of State Are Facing Additional Tax Obligations

Image Source: Shutterstock.com

Leaving New York might seem like a financial fresh start. It comes with lower cost of living, less congestion, maybe even a bigger home for your money. But moving out of the Empire State doesn’t automatically mean you’re done with its tax system. In fact, many former residents are surprised to find themselves still on the hook for certain obligations long after they’ve packed up and left.

If you’re planning a move—or already made one—comprehending how New York handles taxes could save you from costly surprises.

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