If You Moved to These 5 States After Retirement, You May Owe the IRS Back Taxes
Did you move to a low-tax state after retirement? You may still owe back taxes to the state you left — and nobody is warning you about it. In this video, I break down the 5 states that can reach back and tax retirees even after they move — California, New York, Minnesota, New Jersey, and Illinois — and the exact forms and steps that protect you from thousands in unexpected tax bills. What you'll learn: ✅ California's residency audit trap and how to document your move correctly ✅ New York's 183-day rule and what counts as a "permanent place of abode" ✅ Why Minnesota can tax your pension for decades after you leave the state ✅ New Jersey's 2% exit withholding on home sales — and how to avoid it ✅ The W-4P mistake that costs retirees $3,000–$6,000 in their first year after moving ✅ How the 2026 One Big Beautiful Bill senior deduction could reduce your state tax obligations automatically Forms mentioned in this video: 📄 California Form 3840 → ftb.ca.gov 📄 New York Form IT-203 → tax.ny.gov 📄 Minnesota Schedule M1NR → revenue.state.mn.us | 📞 651-296-3781 📄 New Jersey Form GIT/REP-3 → njportal.nj.gov 📄 IRS Form W-4P → irs.gov ⚠️ This video is for educational purposes only and is not tax advice. Consult a licensed tax professional before taking action. 🔔 Subscribe and turn on notifications — every week I cover the tax rules, financial traps, and retirement strategies that most people never hear about until it's too late. #RetirementTaxes #RetirementPlanning #StateTaxes #RetireeFinance #SocialSecurity #PensionTax #IRSBackTaxes #RetirementIncome #TaxTips2025 #MovingInRetirement #CaliforniaExitTax #NewYorkTaxes #MinnesotaPension #NewJerseyExitTax #SeniorFinance #W4P #FinancialFreedom #RetirementAdvice #TaxPlanning #IRMAA

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