In Brief
The Tax Cuts and Jobs Act (TCJA) of 2017 adjusted the threshold for state and local tax (SALT) deductions, which created an incentive for workers in high-tax states to consider moving to a state with lower taxes. " This type of high-tax to low-tax migration was the focus of an article published by Fox Business that covered the population estimates expected for Florida as long as provisions of the TCJA remain in effect. Florida ranks first in highest number of out-of-state movers to relocate since the legislation was enacted and experts believe those numbers will exceed 300,000 new citizens per year over the next three years.
D. " You can read Fox Business's full article on the demographic impact of changes to SALT deductions by clicking here . You can access the presentation slides and a recording of Dr.
Evangelakis's webinar by clicking below .