Americans have always been a peripatetic group. And we relocate for many reasons.
Jobs are a big move motivator. Some people want to be closer to (or farther from) their families. Weather also prompts people to relocate.
So do taxes.
“For many years, policymakers, journalists, and taxpayers have debated the role state tax policy plays in individuals’ and businesses’ location decisions,” writes Andrey Yushkov, a Senior Policy Analyst with the Center for State Tax Policy at the Tax Foundation, at the tax policy nonprofit’s website.
The Tax Foundation has analyzed annual data about who is moving — and where — to learn more about factors contributing to moves within the United States.
IRS tracking of taxpayer locations: Moving information comes from the Internal Revenue Service, as well as companies in the moving industry. But, notes Yushkov, “the IRS data are by definition more comprehensive and provide important insights into the movement of adjusted gross income (AGI) among states.”
And Yushkov’s analysis for the Washington, D.C.-based Tax Foundation provides us with the interstate migration winners and losers.
His article also is this weekend’s featured Saturday Shout Out.
As per the reason for the weekly shout out, I’ll leave you to read Yushkov’s piece on Taxes and Interstate Migration: 2024 Update at your leisure.
Relocation winners and losers: But I’ll offer a couple of highlights from the Tax Foundation article on the gaining and losing states.
Twenty-six states saw a net gain in income tax filers from interstate migration. The leader was Florida, followed by Texas, North Carolina, South Carolina, and Tennessee.
On the other side, the 24 states and Washington, D.C., that experienced a net loss of income tax filers were led by California, New York, Illinois, Massachusetts, and New Jersey.
If your state isn’t in the top five gaining or losing categories, the Tax Foundation’s interactive map below gives you an idea of where it stands.
For even closer-to-home details, then check out the organization’s county map below.
You also might find these items of interest:
- Let the IRS know when you move
- No more tax help for non-military moving
- Comparing property taxes across the United States
- Monopoly game inspiration created to tout Georgism land tax
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