Tax Benefits of Owning a Home in Wyoming
Wyoming is consistently ranked as one of the top tax friendly states. Among many reasons, there is no state income tax, no inheritance or estate tax, no state gift tax, no tax on out-of-state retirement income, and property taxes are low. There are numerous reasons why those who live in Jackson have chosen to have their primary residences here. Some of those reasons are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Other reasons are more practical in scope and include Wyoming’s overall tax-climate benefits, when compared to all other states.
More information can be found below and be sure to speak to your CPA for guidance.