When to Consult a Professional
State tax laws are complex and change frequently. You should consider speaking with a CPA or tax professional if:
- You are considering moving to a new state specifically for tax reasons.
- Your income is hovering just above the exemption “cliff” for your state (e.g., earning $101,000 in New Mexico as a single filer).
- You have multiple sources of income, such as a pension, part-time work, and investments, which complicate your Combined Income calculation.
