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Anyone have any experience with having dual residency status in two states? I'm domiciled in Texas but am considering a long-term (1 year) "permanent" job in Colorado. I know I would end up as a statutory resident but I still want to maintain my Texas citizenship. I'm guessing I'm probably going to have to talk to an attorney eventually. Just planning ahead. TIA.
If you're only going for a year, and maintain a Texas address, nothing will force you to establish Colorado residency.
BTW, you're also a "citizen" of the United States. There's no such thing as state citizenship, even for "the Republic of Texas." The concept of state residency is surprisingly fungible, speaking as someone who's always had to file multiple state tax returns.
A lot of my snowbird friends vote in Florida, have their permanent residence in Florida and that's where they pay taxes. Everything is registered in Florida, but they spend half the year up here in Michigan.
Most people want to avoid paying taxes in two places if they can avoid it.
I found your question interesting because I really don't know the answer to it either.
Anyone have any experience with having dual residency status in two states? I'm domiciled in Texas but am considering a long-term (1 year) "permanent" job in Colorado. I know I would end up as a statutory resident but I still want to maintain my Texas citizenship. I'm guessing I'm probably going to have to talk to an attorney eventually. Just planning ahead. TIA.
There is no "Texas citizenship". Can you please explain what a statutory resident is? Thank you.
Sorry for the confusion I'm a bit under the weather).
Statutory residency is usually what one is considered being after spending 184 days or more in a state.
Even if the situation turns out that I have to pat CO state income tax TX has none. And it looks like the CO state income tax isn't very high.
It you are an expat. Not as US citizen or Green Card holder.
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Can you please explain what a statutory resident is? Thank you.
