Many wealthy families in high-tax states are considering moving to a more tax-friendly jurisdiction because of the Tax Cuts and Jobs Act. Specifically the new $10,000 cap on deduction for State and Local Taxes (SALT). Moving would help to avoid the imposition of a state-level personal income tax. However, the rules for establishing tax residency in a new state are complex and rife with many challenges that families must prepare to address in advance of an actual move. Read the entire article by Michael Hirsch here.