If you’re looking for a year-round position, like anywhere else, it’s advisable to secure a job before making the move. Alaska will actually pay you to move there Yes, believe it or not, Alaska will actually pay you to move there through its established Permanent Fund Dividend Program. Stay until the end, please. I need room to breathe. This post was written in 2004. Federal taxes are only half the story, depending on where you live. Alaska runs a program called the Alaska Permanent Fund, which, per the state website, allots an equal amount of the state's oil royalties to every resident through an annual dividend. YESThe program is called the Alaska Permanent Fund. My parents moved to Alaska as adults and the state and people have been very good to them both in friendships and financially. I also have 9 years experience with telecommunications from the military. Luckily, he is the only person I know personally who has lost their job in that field, but it will probably get worse until oil rebounds. How We Make Money You have money … 17 Reasons Why You Should Never, Ever Move To Alaska Oh, Alaska – you big, beautiful, burly beast of a state. ), moving to these cities really pays off. Basically, the program was very similar to the Federal Homestead Economical and carefree lifestyle Low taxes, an easy lifestyle, and plenty of elbow room — they all add up to a standard of living only Alaska can provide. One possible way to save money is to move to a state with no state income tax. Moving is hard. Should You Move to a State with No Income Tax in 2021? It can be Theres so much to say about Ak. For retirees, that can mean no state tax on Social Security benefits , pensions and other sources of retirement income. Maine just expanded its Educational Opportunity Tax Credit to workers who attended college or university anywhere in the U.S. Most people are drawn to Alaska to see the wilderness, not for "quaint towns." I have about $8000. On the plus side, Alaska has no estate tax. Homesteading in Alaska, the pamphlets will tell you, is finished. Alaska has the lowest taxes in the U.S. and is one of a handful of states without a statewide sales tax. Finding Work in Alaska Every year thousands of people inquire about working and living in Alaska. The state of Kansas is working to draw new residents to low-population counties in its Rural Opportunity Zones (ROZ). Those who move to one of the 73 counties I had a great childhood growing up there and still know many people to this day that live there who absolutely love it and would never choose any other place to live. The Alaska Department of Transportation and Public Facilities is offering $30,000 for anyone up for removing and maintaining the historic bridge before construction on … There is no better way to have presented that. While it’s a common misconception that you can move there for free, you can get paid to live in Alaska. Nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — have no income taxes. If you want help with how it will impact your finances or are looking for someone to help you meet your financial goals in general, a financial advisor might be useful. It's true, however, that it costs a lot more to visit here than to live here, but I think that's the case anywhere with high tourist populations. 2. 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