Does Nevada Have a State Income Tax?
No, Nevada does not have a state income tax. The Nevada Constitution, Article 10, Section 1, says no income tax shall be levied on the wages or personal income of natural persons. Because the ban is written into the constitution, removing it would take a vote of the people, not just a new law. Ryan
Do I Pay Capital Gains Tax When Selling a House in Nevada?
Most people who sell their main home in Nevada pay no capital gains tax. Federal law lets you exclude up to $250,000 of gain, or $500,000 if you file jointly, when you owned and lived in the home for two of the last five years. Nevada adds nothing on top, because the state has no personal income tax
Do I Need Flood Insurance in Las Vegas?
You only have to carry flood insurance in Las Vegas if the home sits in a FEMA high risk flood zone and your mortgage is federally backed. Outside those zones, flood coverage is optional. It can still make sense, because most homeowners policies do not cover flood damage. This answer comes from Ryan
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