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Beating the Tax Man: Digital Nomad Tax Tips for 2024
One big financial perk of the digital nomad life is the ability to save huge money on taxes
Here at Nomad Deals, we focus on saving time and money. Sexy? Well, that depends on whether you get turned on by a fat tax refund.
To celebrate tax season, let’s dive into how U.S. nomads can reduce what they owe to Uncle Sam. (And avoid common tax mistakes.)
This Week in Nomad Deals
Frontier Pass Sale
Frontier’s all-you-can-fly GoWild! summer pass is on sale for $399 (you are allowed to book the day before for domestic travel, and up to 10 days in advance for international travel).
Passport Wait Time
After years of long delays, the U.S. State Department reports that wait times for passports are back to pre-pandemic levels (6-8 weeks for routine applications; 2-3 weeks for expedited).
Thai Health Insurance
In an effort to jumpstart tourism, Thailand now offers up to $14,000 USD in free medical coverage for all tourists who register on the official government website.
How Digital Nomads Can Beat Taxes in 2024
Aside from lower cost of living, the biggest financial perk of the digital nomad life is the ability to reduce tax liabilities. With a little pre-planning, you can reduce (or even totally eliminate) your U.S. state and federal income tax burden.
Here’s how to get started on saving more of your income while you live the nomad dream.