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Showing posts with the label international tax planning

Ultimate Tax Guide for Digital Nomads & Freelancers

The Ultimate Tax Guide for Digital Nomads and Freelancers Introduction If you’re a digital nomad or freelancer earning income while traveling the globe, U.S. taxes can feel like a maze. The rules are complex, but with the right strategies—like the Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit (FTC) —you can legally reduce or even eliminate what you owe. This guide breaks down everything you need to know for 2025, from filing requirements to common pitfalls, so you can focus on your work, not your tax stress. Who Needs to File U.S. Taxes—and Why Citizenship-Based Taxation The United States taxes based on citizenship, not just where you live. That means even if you spend the entire year abroad, you may still need to file a federal tax return. Filing Thresholds for 2024 Tax Year (Filed in 2025) Single: $14,600 gross income or more Married filing jointly: $29,200 gross income or more Self-employed: $400 net earnings or more If you cross t...