As someone from North Carolina living abroad, you might wonder if you still need to pay state taxes. This article will help you understand your tax obligations. TLDR: Yes, expats from North Carolina may still need to pay state taxes, depending on their residency status. If North Carolina remains your
Ah, the open skies — with a laptop and a drive to explore, digital nomads and expatriates venture out, combining adventure with the mundane task of earning a living. Part of that practical need is, of course, dealing with taxation. The U.S. is the only country that taxes based on
Nevada, a state celebrated for its wild city life and serene desert vistas, is becoming increasingly popular as a place of residence – for nomads and stay-at-homes alike. Its unique combination of urban excitement and peaceful natural beauty (yes, Las Vegas is surrounded by beautiful natural red rock) offers a diverse
In today's world, savvy digital nomads and expats are constantly looking for strategies to enhance their lifestyles by optimizing their financial situations. Florida, South Dakota, Texas, and Nevada usually stand out as the prime destinations for those aiming to balance easy and convenient residency with a favorable tax
✅A certified CPA has fact-checked this article to ensure accuracy and reliability. Learn more Hey there! Thinking about making Texas your new home sweet home? You're not alone! This big-hearted state isn't just about cowboy hats and barbecue – it's a hotspot for folks who
The digital age fuels the nomadic lifestyle, blurring the lines between work and wanderlust. Yet, even if you don’t own or rent in the states anymore, traveling freely from AirBnb to Vrbo, there is still something tethering you back home —your legal domicile. A domicile is more than a
In a world ruled by Wi-Fi and laptops, being a digital nomad isn't just a trend; it's a lifestyle. But as you roam freely, you realize there's something you can't escape: the intricacies of domicile and residency. These aren't just
When American citizens move abroad, choosing the right state to keep as their home base, or “domicile,” is important. This choice can significantly impact their tax situation, affecting how much they pay and to whom. It is crucial to determine state residency for tax purposes, as each state has its
Many New Jersey residents are thinking about abandoning their New Jersey residencies and for good reason. There are several benefits to leaving New Jersey, such as saving money on taxes and enjoying a better lifestyle. By moving to a state with no state income tax, you can keep more of
If you're an expat from Illinois, you might still owe taxes to the State of Illinois, depending on your residency status. Illinois may consider you still a resident for tax purposes, requiring you to report, and pay state income taxes on, your worldwide income. Understanding the difference between
When living abroad, understanding the various tax requirements and exemptions is important for expats to manage their finances effectively. One of the U.S. tax system's key components affecting expats is the Physical Presence Test. The Physical Presence Test, a criterion used by the Internal Revenue Service (IRS)
Living and working abroad offers unique opportunities for U.S. citizens and residents. However, this lifestyle presents specific tax challenges (and opportunities). The Foreign Earned Income Exclusion (FEIE) is crucial in this context. FEIE is an IRS provision for Americans abroad. In 2023, eligible individuals can exclude up to $120,