Whether you’re considering long-term travel during retirement or you simply like the idea of pursuing the digital nomad lifestyle, upping sticks  and losing your home base can be incredibly freeing. Finally, you won’t have to worry about mortgage payments, check-ins, or the constant drive to return home.

Unfortunately, a lack of physical address in the US can also throw up some complex financial considerations. For instance, it can be difficult to retain a US bank account without a fixed address. What’s more, as a US citizen, you’ll still have to file for taxes, even during periods where you live abroad.

This could see you spending much of your nomadic income on tax in a country that you don’t actually inhabit. That’s why many nomads are currently turning to companies like SavvyNomad to see them through. By helping you to change your domicile to Florida, SavvyNomad holds the key to tax savings as high as 14.8% in some cases. In this article, we’ll review what they do and why it might be a worthwhile service for you.

Who is SavvyNomad?

Let’s say you’re traveling abroad from the US and you’ve just forked out yet another fortune in taxes.

Who do you call?

Well, you won’t get much help from the tax office, and a lot of financial experts simply don’t have the know-how to ensure the most lucrative nomadic lifestyles possible. Enter SavvyNomad, a company co-founded by two experienced digital nomads, Jameson and Bohden, who have faced their own challenges while traveling and navigating the US tax.

Using Jameson’s first-hand experiences of low-tax life thanks to his Nevada residency, and Bohden’s marketing and startup expertise, the two have been on a big mission to bring taxes down for everyone from their fellow nomads, to ex-pats, and even retirees struggling to make their current lifestyles work due to the drain of dreaded tax returns.

SavvyNomad’s Full Suite Of Tax-Reducing Services

You may already be sold on the SavvyNomad mission, but you haven’t heard anything yet. You see, SavvyNomad isn’t some dodgy backhouse tax business. Jameson and Bohden have used their own experiences to develop a fully legal, and frankly genius, range of services to help ensure legitimate tax reductions, which include –

• Florida address: With SavvyNomad’s help, even a short stay in Florida can secure you with a flexible Florida residency, and a Florida address that’s free from state, income, and inheritance tax. This can result in savings of between 4%-14.8% of your annual income. 
• Premium Florida Address with Lease: SavvyNomad offer limited premium Florida docile to high-net-worth expats who are looking to preserve their wealth and assets. With this service, you’ll receive compliant residency documentation, including a lease and utility bill, as well as premium mail and package forwarding, healthcare and insurance, and even an exclusive residential address for legal purposes such as voting.
• U.S. legal address for travelers: SavvyNomad started as the dream of two passion nomads, and they give back to fellow travelers with their US legal addresses for travelers, which are available without property ownership to ensure that nomads can maintain US financial ties without the tax strain that too often comes with them.
• Mail forwarding: SavvyNomad doesn't just provide Florida addresses for the sake of appearances. They also offer a reliable, non-CRMA mail forwarding service from those Florida locations. It’s then possible to scan, forward, and shred letters as required, ensuring compliance with everything from government documentation to banking matters and beyond.
• Tax filing: As well as reducing the taxes you can expect to pay, SavvyNomad is on hand to help you manage seamless tax filing from anywhere in the world, thanks to expertise in everything from state and federal taxation, to FBAR & FATCA compliance across your foreign earnings, and FEIE and FTC assistance to help you avoid fatal double taxation.

Who Can Benefit From SavvyNomad’s Services?

Jameson first had the idea for SavvyNomad while traveling in Morocco, where he met a group of surfers who were struggling with the strains of US taxation, even though they had no intention of returning home anytime soon. SavvyNomad began life to help other digital nomads in a similar situation. 

But digital nomads aren’t the only ones who can benefit from a Florida address. As SavvyNomad has grown, it has found a far larger audience across individuals who have long experienced many of the same struggles, even outside of nomadic lifestyles.

Now the SavvyNomad team is well-versed in helping ex-pats who are keen to manage their US taxes despite long-term overseas relocation. Retirees also benefit from SavvyNomad’s assistance in managing ongoing tax obligations that might otherwise prevent them from enjoying the retirement they deserve.

Are There Any Downsides To SavvyNomad’s Service?

Honestly, SavvyNomad has some of the best customer reviews that we’ve seen, and it’s plain to see that the team is willing to dedicate large amounts of time into each and every customer’s journey. But it’s also important to note that SavvyNomad doesn’t offer an instant fix. Nomads will need to put a little work in to make the most of this service, including a physical stay in Florida. SavvyNomad will also require your compliance in supplying things like vehicle registrations to ensure the legitimacy of your residency.

That said, ongoing personalized support means that even the more complex elements of this journey will run far more smoothly with SavvyNomad than they would without. The SavvyNomad team also do a lot of the heavy lifting themselves, including filing your declaration of domicile with the Clerk of Court so that you don’t have to! All in all, it’s fair to say that putting a little effort into this service upfront is far better than potentially years of unnecessary taxation and challenges filing your return!

Secure a Stress-Free Travel Future With SavvyNomad

Whether you’re fed up with the tax-based headaches that are already plaguing your digital nomad lifestyle, or you simply want to break free from tax expectations before you set off, don’t hesitate to discuss your options with SavvyNomad today.