Four Legal Ways to Avoid Paying U.S. Income Tax—Here’s How

Looking to keep more of your hard-earned money? Here are four legal ways to avoid paying U.S. income tax—find out how. [image](=) Hi {NAME}, You’ve been looking for ways to cut down that tax bill, right? Good news: there ARE legal ways to dodge U.S. income tax, and you don’t have to jump through hoops to do it. Whether you’re an entrepreneur, an investor, or just sick of seeing your money vanish, these options are here to save you. Here are four legal ways to reduce or even eliminate your U.S. income tax: 1.Move Out and Stay Out (Mostly) Reside abroad to reduce your tax liability. One of the most straightforward strategies is to live outside the U.S. for most of the year. Through the Foreign Earned Income Exclusion (FEIE), if you spend at least 330 days in foreign countries, you can exclude up to $126,500 of your income from U.S. taxes in 2024. This strategy is perfect for expats who want to maintain flexibility while significantly lowering their tax bills. Just be mindful of the rules around time spent in international waters and airspace, which do not count towards the 330 days required. 2. Become a Nomad and Keep Your Cash Take advantage of being a global nomad. By living a nomadic lifestyle, you can establish residency in a tax-friendly country, qualifying for significant tax reductions. Many countries offer tax incentives to foreign residents, which can lead to minimal or even zero tax liability. If you spend most of your time outside the U.S., you can leverage these incentives while maintaining your U.S. citizenship, allowing you the freedom to move around without being tethered to high taxes. 3.Try a U.S. Territory—Puerto Rico, Anyone? Relocate to places like Puerto Rico for significant tax savings. Territories such as Puerto Rico offer special tax incentives for residents and businesses. Under Act 20 and Act 22, you could benefit from a 4% export income tax and 0% tax on dividends, interest, and capital gains if you live there for at least 183 days a year. The U.S. Virgin Islands also has its own set of tax benefits. If you’re willing to make these territories your home, you could dramatically cut down on your tax payments while still enjoying the benefits of living under the U.S. flag. 4. Say Goodbye to the IRS for Good Say goodbye to U.S. taxes forever. If you’re ready to cut ties completely, renouncing your U.S. citizenship is the ultimate way to eliminate U.S. tax obligations. While there is an exit tax for those with significant assets, the long-term savings can outweigh the costs. Renouncing isn’t for everyone, but for those who want total freedom, it’s an option worth considering. Keep in mind the implications for your global mobility, banking, and investments, and make sure you have a solid plan in place. If you’re over handing your money to the IRS, maybe it’s time to consider these strategies. At Nomad Capitalist, we specialize in helping you keep more of what you earn—legally. Hit reply, and let’s talk about how we can make this happen for you. Or just click below to get started right now. [START HERE](=) In Freedom and Prosperity, The Nomad Capitalist Team = [Update Email Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623