If you are an American who is living abroad, or you’re living the life of a digital nomad, you might be swamped paying state income tax in a place that you barely spend any time. This could be crushing you financially, causing you an extreme amount of stress, and leaving you with only a small amount of money to live the rest of your life. If you don’t think that’s fair and you want to make a change, SavvyNomad is a company that can help you. They offer a range of services to help you avoid paying state income tax when you shouldn’t need to, but are they really worth the money that you spend? Let’s have a look.
What Is The Story Behind SavvyNomad?
One of the co-founders of SavvyNomad was traveling in Morocco when he came across some digital nomads who were being crushed by state income tax. While the co-founder was from a state where there are no state income taxes so this wasn’t an issue for him, he quickly realized that the US tax system doesn’t work well for digital nomads and Americans who are living abroad.
With a strong background in accounting, he knew that there must have been something that he could do to make this system work better for these people, and thus, SavvyNomad was born.
What Can SavvyNomad Offer You?
The main goal of SavvyNomad is to streamline domicile change for US expats and nomads. They take their job extremely seriously, looking to assist as many people as possible who live this way, ensuring that they are not paying state income tax up to their eyeballs in a state that they barely even live in.
They offer a range of services, but we have broken them down into a few separate categories to make it easier to categorize what they can do for you.
Residency In A New State For Tax Purposes
One of the main services that SavvyNomad can offer you is setting you up with residency in a state that has no state income taxes. It is completely legal, and ensures that you’re not going to have to pay a large portion of your income to a state government that you don’t even live in. They will provide you with an address in a state with no state income tax, a lot of the time this is Florida because it has such a flexible approach with the requirements for residency. For example, they don’t have a minimum stay requirement to qualify for residency where other states with no state income tax do.
Help With All Of The Admin
SavvyNomad will be by your side throughout this entire process. They are there for you from start to finish, helping you fill out the correct forms so that all of your applications are completed to a high standard. They will make sure that you are not abandoned halfway through the process, leaving you feeling lost and confused. The team of experts are dedicated to seeing you through to the end, helping you to become a resident of Florida.
Assistance With Filing Your Tax
SavvyNomad also goes above and beyond, assisting you with filing taxes in your new state to ensure that you do it correctly. They take their time to ensure that you are not missing out on anything, or paying any more than you need to.
What Did We Like About SavvyNomad?
We liked that it’s a cost-effective solution for those who need the service: With the huge savings that it can provide for people who are living the digital nomad life, or living abroad, it’s a cost-effective solution. What you pay SavvyNomad is small compared to what you’re going to save on these taxes.
We liked that it’s easy to understand what is happening and why: Residency, domicile, and taxes are extremely complex and therefore can be quite tough to understand, but SavvyNomad have made it easy as pie. They have all of the steps laid out for you to read through so you always know what’s coming, and there is an easy to use residency dashboard to keep you up to date.
We liked that the customer support was phenomenal: The customer support at SavvyNomad is second to none. The experts really seem to care about their clients, being available to them as often as possible. You don’t have to wait 2-5 working days for a response from this company, and we think that this is fantastic.
What Didn’t We Like About SavvyNomad?
We’re wary that it doesn’t always work: Of course, not every solution is going to work for every single person, every single time. But, it should at least the majority of the time. You need to be cautious when using a service like this, as you may not get the results that you want, or there may be issues with the address you are given, meaning it doesn’t work for you.
We didn’t like the limited refund window: SavvyNomad has a no money back after 30 days policy, meaning that no matter the reason you are seeking a refund, if you are doing so after 30 days, you’re not going to get one. While that might not sound like too much of an issue as you have a whole month to claim your money back, sometimes it’s simply not going to be long enough. A larger window would be better.
Let’s Look At Our Concluding Thoughts
So, to sum this all up in a neat little bow, would we recommend SavvyNomad to those who are looking to eliminate their state income tax responsibilities? We absolutely would. We think that SavvyNomad is a fantastic business, and has created a fantastic solution for their customers. It’s easy to use, it’s simple to navigate, and the team is there every single step of the way for you, ensuring that you never feel as though you’re being left to flounder.
It’s important to speak to the team before you make your final decision as to whether this is the right company for you though, just to be on the safe side!
