Hey Digital Nomads!
If you are constantly traveling, let’s say a different country every month, how do you handle your taxes? Let’s say your last location of permanent domicile was Colorado hypothetically. Let’s say that was years ago, how do you handle taxes? Do you pay taxes as if you are still living in Colorado while constantly moving countries? Thanks in advance!
PS, asking for a friend 🙄
Generally no. You aren’t a resident of Colorado.
As a US citizen you still are assessed for taxes, but you get exceptions that can dramatically reduce your tax burden.