TAX information

Worksplorer TAX Information for digital nomads. Image by polina tankilevitch

Taxes. Know before you go.

Find important TAX information here.


The rapid growth of remote working allows people to explore far off lands and cultures without taking time off work, and it can also offer an opportunity to save money. Understanding tax implications is extremely important, not just from the financial implications, but legal as well.

Each country has different rules and tax rates to be aware of.  For example, a higher tax rate in one of the desirable European cities may be worth trading for a no-tax island in the Caribbean, depending on your circumstances. There is a lot to know. For example, US citizens may be required to file a Foreign Bank Account Report with their tax return. Whatever your situation, it is always best to know before you go.

Worksploring Tax information
  • by Katelynn Minott, CPA & CEO
    A routine money transfer could now come with an unexpected extra cost. Starting in 2026, a new U.S. remittance tax applies to certain transfers sent abroad, including some used to support family or move money across borders. The good news is that the final law is much narrower than earlier proposals. The tax rate is […]
  • by Katelynn Minott, CPA & CEO
    Extra income sounds like a win until you start wondering how much of it the IRS will keep. A raise, bonus, freelance project, or overseas income can all change the rate that applies to your highest dollars. That is where marginal tax rates come into play. Your marginal tax rate is the rate applied to […]
  • by Katelynn Minott, CPA & CEO
    Life abroad has a way of turning savings into survival money. A rental deposit, visa fee, emergency flight, or gap between jobs can make an IRA suddenly look very available. The catch is that the IRS usually charges for early access. If you take money from an IRA before age 59½, you may owe regular […]
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