Trump's 2025 Tax Law: What Expats Need to Know

🌐 Living abroad? Join 1,000+ Savvy Nomads: https://savvynomad.io/?utm_source=you... The “One Big Beautiful Bill Act” made major changes to the American tax code. Key provisions for US expats include a boost to the SALT deduction cap from $10,000 to $40,000. The Foreign Earned Income Exclusion also remains intact, with a previously scheduled inflation adjustment from $126,500 to $130,000. On the downside, a new 1% federal remittance tax will now apply to outbound money transfers from the US starting in 2026. New requirements for the Child Tax Credit could also impact some expats. Foreign Earned Income Exclusion in 2025: IRS Form 2555 https://blog.savvynomad.io/foreign-ea... U.S. tax guide for American nomads https://blog.savvynomad.io/us-digital... 0:00 Introduction 0:20 Overview of the new tax law 0:52 Positives for US expats 1:55 Increase in state tax deduction 2:28 Downsides of the new law 2:46 New remittance tax explained 3:19 Changes to child tax credit 3:51 Important filing reminders 4:08 Wrap-up and conclusion If you're a digital nomad, expat, or remote worker living abroad, you're probably paying more taxes than you have to. Savvy Nomad can help you legally reduce your taxes overseas, navigate international banking, and live abroad without the financial stress. Our mission is to help American expats and nomads travel freely, explore more, and get the most out of their income. 🧾 Get our free 2026 Move Abroad Checklist: https://savvynomad.io/youtube?utm_sou... 📬 Stay ahead with the Americans Abroad Weekly Newsletter: https://americansabroad.beehiiv.com/ 📸 Instagram:   / savvynomadio   🎵 TikTok:   / savvynomadio   **This video is for general educational purposes only. SavvyNomad is not a law firm, tax advisor, or financial advisor, and nothing here is legal, tax, or investment advice. Your situation may be different from the examples described; talk with a qualified professional about your specific facts before making decisions. #expatlife #expatliving #digitalnomad