US Citizenship Renouncement Fee Drops 80%
The State Department has significantly reduced the fee to renounce U.S. citizenship from $2,350 to $450, effective this past Friday. This change follows years of pressure and legal battles, bringing the cost back to what it was in 2010. The fee increase in 2015 was due to a surge in renunciations, primarily driven by new tax reporting rules that affected Americans living abroad. Advocacy groups, such as the Association of Accidental Americans, have celebrated this reduction as a major victory, making the process more accessible for U.S.-born individuals living overseas. However, a lawsuit still argues for no cost at all, suggesting the story may not be over yet.
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