The State Department has cut by about 80% the fee Americans must pay to formally renounce their US citizenship.
After years of legal disputes with groups representing Americans who want to give up their citizenship, the department published, on March 13, a final rule in the Federal Register lowering the cost from US$2,350 to $450.
Although the new fee took effect on March 13, it had been announced in 2023 but was never put into effect. The $450 cost is the same amount the State Department charged when it first began requiring a fee to renounce citizenship in 2010.
Indeed, the political landscape in the US is constantly evolving, leaving many individuals unsure of their future ties there. Many individuals have renounced their US citizenship for one reason or another, but the question is—is it right for you? In this gallery, we'll explore why some choose to renounce their citizenship with the US, how to do it, and why it may or may not be the right call for you.
Curious if renunciation can benefit you? Click through to find out now.