State Department slashes fee to renounce US citizenship by 80% to $450 - AP News
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The State Department cut the fee to renounce US citizenship by 80% to $450.
How This Affects You
Americans living abroad can now give up their citizenship and tax obligations for $1,900 less than before.
AI Summary
The State Department cut the fee for renouncing US citizenship by 80% to $450, down from the previous $2,350 fee. The dramatic reduction makes the process significantly more affordable for Americans seeking to formally give up their citizenship. The lower fee could lead to increased renunciation applications from US citizens living abroad who have been deterred by the high cost.
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