Trump administration to slash fee to renounce US citizenship from $2,350 to $450

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The Trump administration will significantly reduce the fee to renounce US citizenship from $2,350 to $450, effective April 12th. This reverses a 2015 fee increase and fulfills a long-standing promise, despite the lower fee being less than the government's processing cost. The number of Americans renouncing citizenship has risen in recent years, driven by political changes and frustration with complex US tax laws, particularly among "accidental Americans" living abroad. The State Department cited concerns about the cost burden and tax-related difficulties faced by US nationals residing abroad as reasons for the fee reduction. While the government acknowledges it will incur a loss, the move aims to alleviate the financial burden for those seeking to relinquish their citizenship.
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AI-ExtractedThe government says it will lose money because applicants are required to appear in person before a consular officer.
A global backlog for renunciation appointments exceeded 30,000.
2024 recorded the third highest annual total of 4,820 people seeking a Certificate of Loss of Nationality.
The cost to formally renounce US citizenship will plunge from $2,350 to just $450 in April.
Political changes in the US are a driving factor in many cases.
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