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State Department slashes fee to renounce US citizenship by 80% to $450 (apnews.com)

submitted 2 weeks ago by AntiBullyRanger@ani.social to c/usa@quokk.au

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The State Department has slashed by about 80% the fee for Americans to formally renounce their U.S. citizenship.

After years of legal battles with several groups representing Americans wanting to give up their citizenship, the department on Friday published a final rule in the Federal Register that reduces the cost from $2,350 to $450.

The new fee, which took effect on Friday, had been promised in 2023 but had never been implemented. The cost is now the same as it was when the State Department first started charging Americans to formally renounce their citizenship in 2010.

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[–] Skyrmir@lemmy.world 2 points 2 weeks ago

The people that worry about that fee don't care about that fee. The one they worry about is the tax on everything over $2 mil in net worth at current market value.