US Expatriations In Q2 Up 68.5% From Last Year, IRS Says
· WOWERI
The number of people who lost or renounced their U.S. citizenship has increased by 68.5% in the second quarter of 2026, totaling nearly 1,800 individuals. The IRS reports a significant surge in expatriations.
US Expatriations: What You Need to Know
The IRS reports that the number of people who lost or renounced their U.S. citizenship has increased by 68.5% in the second quarter of 2026, totaling nearly 1,800 individuals. This significant surge in expatriations may be due to various factors, including changes in tax laws and immigration policies.
Why People Renounce Their US Citizenship
There are several reasons why people may renounce their US citizenship. One of the main reasons is tax burden. US citizens are required to pay taxes on their income, regardless of where they live. This can be a significant burden for people living outside the US.
What to Do If You're Considering Expatriation
If you're considering renouncing your US citizenship, it's essential to consult with a tax professional or attorney to understand all the implications of such a decision. You'll also need to file a renunciation application and go through the expatriation process.
What to do next
- Application for Naturalization — Order
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Source: law360.com