Quote:
Originally Posted by Im45us
So I am thinking about becoming a US citizen. I have been in this country for over 55 years legally. I have a green card and have been married to a US citizen for almost 40 years.I also served in the US Air Force for 4 years and have worked at the same company for 40 years.
My question is there a way to do this at no cost to me? Last time I checked it was going to be very expensive to do this.
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Welcome to the “ club”!
2 points besides the money you need to spend- no exceptions- on your application for citizenship.
1) Depending on the size of your marital assets- the non- citizen spouse suppose to pay tax to US on your inheritance if your spouse dies first.
If you are a citizen- you don’t have to- your heirs will- again, depending on the size of your estate.
You should look into it- unless the law changed.
2) if you later decide to return to your home country after becoming a US citizen- then you still must pay tax to the US, on your worldwide income, even if you are not producing income from the US.
That how US citizenship works.
That is why some Americans like Tina Turner, Madonna and others renounced their US citizenship- expensive as well to do that, probably more expensive then to become a citizen.
Basically, it depends on your financial situation...
Talk to an accountant, especially if you are wealthy.
What is your spouse’s opinion?