Why Expats Are Renouncing US Citizenship: Insights from the 2024 Greenback Survey

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`Discover the Latest Insights from the Greenback Expat Survey 2024!

Are you a US citizen living abroad? Navigate the complexities of expat taxation with ease, thanks to Greenback Expat Tax Services. Our 2024 survey has unveiled critical data on the challenges US expats face, from considering renouncing citizenship due to tax burdens to dealing with restrictive foreign banking laws.

Key Survey Findings:

~ Significant Increase: Nearly one in three US expats is now considering giving up their citizenship, a 50% increase from last year.
~ Feeling Overlooked: 75% of expats feel ignored by the US government, yet they remain politically active and ready to vote in the presidential election.
~ Tax Burdens Abroad: Overwhelmingly, expats find US tax obligations daunting, influencing decisions on whether to return to the US.
~ Banking Restrictions: Learn how foreign banking laws have led to 38% of expats cutting back on financial products.

At Greenback Expat Tax Services, our experienced advisors are here to help you understand and adapt to these changes. We offer personalized guidance to minimize your tax liabilities and ensure you meet all your obligations with confidence.

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