/PRNewswire/ While Americans gave up their citizenship at record levels under President Trump, there has been an immediate and dramatic reversal of the.
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President Biden Effect Reducing Americans Giving Up Citizenship, Reports Bambridge Accountants New York
February 4, 2021 GMT
NEW YORK - February 4, 2021 - ( Newswire.com )
The election of President Biden has seen a decline in the number of Americans giving up their citizenship, according to research by the Enrolled Agents and accountants of Bambridge Accountants New York.
Although 2020 has been the record year for Americans giving up their citizenship, the final 3 months to December 31, 2020 saw the trend reverse.
660 Americans gave up their citizenship in the final 3 months of 2020, compared to 732 in the prior 3 months - a 10% decrease.
More Families Can Claim Earned Income Tax Credit and Child Tax Credit, Announced With Second Stimulus Checks, Reports Bambridge Accountants New York
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NEW YORK, Jan. 8, 2021 /PRNewswire/ In addition to the second stimulus checks for $600 per person that were announced as part of the Further Consolidated Appropriations Act (FCAA), the Act also contains tax reliefs for education, business meals, and help for those who did not receive the first stimulus check, reports Bambridge Accountants New York.
More individuals and families will also be able to claim the Earned Income Tax Credit and Child Tax Credit when they file their 2020 tax returns.