The U.S. government plans to cut the fee for Americans wishing to formally renounce their citizenship by over 80%, a move welcomed by 'Accidental Americans' facing challenges with the U.S. tax system.

Following a campaign, the US State Department has reduced the fee for renouncing American citizenship, benefiting 'Accidental Americans' who previously faced high costs to give up their citizenship.

The US State Department announced that the fee for renouncing American citizenship will be significantly reduced starting April 13, a move welcomed by an association representing 'accidental Americans' who face US tax obligations.