Home Breadcrumb caret Industry News Breadcrumb caret Industry Cost of renouncing U.S. citizenship to quadruple As of September 6, 2014, the cost is rising to US$2,350. September 2, 2014 | Last updated on September 2, 2014 1 min read Have a client who wants to renounce his U.S. citizenship? He better file quick because he only has four days left to pay the current rate of US$450. As of September 6, 2014, the cost is rising to US$2,350, reports globalnews.ca. The increase, says the State Department, is because that’s the real cost of processing an application. Read more. Also read: Tips for being FATCA compliant Foreign tax tips from Golombek Dual citizens challenge FATCA Save Stroke 1 Print Group 8 Share LI logo