Form 8938 - Rules

Threshold for tax payers living in the USA

Filing is necessary if total value of specified foreign financial assets is over these amounts
- Married filing jointly

• $100,000 on the last day of the tax year, or
• $150,000 at any time during the tax year

- Any other other filing status 

• $50,000 on the last day of the tax year, or
• $75,000 at any time during the tax year

Threshold for tax payers living outside the USA

- Married filing jointly

• $400,000 on the last day of the tax year, or
• $600,000 at any time during the tax year

- Any other other filing status 

• $200,000 on the last day of the tax year, or
• $300,000 at any time during the tax year