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
- Married filing jointly
- $100,000 on the last day of the tax year, or
- $150,000 at any time during the tax year
- $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
- $200,000 on the last day of the tax year, or
- $300,000 at any time during the tax year