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Level 3
posted Apr 10, 2024 2:24:25 PM

Retired resident alien

My dad is a retired resident alien (green card holder). He does not currently live in US, but he still has a saving account. He does not have any other income here, only this interest off this high-yielding saving account. I wonder if that is anything he (or I as his daughter) has to report? Thank you!

0 3 2969
3 Replies
Expert Alumni
Apr 10, 2024 2:27:32 PM

If the interest is in your dads name, then you would not report it on your return.

 

If he still has a green card (not sure what you mean by retired) he would need to report the interest income if he has total income of more than his  standard deduction. 

Level 3
Apr 13, 2024 9:06:20 AM

Thank you for your help. Yes, he still has a valid green card. By retired, I mean, he does not have a job, literally retired, and no other income here in the US. Just this saving account. The account is in his name. And the interest is only about $500.00 . 

Expert Alumni
Apr 13, 2024 9:15:44 AM

No, he would not be required to file a tax return.

 

Here are the Filing Requirements for 2023.

 

@catkik