Question

Retired resident alien

Forum|Forum|2 years ago
April 10, 2024
1 reply
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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!

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V

Vanessa A

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.

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C

catkikAuthor

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 .