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Three More Advantages to Applying for your Individual Tax Identification Number (ITIN)

They are:

  1. Avoiding Withholding Tax: Without an ITIN or SSN, you may be subject to higher withholding tax rates on income earned in the USA. An ITIN can help you reduce these with-holdings.

  2. Opening Bank Accounts: Some banks may require an ITIN for non-residents to open a bank account, making it easier to manage your finances in the USA.

  3. Rental Agreements: Landlords may request your ITIN when signing a lease agreement, helping establish your identity and eligibility for renting property.

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