benefits of having an ITIN
ITINs enable individuals to comply with federal tax laws and to file their federal tax returns, regardless of their immigration status.
Eligibility for Tax Credits
Individuals with ITINs may be eligible for certain tax credits, such as the Child Tax Credit and the American Opportunity Tax Credit, which can reduce the amount of federal tax owed.
Improved Financial Standing
By filing federal tax returns, individuals with ITINs can improve their credit history and financial standing, which may make it easier to obtain loans and other financial services in the future.
Registrations On MARKETPLACES
Registrations on eBay, Walmart and other marketplaces. Also, PayPal, stripe and other payment system.
Obtaining an ITIN can provide peace of mind for individuals who are concerned about complying with federal tax laws and avoiding penalties and interest on back taxes owed.
NOTE:
An ITIN does not provide authorization to work in the U.S. or eligibility for Social Security benefits. It is only for tax purposes.