united-states international tax-law
Is there a threshold for declaring interest income from a foreign country?
<p>Assume the following situation:  </p>

<ul>
<li>foreign national in the US</li>
<li>working visa (e.g. H1-B)</li>
<li>living permanently in the US, no other address, paying all taxes in the US</li>
<li>savings account in home country (Europe)</li>
<li>savings account incurs interest</li>
</ul>

<p>Is there a threshold for declaring the interest incurred in a foreign country (income) when filing a US tax report?  </p>

<p>No, there is no threshold.</p>

<p>You may be thinking of the threshold for reporting foreign accounts:</p>

<blockquote>
  <p>In addition to reporting your worldwide income, you must also report on your U.S. tax return whether you have any foreign bank or investment accounts.</p>
</blockquote>

<p>This is required if </p>

<blockquote>
  <p>The aggregate value of all foreign financial accounts exceeds $10,000 at any time during the calendar year.</p>
</blockquote>

<p>Source: </p>

<p><a href="https://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable" rel="nofollow">https://www.irs.gov/Businesses/Income-from-Abroad-is-Taxable</a></p>
