Advantages and Disadvantages of US Green Card
If you are desirous of living the American dream, Green Card is a must-have document to enter the states. Staying well-aware of the Advantages and Disadvantages of US green Card as the immigration laws vary in each state is what you need before applying for permanent citizenship. America is the world’s most famous country for immigrants from around the world.
It’s obvious that with a green card, you and your family and enjoy several benefits. However, becoming a permanent legal citizen of the US comes with its pros and cons. Considering the tax policy of the states is the most crucial factor for a non-resident applying for a Green Card.
What is Green Card and why is it Important?
The term "Green Card" is slang for an American Citizenship and Immigration Services (USCIS) Form I-551, Permanent Resident Card. The green card serves as proof of the bearer's status as a lawful permanent resident in the United States. The green card is available to people who have been lawfully admitted into the United States as permanent residents. In addition, those granted asylum or any other protected status in the U.S. can also apply for a green card.
If you are from countries such as Chad, Iran, Libya, North Korea, Syria, or Yemen, you can also apply for permanent Citizenship in the U.S. If you're not, don't worry, because there are many more options to be a lawful resident. Check for Green-Card based Forms here.
What are the Advantages of US Green Card?
Numerous perks come with being a United States citizen, but one of the most appealing benefits is receiving an American green card. What makes this so great? For Immigrants and H1B Visa holders, it means never having to worry about residency issues in their home country. In addition, some of the Advantages of US Green Card are noteworthy for students and job seekers.
1. You can live with Peace of Mind
If you have a green card or legal resident status, you are part of American society and have the same rights as other residents. You can live and work in the US with peace of mind since you're not concerned about deportation or any other legal issues. You're protected by the Constitution, regardless of your legal status.
2. Access to affordable Health Insurance
The biggest advantage of obtaining US Green Card is that there is extensive medical coverage for you and your family. This coverage is included in the premium costs, which means that you may never have to worry about paying for treatment or prescriptions again.
3. People can have Social Security Advantages of US Green Card
Green card holders do not need to pay into Social Security in order to receive these benefits. US citizens also have the right to work without limitations in other countries. However, continued eligibility is contingent on an individual's financial independence. A certain amount of their wages or income is subject to the Social Security contribution tax.
4. Green Card holders are eligible for student loans
One of the main benefits of US Green Card for students is you can be eligible for student loans and grants. You can also leverage the lower interest rates for borrowing money. However, these benefits will not apply to those who have not cleared the immigration process through obtaining a green card.
5. Can contribute in Political Campaigns
Once you obtain the green card, you have the opportunity to contribute to political campaigns. You can get more funding and support from your supporters. The endorsement for the candidate also helps get out the vote on Election Day.
What are the Disadvantages of US Green Card?
The green card in the United States is a simple process and can be obtained within six months of entering US territory. However, there are disadvantages of US Green Card that may come in the form of tax, compliance to residency requirement, and further eligibility.
1. Application & Renewal process takes lots of Time
In order to go through the process of acquiring a green card, one will need to be legally present in the US for at least five years. This means that people who do not have an employer-sponsored visa and are awaiting their approval for permanent residency status will need to make sure that they meet this requirement.
2. Medical Exams
If you are applying for a green card, you must complete a required medical exam as a mandatory part. This process may include vaccinations for every possible medical condition. In addition, you must be medically fit to be eligible to apply for permanent residency. The prior vaccinations are often considered against moral or religious ethics. The good part is, the US recognizes only a few circumstances that justify a waiver of this requirement to deter the entire process. If you are not in a healthy state, you may not be able obtain US Green Card.
3. A US green card does not make you an American citizen
The term "green card" is often used to identify a US-issued residence permit that allows a person to live and work in the United States indefinitely. It does not, however, make you an American citizen. To become a citizen, you'll need to apply for citizenship and fulfil several conditions, including waiting at least five years after being granted the green card.
4. No Federal Benefits
There are further disadvantages of US Green Card to consider. For example, you may not have access to federal benefits available only to Americans, such as social security and tax credits for education. In addition, if you ever want to pursue citizenship, you will need to prove that you have lived in the US continuously for at least five years with no absences of more than 180 days.
5. Tax Filing is one of the common disadvantages of US Green Card
Green card holders have to file taxes, just like other permanent US citizens. Among other things, they are required to pay taxes on wages and interest income. If you're a green card holder and haven’t filed your return previously, consult with a tax professional immediately. Your taxes may be owed, but more importantly, failure to file taxes could result in serious non-compliance issues with your immigration status.
Conclusion on Pros and Cons of US green Card
The pros and cons of US Green Card are essential to consider before you start applying for the process. You must prepare for the complexity of the rules and regulations involving your home country. Seeking professional advice from an attorney, accountant, or other expert is good to get started.