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Declaring Money at U.S. Customs The form requires you to answer some questions and identify yourself and the currency in question. It also asks if you're a professional money transporter carrying the money for someone else. Money reported via FinCEN Form 105 is reported to the IRS to help cut down on money laundering.

You must declare cash of £10,000 or more to UK customs if you're carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK. If you're travelling as a family or group with more than £10,000 in total (even if individuals are carrying less than that) you still need to make a declaration.

While there aren't rules on how much money you can carry in or out of the United States, there are requirements for reporting the cash. If you're carrying currency equivalent to $10,000 or more, you have to report the money to customs.

Most countries have laws about how much cash you can cross their borders with. The United States is no different. The point of the U.S. customs cash limit is to catch criminals and prevent money from being used to fund illegal activity like money laundering or drug trafficking.

The Form 8300, Report of Cash Payments Over $10,000 in a Trade or Business, provides valuable information to the Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) in their efforts to combat money laundering.

If you earn less than $10,000 per year, you don't have to file a tax return. However, you won't receive an Earned-Income Tax Credit refund unless you do file.

Up to $1,600 in goods will be duty-free under your personal exemption if the merchandise is from an IP. Up to $800 in goods will be duty-free if it is from a CBI or Andean country. Any additional amount, up to $1,000, in goods will be dutiable at a flat rate (3%).