I.T.I.N

Taxes: IRS issues ITINs to help individuals comply with the U.S. tax laws, and to provide a means to efficiently process and account for tax returns and payments for those not eligible for Social Security numbers.

Life Insurance: Individuals with an Individual Taxpayer Identification Number (ITIN) can typically purchase life insurance. Life insurance companies generally require applicants to provide a taxpayer identification number in order to apply for coverage, and an ITIN can serve as an alternative to a Social Security number (SSN).

Opening Bank Accounts: With an ITIN, individuals can open bank accounts and establish credit histories, which can be important for accessing financial services and building a stable financial future.

Applying for Mortgages: Individuals with ITINs may be able to qualify for certain types of mortgages, allowing them to purchase a home and build equity over time.

Build Credit: I.T.I.N holders can apply for credit cards giving the opportunity to establish credit.

Privileged Drivers License: While an ITIN does not provide any direct benefits for obtaining a privileged driver's license, it can help individuals establish their identity and residency, which may be helpful in obtaining a driver's license in some states. It is important to check with the specific DMV in your state to determine the requirements for obtaining a privileged driver's license, as these requirements can vary depending on the state and individual circumstances.