Italian dual citizenship means you enjoy citizenship advantages of both countries: Italy and the U.S. You may qualify for pension in both countries, not to mention cheaper healthcare and access to cheaper higher education throughout the entire European Union. As an Italian dual citizen, you would be legally entitled to every single benefit that is made available to the citizens of Italy, including the right to vote in elections as well as to leverage tax shelters and benefits, and seek healthcare not available in the U.S. at affordable costs.
Ease of travel
Italian dual citizenship will allow you to travel, stay and work unrestricted in the E.U. You will never have to worry about a visa ever again and can live in Italy (and within the EU) for as long as you want, completely unrestricted as is your right.
European employers or employers sending their workers to Europe for extended periods of time will see your Italian citizenship as an asset. Your passports mean less bureaucratic hassle for them and will be a point in your favor. For entrepreneurs, having Italian citizenship means that going into business within the European Union is also significantly easier than it is for Americans with single citizenship.
Education in Italy is extremely affordable, as is education in much of the E.U. at large. Italian citizenship allows you and your children to study in Italy and pay EU tuition rates within EU universities. Currently, citizens of extra-E.U. countries can attend school in European universities but at tuition rates that are sometimes triple or quadruple those charged to European citizens. This means significant savings, as you and your children can qualify for the European citizen rates.
One of the most basic reasons why Italian dual citizenship is beneficial is the fact that you get to pass it on to your children (and their children and their children's children in perpetuity) in an unbroken line of Italian citizenship. Italian dual citizenship is truly the gift that keeps on giving.
Added protection abroad
If you get in trouble while abroad, you may be allowed to appeal to two embassies or consulates since you are a citizen of two countries. You can also travel to places that are inhospitable to Americans with your Italian passport.
For the uninsured or underinsured, healthcare in the U.S. can be expensive. As an Italian citizen, you are entitled to apply for your tessera sanitaria to receive Italian healthcare which is world class and much more affordable when compared to healthcare in the States.
Having Italian dual citizenship entitles you to hassle free property renting and buying and cuts down on the red tape required of those wishing to purchase and/or invest in real estate. For an Italian citizen, the bureaucracy of home ownership will be significantly pared down.