Sending Money Home Gets Costlier: US Plans 5% Remittance Tax for Indian Expats in 2026

Unknown Apr 02, 2026 800 Views

Indian expats in the US could soon suffer a major blow to remit money to their families back home, as a proposed new tax recommends charging 5% on every dollar sent overseas by non-citizens from January 1, 2026. The tax, as part of former President Trump's "One Big Beautiful Bill,"...

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