Proposed OBBBA Tax Would Apply Equally to Citizens and Legal Immigrants Sending Money Abroad
OBBBA establishes a 1% tax on all remittance senders including green card holders and U.S. citizens. The bill…
Articles by & updated by Sai Sankar
Effective Date and Transition Rules for Remittance Tax in One Big Beautiful Bill
Beginning January 1, 2026, a 1% federal tax applies to cash-based international transfers from the U.S., impacting all…
How the 1–3.5% OBBBA Remittance Tax Affects Immigrants’ Costs
A 3.5% remittance tax on non-U.S. citizen electronic transfers could raise $2.38 billion but may reduce money sent…
How the New Big Beautiful Bill Could Change H1B Visa Tax Returns
As of July 2025, the One Big Beautiful Bill Act awaits Senate approval. It keeps the 37% top…
US H-2B Visa Filing Window Opens Today for Temporary Foreign Workers
U.S. employers can hire foreign workers under the H-2B visa for temporary non-agricultural jobs. The filing window opens…
NRIs Can Now Use UPI in India with Foreign Mobile Numbers
By mid-2025, NRIs can use UPI with international mobile numbers for secure payments in India, supported by major…
Donald Trump Considers Deporting U.S. Citizens Amid Controversy
President Trump suggested deporting U.S.-born citizens with criminal records, defying the 14th Amendment. No policy exists, but expanded…
Understanding Accounting Periods: Calendar Year vs Fiscal Year Explained
Selecting the correct accounting period and method is crucial for U.S. taxes. Most individuals choose the calendar year…
California Explains Trump’s One Big Beautiful Bill Cutting Remittance Tax to 1%
Starting July 2025, the One Big Beautiful Bill Act enforces a 1% tax on specific remittance methods by…