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Will OBBBA’s Remittance Data Rule Increase IRS and ICE Scrutiny?
The One Big Beautiful Bill Act introduces a 1% tax on remittances and requires detailed reporting to the IRS. This…
Impact of SALT Cap Changes on High-Income H-1B Visa Holders’ Tax Brackets
The OBBB Act temporarily raises the SALT deduction cap to $40,000, but phases it out for MAGI over $500,000. High-income…
Impact of One Big Beautiful Bill Act on H-1B Self-Employed Remittance Taxes
Starting January 1, 2026, non-U.S. citizens with H-1B visas who send money abroad must pay a 3.5% excise tax on…
Does the One Big Beautiful Bill Remittance Tax Affect Income Tax Credits?
From 2026, a 1% excise tax applies to international transfers over $15 under the One Big Beautiful Bill. This remittance…
Does Underpaying Remittance Excise Tax Affect H-1B Visa Renewals or Sponsorship?
Beginning in 2026, a 3.5% remittance excise tax applies to non-U.S. citizens sending money abroad. H-1B visas and sponsorship are…
Impact of One Big Beautiful Bill Act’s Medicaid Cuts on H‑1B Tax Credit Claims
OBBBA’s 2025 Medicaid and SNAP cuts increase costs and reduce benefits for H-1B families relying on refundable tax credits. New…
Does the New Excise Tax Under OBBB Trigger FBAR for H-1B Holders?
A new 1% excise tax on electronic remittances begins in 2026 under the One Big Beautiful Bill Act. FBAR rules…
Will Dual‑Income H‑1B Couples Lose Education Credit Eligibility Under OBBBA?
H-1B couples holding valid SSNs can claim education credits under the OBBBA in 2025. The Act retains AOTC and LLC…