Taxes
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No Exemptions or Credits for H-1B Remittances in One Big Beautiful Bill Act
The 2025 One Big Beautiful Bill Act adds a 3.5% tax on remittances by non-citizen immigrants, including H-1B holders, without…
Impact of One Big Beautiful Bill’s Remittance Tax on H-1B Diaspora Transfers
Starting 2026, the One Big Beautiful Bill enforces a 1% tax on U.S. remittances. India, Mexico, and the Philippines see…
Will H‑1B Families Sponsoring Parents Face Higher Costs from New Remittance Tax?
The One Big Beautiful Bill Act enforces a 1% tax on non-commercial remittance transfers by H-1B visa holders beginning 2026.…
Does the One Big Beautiful Bill Act Impose IRS Rules on Remittance for H-1B Holders
Starting fiscal 2026, a 3.5% excise tax applies to remittances sent abroad by non-U.S. citizens such as H-1B visa holders.…
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…