There Is a Possible Tax on Remittances in the United States: How Much It Would Cost to Send Money and Who Would Pay

Remittances matter: 8 facts you don’t know about the money migrants send back home

What it means to send money to families abroad could undergo a radical change.This possibility, arising from a bill recently passed by the U.S. House of Representatives under the initiative of President Donald Trump, has provoked, and rightly so, a mixture of concern and frustration among people this week.What is coming is a possible tax on remittances, something that directly affects millions of migrants who make an effort month by month to hel…

The House of Representatives approves a 3.5% tax on remittances sent abroad.The bill will mainly affect undocumented immigrants and temporary workers in the United States.The proposal is part of Donald Trump's broader tax reform against social programs.This week, news has been circulated that has caused a mixture of concern and frustration.And it's not for the least.It turns out that the U.S. House of Representatives has just passed a bill drive…

The Republican-controlled U.S. House of Representatives approved in the early morning of Thursday, May 22, the application of a 3.5% tax on remittances sent from that country, a fact that is part of a comprehensive project called “One Big Beautiful Bill.” This tax and expense bill is part of President Donald Trump’s political agenda, which, if approved by the U.S. Senate next September, will be in effect in 2026.

The former president of the Mexican Association of Public Accountants of Tijuana, Juan Jorge Torres, considered that at least 95% of income from remittances is not audited. TIJUANA, Baja California, May 23, 2025.- At least 95% of the resources that enter Mexico for remittances are not reported to the Tax Administration System, according to former president of the Mexican Association of Public Accountants of Tijuana, Juan Jorge Torres. This in th…

The tax on remittances of 3.5%, approved by the U.S. House of Representatives, although it will have a negative impact, is not a double taxation, explained the Institute of Public Accountants (IMCP). He explained that more than a tax, it is a tax, focused on migrants who are irregularly in states [...]