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How Taxes Affect Us, the American People
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5 Articles
U.S. President Trump signed the "Big, Beautiful" bill, which stipulates that a 1% "remittance tax" will be charged on remittances from the United States to other countries. This will directly affect the overseas remittances sent back to their home countries by approximately 4.2 million Central American immigrants, and will have varying degrees of impact on the economies of Central American countries.
According to the U.S. Tax Cuts and Investment Act of 2025 (also known as the Big, American Act), a 1% remittance tax will be imposed on citizens and non-citizens who remit money overseas starting January 1, 2026. This once controversial remittance tax has been significantly reduced in scope after being adjusted by both houses of Congress.
Only apply for transfers made with money orders and cash cheques, and the return will be made by means of a card
The president said the new law “includes the biggest tax cut in U.S. history.” The U.S. President, Donald Trump, signed on Friday his ambitious tax and budget cut law, a rule he today called his “greatest victory so far” and that is expected to increase the U.S. deficit in the coming years, in addition to reducing the scope of certain federal social assistance programs.
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