#remittance-tax

#remittance-tax

The holiday season is here, a time when countless immigrants in the United States are sending a little extra money back home to their families. But now, many are bracing for a new financial hurdle: effective January 1, 2026, a federal 1% remittance tax will go into effect, adding a new cost to the cash, checks, and money orders that millions of immigrants rely on to support loved ones abroad.