Are you an Indian on an H-1B or F1 visa in the U.S. sending money back home? A new 5% remittance tax has been proposed that could directly impact your finances.
In this episode of Immigration Talk Show, we explain what this proposed tax means for non-citizens like H-1B and F1 visa holders — especially Indians supporting families back in India. Learn who is affected, how it may work, possible exemptions, and what steps you can take right now to prepare.
If you’re an international student or tech worker in the U.S., this is a must-watch guide to understand how this policy may affect your remittances and monthly budget.
Topics Covered in This Video
What is the proposed 5% remittance tax for non-citizens?
Does it apply to H-1B visa holders, F1 students, or both?
How could this change the way Indians in the U.S. send money home?
Are there exemptions or workarounds to avoid the tax?
What steps should Indian immigrants take now to stay informed and plan ahead?
Who Should Watch This?
Indian H-1B workers sending money to India
F1 international students paying tuition or family support
Anyone on a U.S. temporary visa concerned about finances
Indian families who receive remittances from relatives abroad
Authoritative Sources (Optional for reference in video or description):
U.S. Treasury Proposal on Cross-Border Tax Compliance
Federal Remittance Reporting & Taxation Act (Draft Bill)
Remittance Data from World Bank on India Inflows
IRS Rules for Nonresident Financial Transfers (Form 8938 & FBAR)
Disclaimer
This video is for informational purposes only and may include news, expert opinions, personal experiences, or attorney commentary. It does not constitute legal advice. Any legal insights provided are general in nature and may qualify as attorney advertising. Viewing this content does not create an attorney-client relationship. Always consult a licensed professional for personalized tax or immigration guidance.