Big relief for Indian migrants: Trump's 'Big Beautiful Bill' slashes remittance tax from 5% to 3.5%

The US House of Representatives has passed the ‘One Big, Beautiful Bill Act’ — a sweeping tax-and-spending package that encapsulates former President Donald Trump’s economic vision and marks a key milestone in his second-term agenda. Among the key provisions in the bill is a significant relief for millions of foreign workers in the US who send money abroad. The final version of the legislation reduces the controversial remittance tax from 5% to 3.5%, according to the bill’s fine print.

The remittance tax cut comes after weeks of negotiations and lobbying by advocacy groups and diaspora communities, many of whom had flagged the 5% levy as disproportionately burdensome.