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Latin Times
Latin Times
National
Demian Bio

U.S. Tax On Remittances Goes Into Effect On First Day Of 2026

Donald Trump Claudia Sheinbaum United States Mexico
Migrant families in Mexico brace for Trump's second term and mass deportations, as they depend on remittances sent back home from the U.S. (Credit: Getty Images)

The U.S. tax on remittances imposed by President Donald Trump's "One Big Beautiful Bill" has gone into effect on the first day of 2026.

Remittances declined in the months of 2025 for which there is data. They fell in September, which was the sixth decline in a row.

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