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Story summary
- Starting January 1, 2026, a 1% remittance tax will apply to cash, checks, and money orders under the One Big Beautiful Bill Act by U.S. President Donald Trump.
- The tax will affect millions of immigrants in the United States who send money abroad.
- Digital transfers are exempt, but many migrants prefer cash methods, which incur additional fees.
- Steve, a Guatemalan worker in New York, could face reduced remittance support.
