A Cross-Border Finance & Tax Podcast To Filter Out The Noise

Hosted by Jane Mepham, CFP & Manasa Nadig, EA

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The International Money Café Podcast addresses the unique financial, tax, and life challenges faced by foreign-born individuals, foreign nationals on work visas, and U.S expats living outside the U.S.

Join us as we navigate the financial complexities, decode the challenges, and provide actionable strategies for thriving financially in a global landscape.

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Every episode gives you tips on pursuing your financial dream while staying tax-compliant, saving you hours of combing the Internet for information relevant to your situation!

Ep 57: What Is English For "The New Remittance Tax?"

This conversation discusses the implications of the One Big Beautiful Bill Act, which introduces a 1% excise tax on remittance transfers starting January 1, 2026. The goal is to raise approximately $10 billion over the next decade.

We explain how this tax will affect American families sending money abroad, the collection process, and planning strategies to mitigate the impact of this new tax.

We emphasize the importance of understanding the tax's application and exploring alternative methods for sending money to avoid additional fees. 

We have a new checklist to help you plan for the new tax and hopefully avoid it.

Takeaways  

  • A 1% tax on international money transfers will take effect in 2026.   

  • The tax applies to all remittance transfers by US citizens,  residents, and foreign nationals on work visas – (Everyone)

  • Providers will collect the tax on behalf of the IRS.

  • Planning for the tax is essential to manage costs effectively. 

  • Some transfers may be exempt, based on the institutions used or the methodology.

  • A checklist is available to help plan for the new tax.

Chapters

  • 00:00 Introduction to the New Tax on Remittances

  • 02:45 Understanding the Impact of the Tax

  • 05:56 Planning for the New Remittance Tax



The IM Café Finance / Tax Roastery  (Store) Is Live


Grab  "the Comprehensive Checklist for Foreign Nationals on Work Visas Leaving the U.S." currently on sale, to celebrate our 50th episode.

If you'd like to work with us on your finances or taxes, check out the process 

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Meet Your Hosts

Jane Mepham, CFP and
Manasa Nadig, EA

Jane Mepham, CFP®, and Manasa Nadig, EA, are leading experts revolutionizing cross-border financial and tax advice for green card holders, foreign-born U.S. citizens, foreign nationals on work visas, and U.S. expats.

Jane, the founder of Elgon Financial Advisors in Austin, TX, and Manasa, the founder of MN Tax & Business Services in Plymouth, MI, combine their extensive knowledge and personal experiences to provide invaluable insights on the podcast. 

Explore their journeys and expertise through their blogs, LinkedIn, Twitter, and Instagram pages. 

If you’d like to go beyond the podcast and explore working with us one-on-one

Click Here For Details

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Take this episode further with our exclusive companion resource. Inside, you’ll find practical tips, tools, and insights designed to help you put what you’ve learned into action right away.

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