According to TechFlow news on May 17, reported by Jin Shi Data and CNBC18 in India, for many Indian families, having their children send money back from the United States is a means of livelihood. However, when these families see their account balances dwindling, they may feel a bit shocked. This is because the United States has proposed a new tax specifically targeting these remittances. A U.S. bill proposes a 5% tax on remittances sent from the U.S. to other countries. Indians are one of the top three immigrant groups in the U.S., with nearly 2.3 million Indians working in the U.S. through various visa programs. These Indians are one of the largest sources of remittances to India. Just in 2023, they sent back over $23 billion. However, if the new bill is passed, the impact will not be limited to H-1B, F-1 visa holders, and green card holders. The proposed tax will also apply to any income earned by non-resident Indians in the U.S. through investments or stock options.