Personal Finance

Paisano Card: How Mexico Plans to Save Your Remittances from US Tax

Mexico is promoting the Paisano Card to help immigrants avoid a new 1% U.S. tax on remittances. The card is easy to get through consulates and keeps transfers tax-free.

Paisano Card: The Mexican government is launching a strong push to promote the use of the “Paisano Card” among its citizens living in the United States. This move comes after a new tax was approved in the U.S., signed by President Donald Trump, which applies a 1% charge on remittances sent by Mexican immigrants to Mexico through electronic transfers. To avoid this new fee, Mexico plans to make the Paisano Card more accessible for everyone who regularly sends money back home.

SNAP Florida Payment Schedule: Food Stamp Deposit Dates for July 2025

The Paisano Card was originally created to support Mexican nationals who were deported from the U.S., with each returning person receiving $100 on arrival in Mexico. But now, the card is taking on a new role helping Mexican immigrants keep more of their money when they send it to loved ones.

Consulates Will Help Distribute the Card in the US

Mexico plans to distribute the Paisano Card widely through its consulates across the United States. The goal is to help as many people as possible avoid the 1% tax by using the card for remittances instead of regular cash or direct transfers. Officials say the card is easy to get, and users can deposit their cash onto it following U.S. rules. This allows immigrants to transfer money electronically while skipping the new remittance tax.

Anyone who sends money home to Mexico can apply for this card. Mexican consulates will play a key role in handing it out, offering support and information to those who need it. This effort is part of a broader strategy by the Mexican government to protect the income of workers living abroad who regularly support their families back home.

VA Priority Group 2 Explained: Who qualifies and what benefits you get

The government believes that the Paisano Card will make sending money safer, cheaper, and easier while also keeping that extra 1% in the sender’s pocket. As the remittance tax takes effect, the Paisano Card could become an essential.

Farheen Ashraf

Farheen Ashraf is a History graduate. She writes on a variety of topics, including business, entertainment, laws, poetry, stories, travel, and more. Her passion for writing has led her to explore a variety of genres.

Recent Posts

Can You Use Your EBT Card on Amazon Prime Day 2025? Here’s What You Should Know

SNAP EBT users can shop for eligible groceries on Amazon during Prime Day 2025 without…

6 hours ago

California Minimum Wage 2025: What Workers Need to Know Now

California’s minimum wage in 2025 is $16.50 per hour statewide, but many cities like San…

6 hours ago

VA Priority Group 7 Benefits: Who Qualifies and What’s Covered?

VA Priority Group 7 supports veterans without service-connected disabilities but with limited income. They get…

7 hours ago

Here’s Why the 2026 COLA Might Fail to Help Retirees Keep Up With Costs

The 2026 Social Security COLA may rise slightly, but experts warn it won’t match real…

1 day ago

Summer Food Stamps July 2025: How Much Can You Get?

Families receiving Summer Food Stamps through the SUN Bucks program can get up to $40…

1 day ago

Are Stimulus Checks Coming for July 4? Here’s What We Know

Americans may get extra money around July 4, but not from the federal government. Only…

5 days ago