I have a student loan in my home country (India) and I am trying to send money back to India,every month. Would it be taxable after a certain limit?

[kxt220]

If it is taxable, is there a way I can waive it?

[Critter]

Movement of cash is not an income tax situation and is not reported on an income tax return.

[kxt220]

<a rel="nofollow" target="_blank" href="https://www.compareremit.com/money-transfer-guide/tax-implications-when-making-an-international-mone...>

the information in here says after 14000$ it would be taxable, is it legit?

[Opus 17 · Accepted solution]

 Money sent overseas to pay your bills is never taxable income and has no tax implications at all.   In addition, you may be able to take the student loan interest deduction on your US tax return if you can document how much of the payment is interest. I don't think the interest deduction requires that the  lender be a US lender, but we might want to double check that. 

 The rules for gifts are that if you make a gift of more than $14,000 per year per person, you must file a gift tax return to report it.  However, no gift tax is actually owed until your lifetime gift amount is more than $5.4 million. The gift tax return is used to track your gifts  against your lifetime exemption. 

 But since this is a bill, the gift tax rules don't apply.