Financial knowledge for Mongolians living in the US
Made for Mongolians living in the US
News, courses and official government links in one place. Plain-language basics of taxes, retirement, investing and personal finance.
This is an education site — we don't prepare tax returns or give investment advice.
Free course
A 5-day email course in Mongolian — one short lesson a day.
2026–2027
FBAR is automatically extended to October 15. You can extend the time to file — but not the time to pay.
News
Updated monthly. Sign up below to get it by email.
All newsThe government puts a one-time $1,000 into accounts for U.S.-citizen children born 2025–2028 who have an SSN. Accounts opened automatically, but you still have to claim yours and elect the $1,000 on Form 4547.
4 min readSince January 1, 2026, transfers abroad paid with cash, a money order or a cashier's check carry a 1% tax. Transfers funded from a bank account or a US-issued card are exempt.
3 min readYou can put up to $24,500 into a 401(k) for 2026 ($32,500 if you're 50 or older). IRA: up to $7,500 — and you have until April 15, 2027.
4 min readInfo
Every article starts with a short answer, cites official sources and shows when it was last updated. Articles are in Mongolian, with key terms in English.
Courses
Short lessons, real examples, worksheets. Watch on your phone or computer.
All coursesSSN, banking, credit score, payroll withholding, retirement savings — what every newcomer needs.
Start free Video8 lessonsW-2, 1099, deductions, credits, refunds — Form 1040 line by line.
Coming soon Video10 lessons401(k), IRA, Roth IRA, Social Security — when, how much, and which account.
Coming soonCalculators
Simple calculators and data for the questions Mongolians ask most. Nothing you enter is saved or sent anywhere.
The fee, the exchange-rate markup and the 1% tax in one place.
Cash, money orders and cashier's checks carry the 1% tax. Pay from a bank account or a US-issued card and it doesn't.
Paid from a bank account or a US-issued card — no 1% tax.
Example rates — enter today's Mongolbank rate. An estimate, not advice. About the 1% tax
Mongolians in the US, by the numbers: where people live, income and homeownership in one dashboard.
Source: Pew Research Center, ACSCalculators give estimates — not tax or investment advice.
In the age of AI
ChatGPT and other AI tools answer fast, but sometimes miss things or use old numbers. Check in three steps:
My mother in Mongolia gave me $120,000. Do I owe tax on it?
Official resources
IRS, Social Security, the State of California and Mongolian government services — what each one is for, in plain words.
All linksWatch out for scams. The IRS first contacts you by mail. It doesn't make first contact by email or social media, and never asks for payment with gift cards. If in doubt, check your IRS Online Account.
Mongolia ↔ America
A bridge of knowledge for people living between two countries.
About
Many Mongolians in the US find it hard to read tax, retirement and investing information written in English legal language. This site explains it in Mongolian, in plain words, based on official sources.
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We can't give advice for your personal situation. Don't include your name, SSN or account details.
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