1% U.S. Tax on International Money Transfers – Effective January 1st, 2026
Starting January 1, 2026, a new 1% federal excise tax will apply to certain international money transfers sent from the U.S. This development may affect individuals and businesses who frequently send funds abroad, especially through cash or money order payments. Who Is Affected? How It Works Why It Matters Even at just 1%, this tax adds a small […]
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