Remittance tax alert: Transfers abroad will cost more starting 2026

Series Episode 17 | One Big Beautiful Bill

Sending Money Abroad? Get Ready for the New Remittance Tax!

Starting in 2026, the One Big Beautiful Bill introduces a 1% remittance tax on certain money transfers sent outside the U.S.

What’s changing

If you send cash, money orders, or cashier’s checks to another country, you’ll now pay a 1% tax.
For example: sending $1,000 in cash means an extra $10 in tax.

Good news
Bank transfers or payments by credit/debit card are not affected.

This change mainly impacts those who send money frequently to family or for business abroad.

Want to understand how this tax might affect your finances or business?
Schedule a consultation with Leader CPA for strategic guidance.