Navigating the New 1% International Remittance Fee: What U.S. Expats Need to Know
Starting January 1, 2026, a major change affects anyone sending money from the United States to a foreign country. Under the One Big Beautiful Bill Act (OBBBA), a new 1% federal excise tax now applies to certain international money transfers. While a “tax on sending money” sounds alarming, you can easily avoid this fee. The…
