Money-Transfer

Money & Movement: The new US 1% transfer tax — and the simple way around it

Since January, cash remittances out of the US carry a 1% federal tax. Digital and card-funded transfers do not.

The 1% Cash Tax Is Live. If You Still Hand Over Cash, You're Paying It.

The 1% cash remittance tax is live — and easy to avoid

*The U.S. federal excise tax on cash-funded international transfers has been live since January 1. Funding the same transfer from a bank account or card avoids it entirely.*