BOSS Money App Helps Senders Avoid the New 1% Remittance Tax

NEWARK, N.J., Feb. 12, 2026 (GLOBE NEWSWIRE) -- A new federal excise tax on international money transfers funded with cash, money orders, or cashier’s checks went into effect on January 1, 2026. The cost of this tax, 1% of the amount transferred, will add up quickly for the millions of U.S. money transfer consumers who rely on international remittances to support loved ones overseas. Fortunately, the BOSS Money international money transfer app enables customers to avoid the tax. BOSS Money is the remittanc ...