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BOSS Money App Helps Senders Avoid the New 1% Remittance Tax
Globenewswire· 2026-02-12 13:30
Core Insights - A new federal excise tax of 1% on international money transfers funded with cash, money orders, or cashier's checks took effect on January 1, 2026, impacting U.S. consumers who rely on remittances [1] Group 1: Tax Implications - The 1% tax will significantly increase costs for millions of U.S. money transfer consumers who support family overseas [1] - The tax applies only to cash-based transfers, allowing digital transactions to avoid this fee [2] Group 2: BOSS Money App Features - BOSS Money app enables users to send money internationally without incurring the new tax by using debit cards or bank accounts [2] - The app is designed to provide low rates, transparent pricing, and secure technology, enhancing user experience [3] - BOSS Money has received over 110,000 five-star reviews, indicating high customer satisfaction [4] Group 3: Service Overview - BOSS Money offers fast, secure, and reliable money transfers from the U.S. and Canada to various regions including Latin America, the Caribbean, Africa, and South Asia [5] - The service includes multiple payout options such as cash pick-up, mobile money, and direct deposits to bank accounts and debit cards [6] - BOSS Money provides features like real-time transfer tracking, bilingual support, and a referral program that rewards users for successful referrals [6]