Sending money abroad will cost more for some, starting in 2026

The US Treasury Department has proposed new rules for an excise tax on money sent out of the country. This means certain individuals and companies that send money internationally will have to pay an extra fee.

This proposed tax adds a new cost to sending money from the US to other countries. It will affect people who regularly send money to family abroad, as well as businesses that rely on international transfers. The tax is set to begin in 2026, giving affected parties time to adjust their financial planning.