Starting next year, the United States will impose a 1% tax on cash remittances; digital asset transactions will be considered separately.

According to the latest news, the U.S. government will officially launch a new cross-border remittance tax measure on January 1, 2026. Under this policy, all cross-border transfers made via cash or physical payment tools will be subject to a 1% tax, collected and remitted by the remittance service providers.

Who Needs to Pay This Tax

The scope of this tax policy is quite broad, covering U.S. citizens, residents, and all related parties sending money overseas. However, it is worth noting that this measure is associated with the “Big and Beautiful” tax reform plan implemented by the Trump administration, reflecting a stricter approach to capital flow regulation.

Which Remittance Methods Are Exempt from Tax

Not all cross-border transfers will be taxed. If you choose to transfer directly through a bank account, or use traditional financial tools such as debit cards or credit cards, these transactions are not within the scope of the new tax and can completely avoid the 1% fee. This means that for those relying on formal banking channels, the actual impact is relatively limited.

The Ambiguous Area of Crypto Asset Transfers

For cross-border transfers involving cryptocurrencies and stablecoins, tax analysts generally believe these transactions should not be classified as taxable remittances. However, since the specific implementation details are not yet fully confirmed, digital asset holders should closely monitor official announcements to accurately determine whether they are affected by the new tax policy.