A new 1% excise tax on certain international money transfers from the U.S. takes effect January 1, 2026, as part of the 'One Big Beautiful Bill Act.' This tax applies to remittances sent via cash, money orders, or cashier's checks, primarily impacting non-U.S. citizens like NRIs and foreign workers. Companies processing remittances will collect the fee. Transactions made through U.S. banks or using U.S.-issued debit/credit cards are exempt, offering a way to avoid the tax.