Remittance Transfer Tax Calculator
Estimate the 1% federal excise tax on remittance transfers under IRC §4475. Form 720, Part I, IRS No. 155 — effective for transfers after December 31, 2025.
What is a taxable remittance transfer?
The tax targets cross-border consumer money transfers handled by remittance transfer providers — money transmitters, money services businesses (MSBs), and similar providers. The 1% applies to the amount the sender transfers, collected at the point of transfer.
What this estimator does
- Applies the flat 1% statutory rate to your total taxable transfer volume
- Gives a period-level estimate of collected tax to deposit and report
- Does not adjust for any exemption or refund you may be entitled to claim
Read the full remittance transfer tax filing guide for who collects it, deposit timing, Schedule A, and 2026 penalty relief.
Remittance Transfer Tax Calculator
Enter the total taxable remittance transfers you collected for the period. The tax is 1% of the amount transferred.
Estimated 1% Remittance Tax
$0.00
Estimate only · Form 720 Part I, IRS No. 155
Frequently asked questions
How much is the remittance transfer tax?▼
The tax is 1% of the amount of each taxable remittance transfer, under IRC §4475 (enacted by the One Big Beautiful Bill Act of 2025). It is reported on Form 720, Part I, IRS No. 155.
Who collects and remits the 1% tax?▼
The remittance transfer provider that handles the transfer collects the 1% tax from the sender at the time of the transfer and remits it to the IRS on Form 720. The sender pays it; the provider is responsible for collecting, depositing, and filing.
When did the remittance transfer tax take effect?▼
The tax applies to remittance transfers made after December 31, 2025. The first affected filings fall on the 2026 Form 720 quarters.
Are EFTPS deposits required?▼
Yes. IRS No. 155 is a Part I tax subject to the semimonthly deposit rules, so collected amounts are generally deposited via EFTPS and reconciled on the quarterly Form 720 with Schedule A. The IRS has signaled penalty relief for good-faith 2026 deposits — confirm current guidance before relying on it.
Ready to file your Form 720?
EasyFile720 covers all 60+ Form 720 excise tax categories with auto-calculated 2026 rates and IRS-authorized e-file submission.