The cost of a first-class stamp to mail Grandma a birthday card or send in your car payment will drop to 47 cents next month. Yes, that’s right, the U.S. Postal Service will be reducing the cost of mailing a standard domestic letter for the first time since the price plummeted a penny to 2 cents on July 1, 1919.
The 2-cent reduction in the current 49 cents for a first-class stamp will take effect April 10. The lower rate is part of an overall reduction in USPS rates mandated by the Postal Regulatory Commission and tied to the expiration of a 4.3 percent rate increase. It is expected to worsen the postal service’s financial condition by $2 billion, according to USPS.com.