News
Supreme Court tariff decision: U. S. Customs has new deadline for companies seeking refunds
3+ mon, 1+ week ago (485+ words) There is a new deadline for U. S. importers to file for electronic refunds if the Supreme Court rules President Donald Trump's IEEPA tariffs are illegal. U. S. Customs published details of a new electronic refund process on Jan. 2, established as part of a…...
Your tax refund could be smaller than expected this season. Here's why
4+ week, 1+ day ago (509+ words) With the federal tax deadline less than one month away, tax refunds are higher on average compared with last year, but the change has been smaller than some early projections. In a'January release, the White House said average tax refunds…...
Bessent says to adjust your paycheck withholding " but mistakes could trigger a tax bill, experts caution
1+ day, 21+ hour ago (515+ words) After filing your2025 tax return, there's plenty of time for 2026 changes that could improve your situation for next season, experts say. One option could be updating your paycheck withholding " for a bigger or smaller refund " which can be tricky, according to…...
Not everyone can expect a bigger tax refund this year " what's actually driving your result
2+ week, 6+ day ago (1789+ words) As Americans receive their tax refunds this spring, some are seeing a sizable windfall from last year, while others are getting only a few hundred dollars' difference " and the reasons may not be immediately clear to them. President Donald Trump…...
Judge orders U. S. Customs to process refunds on illegal Trump tariffs
1+ mon, 2+ week ago (566+ words) A U. S. trade court judge on Wednesday ordered the government to begin paying potentially billions of dollars in refunds to importers who paid tariffs that the Supreme Court said last month were collected illegally. Judge Richard Eaton of the U. S. Court of…...
Nearly 1 in 5 eligible filers miss this 'valuable' tax credit, IRS says " how it can boost refunds
1+ mon, 2+ week ago (509+ words) The earned income tax credit, or EITC, is a tax break for low- to moderate-income workers, which increases based on family size. It's a fully refundable credit, which means certain filers can receive the full amount, even with zero taxes…...
Trump administration faces first big tariff refund court deadline on Friday
1+ mon, 2+ week ago (325+ words) The Trump administration's Department of Justice is nearing its first big legal deadline in the wake of the U. S. Supreme Court ruling that President Donald Trump's tariffs issued under the International Emergency Economic Powers Act are illegal. The DOJ needs to…...
Fed Ex sues U. S. seeking full refund of Trump tariffs days after Supreme Court ruling
1+ mon, 3+ week ago (116+ words) The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal. Federal Express on Monday sued the U. S. government, seeking a "full refund" of the money the…...
Trump's quashed tariffs: Congressional Democrats seek to force refunds
1+ mon, 3+ week ago (464+ words) A group of Senate Democrats released legislation on Monday that would mandate refunds of tariffs paid under President Donald Trump's higher duties that the Supreme Court struck down on Friday. The legislation, led by Sen. Ron Wyden of Oregon, Jeanne…...