News
IRS Reports Average Tax Refunds Up This Season Due to New Deductions
6+ hour, 39+ min ago (413+ words) It's officially tax season in the United States, and as Americans begin filing their taxes, the Internal Revenue Service (IRS) has indicated that millions across the country are receiving significant increases to their tax return. This marks the first tax…...
Trump Admin Says It Can’t Comply With Order To Issue Tariff Refunds
1+ day, 19+ hour ago (334+ words) The Trump administration can't immediately comply with a court order to issue tariff refunds, according to a U.S. Customs and Border Protection (CBP) official. Processing the "unprecedented volume of refunds" would require work that steers personnel away from "responsibilities that serve…...
Supreme Court decision sets up battle over tariff refunds: What to know
2+ day, 2+ hour ago (421+ words) The court's decision, however, gives no guidance. As'Justice Amy Coney Barrett'put it at oral arguments,'it's'set'to be "a mess." Here's'what to know as the process gets underway: The court's opinion'doesn't'address refunds, leaving importers'to fight'with the federal government and lower courts…...
Clinton-appointed judge orders government to begin refunding $130B in Trump tariffs after SCOTUS ruling
2+ day, 12+ hour ago (486+ words) A federal judge ordered the Trump administration on Wednesday to begin the drawn-out task of refunding billions of dollars to companies that paid tariffs the Supreme Court recently invalidated. "The Chief Judge has indicated that I am the only judge…...
Donald Trump Administration Ordered To Refund Tariffs; Over $130 Billion Owed
2+ day, 14+ hour ago (180+ words) Many American businesses will rejoice over a recent court ruling. Donald Trump has been ordered to pay out over $130 billion worth of tariff refunds to businesses across the United States. The federal judge's ruling comes amid the President's controversial decision…...
Tariff refunds won't come for weeks, Trump admin tells Clinton-appointed judge
2+ day, 15+ hour ago (669+ words) The Trump administration told a court on Friday that it needed about six weeks to come up with a system to begin the refund process for President Donald Trump's tariffs that the Supreme Court recently invalidated. A U.S. Customs and Border…...
US trade court orders tariff refunds in setback for Trump administration
2+ day, 18+ hour ago (12+ words) US trade court orders tariff refunds in setback for Trump administration'AOL.com...
Judge clears path for refunds on Trump's tariffs that the Supreme Court ruled unlawful
3+ day, 9+ hour ago (358+ words) A Supreme Court ruling recently struck down President Donald Trump's IEEPA tariffs. A federal judge on Wednesday said companies are entitled to benefit from that ruling. US Customs must recalculate duties on imports, disregarding Trump's IEEPA tariffs, per court order....
Trade court orders tariff refunds in setback for Trump administration
3+ day, 11+ hour ago (416+ words) A federal judge has cleared the way for thousands of businesses to receive refunds for tariffs that the Supreme Court struck down last month. The US Court of International Trade on Wednesday ordered Customs and Border Protection to issue refunds…...
You paid for tariffs — but you won’t get a slice of tariff refunds
3+ day, 19+ hour ago (656+ words) The government is on the hook to refund $134 billion " and counting " worth of tariff revenue collected from President Donald Trump's most sweeping tariffs, which were rendered illegal by the Supreme Court last week. How much of that will consumers, who…...