Major shippers, including UPS, FedEx and DHL, have filed claims for tariff refunds with U.S. Customs and Border Protection (CBP), which on Monday launched a portal through which businesses can request money back for some of the import duties they had paid under the Trump administration. The companies also pledged to return money to customers who … Read more
Glitches reported in Trump administration portal for tariff refunds – CBS News Watch CBS News Some businesses navigating the Trump administration portal for tariff refunds are encountering technology glitches. CBS News’ Jo Ling Kent reports. Source link
Beginning on Monday, businesses were able to apply for refunds for President Trump’s tariffs that were later declared unconstitutional by the Supreme Court. Jo Ling Kent reports on some of the issues they’re running into. Source link
The U.S. government could be on the hook for up to $175 billion in reimbursements after the Supreme Court ruled most of the Trump administration’s sweeping tariffs were illegal. On Monday, the government is set to start processing tariff refunds for businesses that request them. Jo Ling Kent explains. Source link
IRS CEO Frank Bisignano discusses Tax Day, rising refunds and ‘Trump accounts’ for kids IRS CEO Frank Bisignano reveals average tax refunds are up more than 11% for Tax Day 2026, with over $270 billion issued. He credits the Working Families Tax Cut Act for permanent tax cuts and reducing the tax burden. Bisignano also … Read more
Treasury secretary says Americans can already see refunds as Trump’s tax breaks kick in – CBS News Watch CBS News Treasury Secretary Scott Bessent said Americans are already seeing record refunds as President Trump’s new tax breaks start to kick in. Nancy Cordes reports. Source link
Can fans get refunds after Ticketmaster ruling? – CBS News Watch CBS News A New York jury found that Live Nation and Ticketmaster have run a harmful and illegal monopoly over big venues and ticketing. Jo Ling Kent has more details. Source link
NEWYou can now listen to Fox News articles! More than 53 million tax filers used at least one of President Donald Trump’s signature tax breaks this filing season, as the average refund climbed above $3,400, according to Treasury Department data released on Tax Day. The figures mark the first filing season since the Republican-backed “Working … Read more
WASHINGTON — The U.S. economy was supposed to start the year with a bang, fueled by an unusually large jump in tax refunds from President Donald Trump’s tax cut legislation. Yet spiking gas prices are on track to eat up those refunds, leaving most Americans with little extra to spend. “Next spring is projected to … Read more
Higher U.S. gasoline prices stemming from the Iran war could effectively wipe out the fatter tax refunds many Americans are expected to collect this year, a new analysis found. Economists from the Stanford Institute for Economic Policy Research (SIEPR) estimate that the average U.S. household will spend an additional $740 on gas this year because of the jump … Read more