Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code. Already, U.S. households have received an average federal tax refund of $3,742, according to IRS data as of Feb. 27. That’s about 10.6% higher than the average refund was … Read more
Judge Richard Eaton, on a little-known trade court, is pushing the administration to pay back illegally collected tariffs—and quickly Source link
The government told the judge its system isn’t capable of processing refunds for the $166 billion in tariffs it collected. Source link
While a judge’s decision has raised hopes, it could take months before money hits anyone’s bank account. Source link
WASHINGTON — In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ were “entitled to benefit’’ from the Supreme … Read more
Companies in the U.S. that paid tariffs invalidated by the Supreme Court in February are legally entitled to refunds, a federal judge ruled on Wednesday. Judge Richard Eaton of the U.S. Court of International Trade in New York said that U.S. importers were “entitled to benefit” from the high court’s February 20 decision that President … Read more
Tax refunds are shaping up to be supersized in 2026, thanks to the “big, beautiful bill” signed into law last summer by President Trump. And many Americans already have plans for how to use that money, according to new findings from Bank of America Global Research The most common use of tax refunds — often the … Read more
FedEx is pledging to return any tariff costs it charged to customers if the Trump administration refunds the delivery company for the levies. “If refunds are issued to FedEx, we will issue refunds to the shippers and consumers who originally bore those charges,” FedEx said in a statement on Thursday. “When that will happen and the … Read more
FedEx sued the Trump administration Monday, seeking a “full refund” of all tariffs it paid the government under the overturned International Emergency Economic Powers Act. The Supreme Court ruled Friday that President Donald Trump exceeded his presidential authority when he deployed the act to impose sweeping tariffs on almost all U.S. trading partners. “Accordingly … … Read more