Category: Rebates and Refunds

Trump Administration Takes Steps to Refund $166 Billion in Tariffs

The New York Times – Business:
The government debuted a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.
‘I Got Back Every Penny’: Inside Trump’s Supercharged Tax Season

The New York Times – Business:
The law Republicans passed last year has so far been largely imperceptible to most Americans. That’s changing as tens of millions file their taxes this spring.
With Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts

The New York Times – Business:
President Trump’s war in Iran has raised some costs just as many Americans are starting to see savings from last year’s tax cuts.
Consumers Paid Tariffs on Overseas Items. Now They Want a Refund.

The New York Times – Business:
The Trump administration has yet to announce a process to return fees paid by companies and shoppers for tariffs now deemed illegal.
Your Tax Refund Could Be Taken if You’ve Defaulted on Student Loans: What to Know

Millions of people are at risk of the government’s seizing their refunds to pay what is owed on student loans.
Trump Dangles Cash Payments to Assuage Affordability Concerns

With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
Tax Tips for Those Who Haven’t Filed Their 2024 Returns

Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.
What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers

How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.
You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund

The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.
Jeffrey Epstein’s Estate Got a $112 Million Tax Refund

The estate’s assets have swelled to $145 million, a probate court filing in the U.S. Virgin Islands shows. Much of that won’t make its way to Mr. Epstein’s victims.
Drugmakers Paid PBMs Not to Restrict Opioid Prescriptions

Drugmakers including Purdue Pharma paid pharmacy benefit managers not to restrict painkiller prescriptions, a New York Times investigation found.
Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.

Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.