The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case.
Category: Rebates and Refunds
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You May Be Owed a Tax Refund From the Covid Era
A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government may appeal the decision.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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G.M.’s Profit Bolstered by a $500 Million Tariff Refund
Because of a February Supreme Court decision, General Motors said it would receive refunds on some of the tariffs it had paid.
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Tariffs Raised Consumers’ Prices, but the Refunds Go Only to Businesses
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
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Companies, Not Consumers, to Cash In Big From Tariff Refunds
Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.
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Trump Administration Takes Steps to Refund $166 Billion in Tariffs
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.
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‘I Got Back Every Penny’: Inside Trump’s Supercharged Tax Season
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.
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With Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts
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.
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Consumers Paid Tariffs on Overseas Items. Now They Want a Refund.
The Trump administration has yet to announce a process to return fees paid by companies and shoppers for tariffs now deemed illegal.
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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.
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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.