Costco sues Trump for $18 billion tariff refund
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Intuit’s TurboTax estimates that taxpayers could receive up to $1,000 more per refund next year, according to Lisa Greene-Lewis, a certified public accountant and tax expert at the company. This year, refunds for TurboTax customers averaged more than $3,000, in line with Internal Revenue Service historical averages, she said.
Trump announces record tax refunds coming for Americans as One Big Beautiful Bill Act provisions take effect, promising the largest refund season ever in 2026.
The inflation rebate checks New York issued are up to $200 in value for single state tax filers and $400 for joint filers, based on income reported in 2023. Due to this, dead New Yorkers who filed a 2023 state tax return often still had inflation refund checks sent to their address.
Trump justified his sweeping tariffs by calling the U.S. trade deficit a “national emergency.” Costco’s suit alleges his signature economic policy is unlawful.
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Wolfspeed: Meme stock or turnaround in the making? Does this $700 million refund change anything?
Wolfspeed has finally received nearly $700 million in tax refunds set aside for the company through the CHIPS Act. The new funding improves Wolfspeed's financial position and makes it more likely that additional governmental help could arrive at some point. Wolfspeed's business is posting big losses, and the company has a big gross-margin problem.
The Port Washington facility, which went bankrupt three times in 10 years, will only repay about one-third of the $121.4 million owed in entrance-fee refunds.
Tax changes in 2026 could mean smaller tax refunds next year. Learn key updates — from brackets to credits — and how to prepare to keep more of your money.
The money strengthens the chipmaker’s balance sheet post-bankruptcy and accelerates the production ramp of its 200-millimeter wafers.