Trump, tax refund
Digest more
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.
In a complaint submitted Friday, the retailer said it is seeking a "full refund" of duties it paid after Trump levied tariffs.
Wholesale giant Costco has filed a lawsuit against the Trump administration for a "full refund" on import duties the company says it paid this year under global tariffs imposed by President Donald Trump.
Costco is one of the largest companies to sue for possible refunds if the Supreme Court strikes down the new import duties.
Governor Hochul secured the Inflation Refund Check initiative in the FY 2026 State Budget, setting aside $2.2 billion to help New Yorkers manage rising costs. Over the past two months, checks of up to $400 have been sent to eligible taxpayers.
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.
The discount retailer, a big importer, wants the U.S. government to stop imposing tariffs until the Supreme Court weighs in on the legality of Trump's executive orders.
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.
The wholesale retail giant sued the federal government to ensure it will receive a “complete refund” on import duties if the Supreme Court rules against the president’s sweeping tariffs.
6hon MSN
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.