Refunds

Claims system launches months after supreme court ruled Trump had no legal authority to impose tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxThe Trump administration began on Monday accepting applications from businesses seeking refunds for more than $166bn in tariffs, months after the supreme court ruled that the president had no legal authority to impose them.The administration launched on Monday the digital claims system, named Cape, which they said in court filings could handle about 63% of affected import filings, with the remainder to follow. Continue reading...

• U.S. Treasury Secretary Scott Bessent announced that 2026 tax filing season refunds are up more than 10% nationwide compared to last year, with working Americans poised for immediate take-home pay increases via withholding changes. • The gains stem from broader economic policies under President Trump, including Trump Accounts to expand benefits from the vibrant economy to more citizens. • This reflects efforts to return money to American workers, families, and businesses, ushering in a new era of growth amid strong IRS performance.