Supreme Court decision on tariffs might enable companies to receive more than $160B in rebate refunds.
Supreme Court Strikes Down Trump’s Tariffs In a landmark decision, the Supreme Court ruled 6-3 on Friday that a significant portion of President Trump’s tariffs were imposed unlawfully under the Emergency Economic Powers Act. The ruling could have major implications for importers and the trade landscape. The case, which included challenges from an educational toy […]
Trump and Scott Bessent Have Different Views on Tariff Rebate Checks
Bessent Responds to Trump’s Tariff Refund Promise Treasury Secretary Scott Bessent recently addressed President Donald Trump’s proposal regarding tariff refund checks. On Sunday, Trump announced via Truth Social that funds generated from tariffs would be used to provide a dividend of at least $2,000 to every American, excluding high-income earners. However, Bessent clarified during an […]
Trump’s tariff income insufficient for rebate checks: Analysis
Analysis released on Monday suggests that potential rebate checks proposed by Trump could end up costing twice as much as the revenue generated from import taxes. The president is contemplating sending out checks of “at least $2,000” to Americans meeting specific income criteria, funded by tariffs paid by U.S. importers under his administration’s policies. However, […]
IRS informs court that Arizonans do not have the right to a tax refund on family rebate
The IRS informed the appeals judge that 750,000 residents of Arizona shouldn’t receive a $20 million class refund related to federal income taxes for state tax refunds in 2023. In a recent filing with the 9th Circuit Court of Appeals, attorney Anthony Sheehan from the Justice Department argued that Arizona’s payment method is indeed taxable. […]
Tax rebate payments for NJ residents begin on Monday as deadlines approach.
New Jersey Property Tax Relief Program Update Many residents in New Jersey are opting to leave as property taxes keep climbing across the state. Beginning this week, homeowners and renters who qualify can apply for the 2025 Affordable New Jersey Homeowners and Renters Relief Program. Understanding the Anchor Program Here’s what you should know: The […]
Verify your STAR rebate status: View payment timeline for your area
Some residents of New York have already experienced benefits, while others might receive them by the end of the year. But when exactly will that happen? It’s important for many families to know when these funds will arrive. New York offers a way for homeowners to get an idea of when to anticipate tax funds, […]
Montana residents can file for a property tax rebate beginning August 15.
Montana Homeowners Can Apply for Property Tax Rebate Starting Friday HELENA – Starting Friday, Montana homeowners can request a one-time property tax rebate. During the 2025 legislative session, lawmakers approved this rebate as a temporary solution while broader tax reforms are still being planned. To qualify for the rebate, Montanans must have owned and lived […]
Trump predicts equal odds for EU trade agreement, reduced odds with Canada, and suggests a ‘rebate’ for certain Americans.
Trump’s Trade Deal Prospects with the EU and Canada During a press briefing on Friday, President Trump indicated that the United States currently has a “50-50 chance” of finalizing a trade agreement with the European Union before the August 1 deadline. However, he expressed skepticism regarding negotiations with Canada. As he departed the White House […]
Trump Mentions He’s Considering Sending Rebate Checks to Americans Funded by Tariffs
Trump Considers Tariff Revenue for American Rebates On Friday, President Donald Trump mentioned the possibility of using funds from tariffs to issue rebate checks to Americans. This comes after the U.S. government recorded a $27 billion budget surplus in June, partly due to high tariff revenues. When asked by reporters at the White House about […]
Georgia tax rebate: Officials report that 40% of refund checks have been issued
Georgia Tax Rebates Update Are you wondering about your Georgia surplus tax refund? You’re not alone in this. The Georgia Department of Revenue reports that 40% of eligible residents have received their special refunds, with agents actively working to process more checks each day. Here’s what you should know. Key Details In April, Governor Brian […]