GM anticipates a substantial $500M tariff refund following the Supreme Court’s decision to eliminate the levies.
GM Anticipates Tariff Refunds Following Supreme Court Decision General Motors is looking at a potential $500 million in tariff refunds after the Supreme Court invalidated several of President Trump’s significant tariffs. This positive news has improved GM’s outlook for 2026. The company shared on Tuesday that it now predicts pre-interest and tax profits to range […]
Average tax refund has increased by 11.3%, IRS filing data reveals
Average Tax Refunds Rise Significantly This Season The average tax refund this season has increased by 11.3% compared to the same period last year, based on IRS filing data leading up to tax day. As of April 17th, the average refund for individual filers stands at $3,275, a sizable jump from last year’s $2,942. About […]
Recent IRS filing data indicates the average tax refund has increased by 11.2%.
The average tax refund this season is 11.2% higher than in 2025, based on the latest data from the IRS. As of April 10th, the average refund for individual filers was reported to be $3,397, which is an increase from $3,055 last year. This data includes around 114 million individual returns, with expectations that about […]
Furniture store 1StopBedrooms in NYC agrees to refund customers in a $350K settlement
A furniture retailer based in Brooklyn has decided to pay up to $350,000 to settle claims that it misled customers regarding refunds. There might be a chance for you to receive some compensation. New York State Attorney General Letitia James announced this development on Tuesday, following numerous complaints about severe delivery delays, unexpected cancellation fees, […]
Summary: IRS reports average tax refund is nearly $3,500 this year
Tax Refunds and Recent Events This year’s tax refunds are on the rise, though they haven’t reached the levels anticipated by the Trump administration, according to the IRS chief during a Senate hearing. While he’s addressing unpaid taxes, the focus is also on the current tax season. As the deadline for filing taxes approaches, the […]
Florida has the highest average tax refund in the US at $4,433, according to a report.
Last-Minute Tax Tips as Deadline Approaches As the deadline to file 2025 tax returns looms, CPA and TurboTax expert Lisa Greene-Lewis offers valuable last-minute advice for taxpayers. Many Americans will find their refunds this year to be larger, on average, compared to last year. A recent analysis reveals that the estimated average refund in 2026 […]
Democrats urged to refund Swalwell PAC contributions following assault claims
Democratic incumbents and hopefuls for the House and Senate are now under pressure from Republicans to return donations they received from Eric Swalwell, a Democratic representative who recently faced serious sexual assault allegations and subsequently withdrew from the California gubernatorial race and resigned from Congress. Swalwell’s campaign took a hit on Friday after multiple accusations […]
Average tax refund is 11% greater, recent IRS filing data reveals
Tax Refunds Rise This Season The average tax refund this season has increased by 11.1% compared to the same period last year, based on recent data from the IRS. As of April 3rd, the average amount for individual filers reached $3,462, up from $3,116 last year, according to a report from the IRS on Friday. […]
Tariff refund portal will initially struggle to handle a third of requests
When the new online system is implemented, the U.S. government won’t be able to handle around one-third of its customs duty refund requests, which amount to about $55 billion, a recent court filing revealed. The situation follows a February ruling by the Supreme Court that invalidated significant portions of President Trump’s tariffs, leaving the refunds […]
IRS staffing has decreased by 27% this year. Here’s what that means for your tax refund.
This year’s tax season brings some changes, notably under the One Big Beautiful Bill Act (OBBBA). However, you might find that your refund takes a bit longer to arrive this time around. The IRS is set to have 27% fewer employees by 2026 compared to last year, which could slow down the processing of around […]