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Treasury Secretary Scott Bessent predicted that Americans will see "gigantic" refund checks in the upcoming filing season, thanks to tax cuts in President Donald Trump's One Big Beautiful Bill Act (OBBBA). Bessent, who also serves as the acting commissioner of the IRS, made the remark during an appearance on the "All-In Podcast." The treasury secretary told the hosts that the tax provisions in the act, which Trump signed in July, applied retroactively to the beginning of the year, and because most workers did not change their withholdings, many can expect sizable refunds in 2026. "I can see that we’re gonna...

Americans should expect to be flush with cash next year, with fat tax-refund checks and more take-home pay in their pockets, says a top contender to become President Trump’s next Federal Reserve chair. “We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks,” boasted National Economic Council Director Kevin Hassett this week in an interview on FOX Business’ “Varney & Co.” “We’re expecting just that part of it alone to be worth a couple-thousand-dollar refund … the numbers are striking.” Hassett’s comments Thursday came a day...

Keep your tip-sy to yourself! Gov. Kathy Hochul is in hot water for telling parishioners at a largely black church not to buy booze with their incoming state “inflation refund” checks — with fellow pols slamming her comments as tone-deaf and “demeaning.” “It reduces whole communities to harmful stereotypes and strips away the dignity of parents and children alike,” said her estranged Lt. Gov. Antonio Delgado, who, along with Rep. Elise Stefanik (R-NY), blasted Hochul as racially insensitive. Hochul was speaking about rebate checks — which will be sent to eligible residents starting later this month through November — at...

Millions of New Yorkers will start receiving their so-called “inflation refund checks” in the fall, Gov. Kathy Hochul said Wednesday. Roughly 8.2 million households are slated to qualify for the relief payments as part of the state’s $254 billion budget plan. The direct payments of up to $400 will start going out to 8.2 million eligible tax filers starting in October and will continue through November. “Starting in October, over 8 million New Yorkers will get an inflation refund because it’s simple — this is your money and we’re putting it back in your pockets,” Hochul said in a statement.

A disgruntled Utah man smashed his car into the storefront of a dealership he had bought it from earlier that day after he was allegedly denied a refund when he discovered his new ride had mechanical issues. Michael Lee Murray, 35, bought a used Subaru Outback from the Tim Dahle Mazda Southtowne car dealership in Sandy, a city in the Salt Lake City metropolitan area, for $4,000 on Monday morning, according to Fox 13 News. However, Murray alleged that he was sold a “lemon” — a vehicle whose manufacturing issues jeopardize the driver’s safety — soon after he snagged the...

New York Gov. Kathy Hochul has proposed a one-time $300 payment to individuals earning $150,000 or less, and $500 to couples making $300,000 or less, her office announced Monday. In what would be the state’s first “Inflation Refund,” Hochul wants to send about 8.6 million New Yorkers a few hundred dollars starting in fall 2025 if approved by the legislature, an official press release stated. Around $3 billion in taxpayer funds would be allocated for the payments, which the governor called a “break” for her constituents. “Because of inflation, New York has generated unprecedented revenues through the sales tax —...

Atlanta News First reports that Atlanta taxpayers endured extensive queues outside the city’s Tax Assistance Center, but not everyone was looking for last-minute help from the IRS ahead of the April 15 tax filing deadline. The center was open Saturday with extended hours, allowed individuals to engage directly with IRS representatives regarding their refunds, but the demand to do so led to hours-long waits under the sun. A majority of the people in line had received an email or letter from the IRS stating they had to verify their identity in person. The notification went on to say their refund...

Tax refunds so far this year are noticeably smaller than they were at the same time last year, according to early data published by the IRS. The average refund check so far this year is worth $1,395 as of Feb. 2, about 29% lower compared to the $1,963 average recorded last year. That is based on nearly 2.6 million tax refunds collectively worth about $3.65 billion. However, the IRS has cautioned taxpayers the average refund amount will likely change in the coming months as more returns are processed.

Millions of Americans awaiting their refund checks could be disappointed, as early data shows that average workers are receiving 29 percent less in tax refunds from the Internal Revenue Service (IRS) this year. The average refund check through February 2 is worth $1,395, according to statistics published by the IRS on Thursday. This amount is significantly less compared to the $1,963 received on average last year. Despite the noticeable reduction in the average refund issued this year so far, the IRS does not appear alarmed, noting that the average refund amount is likely to change in the coming months. The...

America's tax debts are spiraling after the IRS put a halt to chasing payments during the pandemic. Some 18.6 million taxpayers owed the IRS $316 billion in overdue taxes at the end of 2022, up from 16.8 million owing $308 billion in September 2019. And the figures are only set to grow this year. Experts are warning that workers who have been used to getting refunds in the last few years can swing into money owed for 2024. The trend has been fueled by the end of pandemic tax relief and also a booming stock market which puts more investors...

A woman was horrified after finding a 'worm' in a sandwich she bought from a Subway outlet at The Central on July 15. Stomp contributor Li told Stomp she visited the restaurant at about 4.45pm and ordered a 12-inch chicken tandoori sub to share with her two children, aged three and five. "Subway used to be our healthier choice when we want our kids to eat vegetables," she said. "We consumed our food at around 6pm. "Close to the end of our last bite, I saw a worm wriggling. "The worm did not look like a vegetable worm, more like...

Portland, OR was one of the leading voices in the “Defund the Police” movement in the wake of George Floyd’s death. Politicians gave into the demands of like-minded rioters and activists and began cutting the budget of the city’s Bureau of Police. On its face, this should have been seen as a bad decision since the very people making the demands were rioting and damaging private and public property. So, at a time when a greater police presence was needed, city government cut back on police. The politicians gave into the demands of criminals and expected them to… what? Go...

Wednesday, during an appearance on FNC’s “Hannity,” Sen. Lindsey Graham (R-SC) argued now that the Mueller probe was in the rear-view mirror, more and more was come to light about the 2016 Clinton campaign and had left him questioning what the special counsel investigation led by former FBI Director Robert Mueller had missed. According to the South Carolina Republican lawmaker, a “refund” was warranted on the Mueller investigation.

Taxpayers hoping to treat themselves this year with their tax refund money may have to wait till next year for their reward after the IRS revealed its processing backlog is more than twice as big as it previously reported. The Internal Revenue Service is still struggling to process close to 24 million tax return filings from last year, according to a report by the Washington Post. That's more than twice as much as the 11.4 million unprocessed business and individual returns that the tax agency reported in mid-December 2021. The bureaucratic snarl threatens to delay many tax refunds for 10...

Several Republican Attorney Generals from across the U.S. have already publicly announced that their offices will be looking into whether GoFundMe violated any state laws in response to the fundraising website canceling a fundraiser for Canadian truckers and initially stating that they would send the funds to other charities.

The crowd sourced GoFundMe platform said Saturday it will automatically refund what is left of the estimated $10 million raised for the Canadian trucker convoy protesting COVID-19 vaccine mandates after Florida Republican Gov. Ron DeSantis and others threatened a fraud investigation into the operation. "The update we issued earlier enabled all donors to get a refund and outlined a plan to distribute remaining funds to verified charities selected by the Freedom Convoy organizers. However, due to donor feedback, we are simplifying the process and automatically refunding donations," the organization posted to Twitter early Saturday.

If you're a Saints ticket holder and refuse the COVID-19 vaccination or test, you'll not only be barred from entering the Superdome, but you also won't get a refund on your ticket -- i.e., follow their safety protocol or take the monetary loss.

WEST TEXAS—Outer space has returned an unwanted Amazon package that was sent to it unsolicited yesterday. According to witnesses, the package floated gently back down to earth after being rejected. Locals have asked Amazon to please "pick this thing up and bring it back to the warehouse" as no one really wants it around or knows what to do with it. If you know who ordered a giant metal gumdrop with 4 dudes in it, please call Amazon immediately.

In Naperville, Illinois, the school board announced it would distribute $10 million back to taxpayers this year. Yes. A tax refund. In a news release, Superintendent Dan Bridges told residents that he "understands the great burden many of our families have faced during the COVID-19 Pandemic and hopes that this reimbursement lessens that burden." The typical family will receive a refund of $200 to $500. Good for Naperville. The 10-month pandemic shutdown generated a savings of roughly $20 million, or about 6.5% out of a $300 million school budget. The Naperville Sun reported that the district's expenses for everything from...

The New York Times is out with a huge scoop and somehow obtained thousands of tax returns for President Trump and related entities going back “more than two decades”: The New York Times has obtained tax-return data extending over more than two decades for Mr. Trump and the hundreds of companies that make up his business organization, including detailed information from his first two years in office. It does not include his personal returns for 2018 or 2019. This article offers an overview of The Times’s findings; additional articles will be published in the coming weeks. So, who leaked it?