Businesses will soon be able to apply for refunds to some of the tariffs they have paid through a new portal set to launch next week. The online portal, called Consolidated Administration and Processing of Entries or CAPE, will be open for refund applications on Monday, April 20, U.S. Customs and Border Protection confirmed in a filing on Tuesday. The refunds are for roughly $130 billion in collected tariffs that the Supreme Court deemed illegal in February. The government could owe businesses hundreds of billions of dollars in tariffs. Importers across the country have filed thousands of lawsuits with the Court of International Trade to receive their refunds. [more]

The extent to which state tax policies influence where people choose to live, work, and build their futures has been a matter of national debate for many years. The newly released IRS migration data for 2022–2023—which show moves that occurred between when taxpayers filed their tax year 2021 returns in calendar year 2022 and when they filed their tax year 2022 returns in 2023—provides valuable clarity on this important question. While job opportunities, housing affordability, climate, and family connections remain significant drivers of mobility, tax burdens and the broader fiscal environment continue to play a substantial role in shaping decisions. [more]

Estate planning isn’t necessarily about how much you have. Instead, it’s about protecting what you’ve spent a lifetime building. You've worked for years to pay down debt, pay off your home and grow your investments and savings. A solid estate plan ensures none of that disappears in probate fees, long-term-care costs or excessive taxes. It keeps you and your spouse in the home you’ve shared for decades and makes certain your grandkids receive the inheritance you intended, not the IRS. A simple, up-to-date will, revocable living trust, powers of attorney and healthcare directives can be completed in just a few hours with the right financial advisor, and give you the peace of mind no amount of money can buy. [more]

Like trying to crack the code of wrapping a swaddle that baby won’t break out of, navigating the financial side of new parenthood can sometimes feel like a daunting task. Can’t it just wait until later, like when your baby goes to kindergarten? But like so many things financially related, the sooner you start, the bigger payoff you’ll get later. So we’ve partnered with New York Life to help you prioritize—from sorting out parental leave logistics to setting yourself up for tax season, and when to start thinking about saving for the long term, like college tuition or life insurance. [more]