Tariff Refund Act of 2026 amends the Internal Revenue Code to treat certain tariff revenue as an overpayment of tax.

The Tariff Refund Act of 2026 amends the Internal Revenue Code to treat certain amounts of tariff revenue as an overpayment of tax. Eligible individuals, defined as U.S. citizens not incarcerated and with specific income limits, will receive refunds. The Secretary of the Treasury must refund or credit any overpayment as rapidly as possible, using electronic payments where possible. The bill also includes provisions to prevent payments to deceased individuals and to ensure dependents of incarcerated individuals can receive payments.

Tariff Refund Act of 2026 amends the Internal Revenue Code to treat certain tariff revenue as an overpayment of tax.

The Tariff Refund Act of 2026 amends the Internal Revenue Code to treat certain amounts of tariff revenue as an overpayment of tax. Eligible individuals, defined as U.S. citizens not incarcerated and with specific income limits, will receive refunds. The Secretary of the Treasury must refund or credit any overpayment as rapidly as possible, using electronic payments where possible. The bill also includes provisions to prevent payments to deceased individuals and to ensure dependents of incarcerated individuals can receive payments.