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NASDAQ:FOX 6 December 2025

IRS Issues Nationwide Warning as Trump Promises Record Tax Refunds: What the ‘Big Beautiful Bill’ Means for Your 2026 Tax Return

IRS Issues Nationwide Warning as Trump Promises Record Tax Refunds: What the ‘Big Beautiful Bill’ Means for Your 2026 Tax Return

The IRS will stop issuing most paper tax refund checks after September 30, 2025, moving to electronic payments under an executive order. Taxpayers without direct deposit information may face a six-week delay for paper refunds. The Trump administration claims the 2026 filing season will bring record refunds under the new OBBBA law, though economists warn of possible inflation risks.

Stock Market Today

  • Stock Futures Slide Amid Fed Hold, Trump's Iran Warning; Micron and FedEx in Spotlight
    March 19, 2026, 12:02 PM EDT. U.S. stock futures declined Thursday following overnight drops as the Federal Reserve held interest rates steady at 3.50%-3.75%. The Fed cited persistent inflation despite steady economic growth and sluggish job gains. Initial jobless claims fell to 205,000, underscoring tight labor markets. President Trump warned Iran against striking Qatar's LNG infrastructure, prompting calls from President Macron for an immediate halt to energy infrastructure attacks. Treasury yields rose, with the 10-year note at 4.28%. Shares of Micron Technology showed strong price momentum, while FedEx edged lower ahead of earnings. Constellation Energy gained slightly after announcing a sale of generation assets. Guardian Pharmacy shares dropped after proposing a share offering. Market focus remains on geopolitical risks and Fed policy amid volatile energy markets.
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