ToolsTariff Refund Calculator
Free Tool

💸 Tariff Refund Calculator

✓ Updated May 2026

Estimate your Section 122 or IEEPA tariff refund — plus CBP interest at the IRS overpayment rate. Get the correct recovery pathway based on your importer status: named plaintiff, non-plaintiff protest, USMCA exemption, or CAPE Phase 1.

Enter your entered value and tariff rate above to see your estimated refund and recommended path.
Estimates only. CBP overpayment interest is calculated at 7% annualized (IRS underpayment rate per 26 USC 6621, Q2 2026); actual rate varies quarterly. Refund eligibility depends on case-specific facts including liquidation status, USMCA documentation, and the pending CAFC appeal. Consult a licensed customs broker or trade attorney for binding guidance.
📅 Section 122 Refund Status — Where We Are
  • Feb 24, 2026: Section 122 10% reciprocal tariff takes effect (Canada and Mexico exempt under USMCA).
  • May 7, 2026: CIT in V.O.S. Selections v. Trump rules Section 122 unlawful and enjoins collection for named plaintiffs.
  • May 8, 2026: Government files notice of appeal with the CAFC.
  • May 12, 2026: CAFC grants administrative stay pausing the CIT injunction while it considers a longer stay-pending-appeal.
  • Jul 24, 2026: Statutory expiration of Section 122 (the original 150-day window).
  • Throughout: CBP continues collecting Section 122 duties on all entries pending CAFC resolution.
⚖️

Named CIT Plaintiff

Covered by the May 7 injunction. Refunds are paused while the CAFC weighs a longer stay, but you keep your spot in line and earn interest from the overpayment date.

📝

Non-Plaintiff Protest

Not covered by the injunction. File CBP Form 19 within 180 days of liquidation citing the CIT ruling and request suspension pending CAFC decision.

🇨🇦

USMCA-Origin

Goods originating in Canada or Mexico under USMCA rules of origin are exempt from Section 122. If duty was assessed in error, file a PSC or protest with the certificate of origin.

🚀

IEEPA — CAPE Phase 1

Pre-Section 122 IEEPA entries that pass CAPE validation refund via ACH in 10–14 business days. Bad bank info is the most common rejection — verify before filing.

📚 Data Sources & Methodology
Section 122 effective rate per Presidential Proclamation, Feb 24, 2026 (10% reciprocal tariff, 150-day cap under 19 USC 2132). CIT decision in V.O.S. Selections v. Trump (May 7, 2026). CAFC administrative stay order (May 12, 2026). CBP overpayment interest under 19 USC 1505(c), referencing the IRS underpayment rate set quarterly under 26 USC 6621. Protest procedure per 19 USC 1514 and 19 CFR 174. USMCA preference claims under 19 USC 4513 and HTSUS General Note 11. CAPE Phase 1 procedural details per CBP CSMS messaging.
Last verified: May 18, 2026

Frequently Asked Questions

Common questions about Section 122 and IEEPA tariff refunds

Who can claim a Section 122 tariff refund in May 2026?

After the May 7, 2026 CIT ruling that the 10% Section 122 reciprocal tariff is unlawful, named plaintiffs in V.O.S. Selections v. Trump have an immediate refund order — though the CAFC granted an administrative stay on May 12, 2026 while the appeal proceeds. Non-plaintiff importers are not covered by the injunction and must file a protective protest within 180 days of liquidation to preserve their refund claim. USMCA-origin goods from Canada and Mexico were always exempt from Section 122; if duty was assessed in error, file a Post-Summary Correction or protest with USMCA documentation.

How is CBP refund interest calculated?

Under 19 USC 1505(c), CBP pays interest on overpaid customs duties at the IRS underpayment rate set quarterly under 26 USC 6621. As of Q2 2026 the rate is approximately 7% per annum. Interest runs from the date of overpayment to the date of refund. The calculator uses 7% as a conservative annualized estimate — your actual rate may vary by quarter.

What is the difference between CAPE Phase 1 and a Section 122 protest?

CAPE Phase 1 is CBP's streamlined refund tool for unliquidated IEEPA-era entries that meet specific eligibility criteria — fast ACH disbursement (typically 10–14 business days). Section 122 protests use the traditional CBP Form 19 process under 19 USC 1514 for any importer not named in the CIT plaintiff group, and must be filed within 180 days of liquidation. The two programs cover different tariff regimes: IEEPA was the pre-Feb 24, 2026 tariff structure; Section 122 is the 10% reciprocal tariff that replaced it.

Does the CAFC administrative stay block all Section 122 refunds?

The May 12, 2026 CAFC administrative stay paused the CIT's permanent injunction while the appellate court considers a longer stay-pending-appeal. CBP continues to collect Section 122 duties from both plaintiffs and non-plaintiffs during the stay. Refunds are not being disbursed even to the named plaintiffs until the CAFC rules. However, the stay does not change the legal status of refund claims — non-plaintiffs should still file protective protests to preserve their position.

What entries qualify as USMCA-exempt from Section 122?

Goods originating in Canada or Mexico that qualify under the USMCA rules of origin are exempt from the Section 122 10% reciprocal tariff. To claim the exemption, the importer must have a valid USMCA Certificate of Origin on file and have claimed preference at entry (or via PSC within 300 days). USMCA does not exempt goods from Section 232 (steel, aluminum, copper) — those tariffs apply to Canadian and Mexican origin goods as well.

How long do I have to file a protest after liquidation?

Under 19 USC 1514, a protest must be filed within 180 days of the date of liquidation of the entry. Once an entry is liquidated and the 180-day window closes, the entry generally becomes final and no further administrative remedy is available. For unliquidated entries, importers can file a Post-Summary Correction within 300 days of the entry date.

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