Tax Day is here, but the expanded Child Tax Credit hasn't materialized
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
The 2021 child tax credit expansion positively impacted poverty rates in the United States during the pandemic. CBS News' Lana Zak is looking at the new benefits behind a proposed plan expansion, which would incrementally increase funds for qualified parents.
One analysis said bipartisan deal in Congress would boost the tax credit for 16 million children, lifting some out of poverty.
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
The deadline to submit your taxes is Tuesday. Mark Steber, a senior vice president and chief tax information officer at Jackson Hewitt Tax Service, joined "CBS News Mornings" with tips for last-minute filers and advice for making the process go as smoothly as possible.
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
Some Americans, especially those who don't pay taxes, may still be due some pandemic money, a government report says.
A new report from the Fed shows that 76% of Americans surveyed at the end of 2021 did not think that the U.S. economy was doing good; however, 78% said they were individually doing at least okay financially.
April 18 is the deadline for most Americans to file their tax returns. Rebecca Walser, president of Walser Wealth Management, shares tips for navigating filing this year, including advice for those who received a child tax credit or dabbled in the stock market.
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Nearly 4 million more U.S. children are living in poverty since the monthly checks ended in December, research shows.
The House passed a short-term funding extension to avoid a government shutdown which now heads to the Senate. CBS News congressional correspondent Scott MacFarlane joined CBS News' Tanya Rivero and Nancy Chen with the latest on getting the extension to President Biden's desk and other legislative priorities.
Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.
In this MoneyWatch report, millions of Americans are set to bet on Super Bowl LVI. The Justice Department has seized billions of dollars in stolen Bitcoin. And Americans should know about some big money-saving tax credits. CBS MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" with a breakdown.
The Biden administration is encouraging parents to file their taxes in order to receive the second half of the Child Tax Credit, which was part of the American Rescue Plan earlier in the pandemic. CBS News' Skyler Henry reports, and then CBS News reporter Sarah Ewall-Wice joins "Red and Blue" anchor Weijia Jiang with more details.
Families who received monthly payments in the second half of last year can still get up to $1,800 for children younger than 6 and $1,500 for children ages 6 to 17 as part of their refund.
The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" on the first day of tax season to discuss what Americans need to know when filing their taxes this year. She addresses specifics about the Child Tax Credit, stimulus payments, unemployment benefits and free resources for tax prep.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
A diver failed to resurface on Sunday after diving near a World War II-era shipwreck off the coast of Florida, officials said.
French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.
"CBS Mornings" co-host Gayle King is a grandmother again!
A diver failed to resurface on Sunday after diving near a World War II-era shipwreck off the coast of Florida, officials said.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.
All three victims were tortured and killed before their bodies were put into a 2010 Dodge Charger, authorities said.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Amazon's self-driving robotaxi unit Zoox is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists.
The vast coin collection of a Danish butter magnate is finally set to go on sale a century after his death and could fetch up to $72 million, its auction house says.
Workers at the first Apple Store to unionize, outside Baltimore, have now also authorized a first strike against the tech giant's retail operations.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
On this "Face the Nation" broadcast, Secretary of State Antony Blinken and Sen. Tom Cotton join Margaret Brennan.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
A team was deployed to search for the critically endangered cat after a man was found dead with wounds indicating a tiger attack.
Thousands of people in Georgia are worried about what they see as their government's effort to let the Caucasus nation "slowly become Russia."
The town's mayor warned residents who haven't evacuated may "find that the resources that they need are gone" if they fail to leave before the Parker Lake Wildfire arrives.
In the 20 years after her elimination from "American Idol," Jennifer Hudson has gone on to EGOT winner and host of a successful talk show, which was renewed for a third season.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
Writer, director, and actor John Krasinski declared his latest film, "IF," is his most personal project to date.
Harlan Coben is the author of over 30 suspense novels. He has over 80 million books in print worldwide. He is out with his next book called "Think Twice." Coben joins "CBS Mornings" to talk about what inspired writing "Think Twice" and why he decided to bring back his very popular character, Myron Bolitar.
EGOT winner Jennifer Hudson joins "CBS Mornings" to discuss the renewal of "The Jennifer Hudson Show" for a third season and its four Daytime Emmy nominations.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Climeworks, a Swiss pioneer in the fast-growing field of CO2 capture and storage, launches operations at a new site on a dormant volcano.
All three victims were tortured and killed before their bodies were put into a 2010 Dodge Charger, authorities said.
Lorenzo Prendini allegedly tried to take about 1,500 samples out of the country, news outlets reported.
The town's mayor, Rafael Vargas, called the attack "a terrible violent act."
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
The 66-year-old suffered an eye injury but is expected to be OK. CBS New York's Ali Bauman reports.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
CBS News 24/7 anchor Anne-Marie Green recently spoke with Parents magazine about what a typical week in her life looks like as a journalist and the mom of a tween. Take a look at some of the highlights.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Former President Donald Trump blamed President Biden for his legal issues while speaking at a campaign rally in New Jersey on Saturday. Meanwhile, during a private fundraiser outside Seattle, President Biden reportedly called Trump unhinged. CBS News campaign reporter Olivia Rinaldi has more.
Jury selection is underway in the federal corruption trial for Sen. Bob Menendez of New Jersey. The Democrat and his wife are accused of accepting gold bars and other gifts as bribes in exchange for favors for foreign governments. Menendez has denied any wrongdoing. CBS News New York reporter Christina Fan and CBS News congressional correspondent Scott MacFarlane have more.
Over the weekend, the U.S. leveled some of its strongest criticism yet of Israel's actions in Gaza, with U.S. Secretary of State Antony Blinken telling "Face the Nation," "In certain instances, Israel acted in ways that are not consistent with international humanitarian law." CBS News senior White House correspondent Weijia Jiang has more on the diplomatic relationship between the two countries.