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The IRS is cracking down on a tax loophole for wealthy taxpayers
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
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The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
After years of abject performance, the tax agency is finally making significant strides — no, really.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Taxes for older Americans can be complicated — here's what to keep in mind as the April 18 filing deadline nears.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
"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.
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Geared primarily towards low-to-middle income, working individuals and families, the Earned Income Tax Credit (EITC) is a federal benefit able to provide relief to those who meet specific criteria, by reducing the amount of tax owed and by increasing the amount of tax monies refunded, as determined after filing. Both single and married people can benefit from EITC, regardless of whether or not they have children or other dependents.
It's easy to make a mistake on your taxes, especially if you are a new business owner or running a small business. Before you file, dot your i's and cross your t's by making sure to use the correct tax forms.
TurboTax, the country's most popular do-it-yourself tax preparation software, said Friday that it has temporarily stopped processing state tax returns because of an increase in fraudulent filings.
The IRS keeps asking for their 2010 taxes and the couple keeps sending the paperwork in. Now they're at risk of losing the credit for the $920 dollars they paid Uncle Sam that tax year.
Experts recommend using some type of guidance to navigate forms and maximize your returns.
The IRS expects 75 percent of all 2012 returns will get a refund, so if you haven't started preparing your taxes yet, do it.
The Internal Revenue Service is moving to seize 23 properties, including vacation homes in Lake Tahoe and Maui, as part of an investigation into fraudulent billing practices against a casino-operating Indian tribe in Northern California.
The chief executive of a New York payroll company has been sentenced to 6 1/2 years in federal prison for stealing $17 million from Sacramento County and another $3 million from two corporate clients.
Taxpayers will get an extra three days to file their federal tax returns this year, and they can thank the nation's capital for the extra time.
A Northern California man is accused of trying to have sex with minors at a fake hotel party in Los Angeles, prosecutors announced Thursday.
Mountain lion sightings and attacks on livestock continue to be at the top of the mind in the foothills, leaving community members still pleading for something to be done.
A recent law enforcement retail theft operation at a Target store in Sacramento County led to 50 people being arrested or cited, authorities said Thursday.
The University of California Board of Regents are banning employees from posting political statements on the homepages of university websites, saying such comments could be interpreted as the university's official view.
A driver was arrested for attempted murder after a motorcyclist was hit struck by an SUV in Folsom on Tuesday night, police said Thursday.
Sutter Health Park in West Sacramento will be the A's home next year. Some big name teams are coming to visit.
Weeks after the City of Sacramento said it was cracking down on illegal backyards, CBS13 has learned it has not even started taking any action.
A longtime Land Park area restaurant that once got national recognition will be saying goodbye at the end of the month.
After a short stint of mild and seasonable weather in Northern California, our weather pattern is about to take another hot turn.
A Northern California man is accused of trying to have sex with minors at a fake hotel party in Los Angeles, prosecutors announced Thursday.
Weeks after the City of Sacramento said it was cracking down on illegal backyards, CBS13 has learned it has not even started taking any action.
We got a look at some newborns on display at the Sacramento Zoo and how a baby boom there could help protect some species from extinction.
A man and child died in a fire at an apartment complex in south Sacramento, officials said Monday.
On this first day of the Republican National Convention, Donald Trump supporters are in solidarity like never before.
Thousands of music fans braved the heat to help celebrate the opening of a new outdoor Sacramento concert venue. Here's a look at the site and what's being done to keep people cool.
A new team of young volunteers is being trained to help reduce the threat of wildfires and respond when they grow out of control.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
Banking services from Patelco Credit Union halted following a ransomware attack have been mostly restored although questions about customers' personal information remained.
Convicted murderer Scott Peterson is back in court on Tuesday in a new effort to prove his innocence.
California Gov. Gavin Newsom has signed a law barring school districts from passing policies requiring schools to notify parents if their child asks to change their gender identification.
The Athletics have announced their 2025 regular season schedule, giving fans a game plan for the incoming spectacle of MLB games at Sutter Health Park.
Mayor Anne Hidalgo declared the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Lindsey Harding, the coach of the year last season with the Sacramento Kings' G League affiliate, is joining JJ Redick's coaching staff with the Los Angeles Lakers, ESPN first reported Tuesday.
A new artificial turf surface at the Oakland Athletics' temporary home in Sacramento will have a hydration element because of summer heat at the open-air ballpark.
A person familiar with the negotiations tells The Associated Press that star wide receiver Brandon Aiyuk has requested a trade from the San Francisco 49ers because the two sides haven't made progress on a new deal.
The University of California Board of Regents are banning employees from posting political statements on the homepages of university websites, saying such comments could be interpreted as the university's official view.
Many questions remain about the possible motive and political views of the 20-year-old who tried to assassinate former President Donald Trump.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
CBS News is fact checking statements made by GOP speakers on the third night of the 2024 RNC. Vice presidential nominee JD Vance is slated to address the RNC.
At least 36 have been hospitalized after eating the mushroom "edibles."
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
14 students from a Tokyo high school were rushed to a hospital after eating chips marketed as "so spicy that they might cause you pain."
A UC Davis researcher spoke about what causes heart failure, what fixes it, and how that could be different for men and women.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
The Sears department store in Stockton, a longtime staple of the community, will be closing next month.
Neighbors in Sacramento's Land Park say that in the battle over retail theft statewide, law enforcement officials and retail giant Target have worked to clean up a store location on Riverside Boulevard that had become overwhelmed by crime.
A new California law is designed to protect consumers against excessive or undisclosed costs on purchases. However, Gov. Newsom signed a last-minute exemption for the restaurant industry.
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
Popular restaurant chain Rubio's Coastal Grill announced it was shuttering dozens of locations across the state, and now employees say they are having trouble cashing their final paychecks.
It was an emotional day in court for many who lived through the shootout and Abril's later escape.
Instead of facing trial for attempted murder, the Pasadena doctor accused of trying to kill his wife and kids by driving their Tesla off a cliff was released on Monday.
Emails obtained by CBS News California Investigates reveal the Governor's Chief of Staff did not want to negotiate with the initiative coalition unless they agreed to postpone their ballot measure until 2026.
Amid concerns that some felony defendants could be misusing California's Mental Health Diversion Court to have their violent crimes dismissed, a CBS News California investigation found that there is no reliable data to indicate how successful the state program is.
In response to a CBS News California Investigation, California lawmakers are demanding answers from Caltrans and considering legislation to fix Caltrans' damage claim process.
Sizzling hot temperatures are cooking much of the Sacramento Valley and Northern California this week, so it is only natural to reach for the thermostat to flip on your air conditioner for some cooling and comfortable relief.
Laura Allen says after months of trying to get her father's military service records from the Veterans Administration, she still didn't have them.
At least one DoorDash customer says he will only use the delivery app when he is hungry - and not for electronics.
As more and more Americans struggle to save money these days, we found a 45-day challenge to save $1,000.
The SUV was supposed to be shipped from Idaho to Yuba City within three days. The dealer kept changing the delivery date, blaming a shipping issue. With his baby's due date approaching, Deandre Hobbs grew impatient.
Jessie Fischer's Airbnb rental off Highway 140 was one of those homes flattened by the fire on the Fourth of July.
The Pay Fire in El Dorado County that broke out Saturday afternoon got dangerously close to multiple neighborhoods, but firefighters were able to stop it from destroying any homes.
Firefighters are battling a 168-acre fire that was reportedly started by an escaped campfire found by hikers in the Tahoe National Forest on Sunday evening, officials said.
As crews make progress on the Pay Fire in El Dorado County, local downtown businesses said they feel lucky the situation wasn't much worse.
All evacuation warnings were lifted Monday for a fire that sparked over the weekend near Placerville.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
A celebration at Sacramento Charter High on Thursday as college-bound seniors announced their campus of choice and 95% were accepted into four-year schools.
A bank employee in Lodi has some big bragging rights. He's never missed a day of work in his 47 years on the job and now he's getting ready to retire.
Meet Frannie the dog, Instagram's newest fitness influencer.
A Yuba City mom started a baseball team for kids with physical and intellectual disabilities after finding her 11-year-old son with Down Syndrome didn't have anywhere to play.
Here's a look at the weather forecast Thursday evening.
California Department of Fish and Wildlife continues to try to get rid of giant swamp rats but the numbers keep growing.
Mountain lion sightings and attacks on livestock continue to be at the top of the mind in the foothills, leaving community members still pleading for something to be done.
Here is a look at the next seven days of weather!
The statewide Creative Corps pilot program is the result of a recommendation from the governor’s economic and jobs recovery task force. From the 2021-2022 state budget, $60 million has been invested in the California Arts Council to create a program aimed at employing and deploying local artists in a meaningful way.