![irs-sign.jpg](https://assets2.cbsnewsstatic.com/hub/i/r/2023/02/04/55447c47-4ce1-4048-9099-c930ca9bc83e/thumbnail/640x360/949902f51327247d1395165f81547501/irs-sign.jpg?v=57e8061b2038d609da26e467de5ddfb8#)
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.
Watch CBS News
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.
It was standing room only for Monday's induction ceremony where, one by one, the very first Mountain House City Council was sworn in to begin their official incorporated duties.
A Sacramento County couple are one of hundreds of families defrauded by their surrogacy escrow company.
At least one DoorDash customer says he will only use the delivery app when he is hungry - and not for electronics.
The Bay Area is where it all began for the former San Francisco Giants 1st-round pick Hunter Bishop. However, Bishop's path to professional ball was anything but normal.
As more and more Americans struggle to save money these days, we found a 45-day challenge to save $1,000.
A Sacramento County couple are one of hundreds of families defrauded by their surrogacy escrow company.
Of the 12,000 customers PG&E warned of possible power shutoffs, several hundred impacted homes are in rural Yolo and Solano Counties in the greater Sacramento area.
The utility has alerted Yolo County and several other Northern California counties about a potential Public Safety Power Shutoff to help prevent a wildfire.
It was standing room only for Monday's induction ceremony where, one by one, the very first Mountain House City Council was sworn in to begin their official incorporated duties.
At least one DoorDash customer says he will only use the delivery app when he is hungry - and not for electronics.
The Bay Area is where it all began for the former San Francisco Giants 1st-round pick Hunter Bishop. However, Bishop's path to professional ball was anything but normal.
From one capital city to another, the Supreme Court ruling handed down Friday would allow cities like Sacramento to implement civil punishments to eliminate homeless encampments.
Sacramento will now have more enforcement power over the homeless in public places. With the Supreme Court ruling, homeless individuals could face fines, charges or jail time if they don't comply with city guidelines.
A Sacramento high school girls robotics team is fresh off their trip to the championships, placing fifth internationally. The St. Francis High School Team was excited to return home to a new robotics lab on campus.
Sacramento County received more than 1,500 complaints over fireworks last year. Now, there is a new push to stop illegal fireworks at the border before they are ever brought into California.
From down under to flying high above wildfires, an Australian aircrew has been hired by California to help in fire attacks this year.
Nearly a half-million members of Patelco Credit Union, with branches across the Bay Area and Northern California, lost access to banking services following what the CEO called a "serious security incident" over the weekend.
Several new California laws have gone into effect as of July 1, 2024, ranging from tenant security deposits being capped to hidden fees being banned and requiring bars to offer date rape drug testing kits.
With just hours to spare, Democratic legislators announced Sunday night an agreement on a Prop 47 reform initiative they plan to put on a ballot.
California lawmakers have unveiled two bond measures that would go to voters in November.
The Bay Area is where it all began for the former San Francisco Giants 1st-round pick Hunter Bishop. However, Bishop's path to professional ball was anything but normal.
Beloved Golden State Warriors guard and legendary Splash Brother Klay Thompson will be headed to Dallas as part of a multi-team sign-and-trade deal, according to reports.
The Netherlands Volleyball Federation says Steven van de Velde has shown "self-insight and reflection" since his 2016 conviction for raping a 12-year-old.
Matt Chapman homered and drove in three runs and the Giants hit a season-high 10 doubles to rout the Dodgers 10-4 on Sunday.
Brandon Pfaadt pitched six innings of one-run, ball helping the Diamondbacks beat the Oakland A's 5-1 on Sunday.
Former President Trump is trying to overturn his recent felony conviction in the New York "hush money" criminal case.
The Supreme Court's landmark decision ruled that Trump is immune from prosecution for official acts he took while in office.
The Supreme Court on Monday ruled that former President Donald Trump is entitled to immunity from federal prosecution for official actions he took while in office.
Border Patrol processed approximately 84,000 migrants in June, the lowest monthly level since President Biden took office.
Usher accepted the lifetime achievement award at the 2024 BET Awards, and Will Smith debuted a single as he continued his comeback from slapping Chris Rock at the Oscars two years ago.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
"We can serve payers very effectively from the footprint that remains," CEO Tim Wentworth says of the coming Walgreens closures.
Almost 400 water systems serving nearly a million Californians don't meet state requirements for safe and reliable drinking water supplies.
Ice cream maker Totally Cool said the recalled products could be tainted with listeria, which can cause serious and sometimes fatal infections.
Nearly 7 million Americans live with Alzheimer's, a disease that's not only tough on the patient but also on their family. CBS13 has one family's story and message they have for others going through the same thing.
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.
As insurance companies drop more California homeowners over the state's fire risk, some are predicting the next crisis is a drop in home values.
Phyllis Simmons died months after the solar panels were installed.
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.
A CBS News California investigation finds Caltrans only approved 1 out of every 25 damage claims from potholes and debris in the first half of 2023.
Caltrans is denying more freeway damage claims, approving fewer than 10% over the last five and a half years. How many have they approved in your county and which highways are the worst?
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.
The California DMV expanded its digital services so you can take care of business without going into a branch office.
As insurance companies drop more California homeowners over the state's fire risk, some are predicting the next crisis is a drop in home values.
From down under to flying high above wildfires, an Australian aircrew has been hired by California to help in fire attacks this year.
The forward progress of a fire in El Dorado County that forced people to evacuate their homes on Saturday afternoon has been stopped and all evacuation orders and warnings have been lifted.
Firefighters are working on a grass fire that quickly spread to four acres and is threatening structures on Saturday afternoon.
The forward progress of a fire near the Corral Fire burn scar in San Joaquin County has been stopped after burning 100 acres on Thursday afternoon.
This year's fire season has some officials worried following last year's unusually low fire activity.
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.
A Sacramento nonprofit is teaming up with a local credit union to give back so seniors can safely do basic tasks like bathing or exercising. Those lending a helping hand are also a group of seniors.
It was standing room only for Monday's induction ceremony where, one by one, the very first Mountain House City Council was sworn in to begin their official incorporated duties.
The feds are investigating the company accused of stealing millions from parents just like this Fair Oaks couple.
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 Sacramento River Cats outfielder is one step away from fulfilling his dreams of playing in the MLB. But his journey to this point hasn't been easy.