IRS has recovered $1.3 billion in unpaid taxes from rich Americans
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Each presidential candidate is proposing significant changes to the tax code. Here's who would win and lose.
Project 2025, the plan from the conservative think tank Heritage Foundation, aims to overhaul several portions of the federal government. Some of the proposed changes include a restructuring of the tax code. Howard Gleckman, senior fellow at the Urban Institute, joins CBS News to examine the plan's potential impacts and practicality.
The Supreme Court upheld a Trump-era tax on foreign earnings Thursday. In a 7-2 ruling, justices said the policy, which imposes a one-time tax on Americans with shares of foreign companies, is constitutional. CBS News legal contributor Jessica Levinson unpacks the decision.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
President Biden was pitching his tax plan in his hometown of Scranton, Pennsylvania, on Tuesday. The president argued everyone needs to pay their fair share. CBS News chief White House correspondent Nancy Cordes has the details.
The tax filing deadline for most Americans is April 15. Pratik Patel, head of family wealth strategies for BMO Family Office, joined CBS News with some helpful advice to avoid common filing mistakes.
Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Tax season is officially underway. The Internal Revenue Service says they're anticipating more than 146 million individual tax returns to be filed by the April 15 deadline. CBS News business analyst Jill Schlesinger shares some useful tax tips for filers.
The Supreme Court heard arguments Tuesday in a case that could scramble the tax code. CBS News legal contributor and Loyola Law School professor Jessica Levinson joins to unpack what's at stake.
High-income people in cities such as New York and San Francisco can save up to $200,000 a year by migrating to Miami, study finds.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
In some cities, the milestone income falls way short of a six-figure lifestyle, a SmartAsset analysis shows.
What happens if you don't pay your taxes correctly or on time? David Ragland, certified financial planner and CEO of IRC Wealth, joins CBS News' Errol Barnett and Lana Zak with his insight.
Some households could get a typical refund of almost $1,000 by filing their tax returns for 2019, tax collector says.
The tax deadline is just one week away. Richard Rubin, U.S. tax policy reporter from The Wall Street Journal, joins CBS News to discuss last-minute tips, how the IRS notifies filers of any issues and the status of the IRS' backlog.
By one estimate, roughly 70% of Americans worry about tax refunds this year, mainly because of expiring pandemic relief programs.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
Over half of tax filers expect to receive refunds. Here's how to use that money to offset rising costs of everyday items.
The richest Americans often use trusts and other legal tax dodges to pass their wealth to their heirs tax-free, lawmakers say.
Everything you need to know about TurboTax before the 2023 tax deadline.
Some small business owners could be in for a shock this tax season. Rebecca Walser, a tax attorney and president of Walser Wealth Management, joins CBS News's Elaine Quijano and Jericka Duncan with more.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Here's everything you need to know about filing your federal income taxes in 2023.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Dnipro bears the brunt of Moscow's first retaliatory strike after Ukraine fires U.S.-made missiles into Russia, and Ukraine claims Moscow may have used an ICBM.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
A woman told police she was sexually assaulted in 2017 by Pete Hegseth, according to a detailed, newly-released police report. He is now President-elect Trump's choice for defense secretary.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
As record travelers prepare to fly for Thanksgiving, here's what to know about transporting food through TSA checkpoints.
Kaiden Francis was a freshman basketball player from Fort Lauderdale, Florida, and had recently passed multiple health screenings.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
As record travelers prepare to fly for Thanksgiving, here's what to know about transporting food through TSA checkpoints.
McDonald's wants to make dining at its restaurants affordable for customers again with new value offerings.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
McDonald's wants to make dining at its restaurants affordable for customers again with new value offerings.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
As millions of Americans get ready to hit the road ahead of the Thanksgiving holiday, Sheetz is offering a deal on fuel.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
An Alabama prisoner convicted of the 1994 murder of a female hitchhiker is slated Thursday to become the third person executed in the U.S., and Alabama, by nitrogen gas.
A woman told police she was sexually assaulted in 2017 by Pete Hegseth, according to a detailed, newly released police report. He is now President-elect Trump's choice for defense secretary.
Conspiracies persist, although it is effectively impossible to steal a major election in the United States.
CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the latest on bird flu as new cases raise alarms among health officials. There have been 53 confirmed human cases across seven states this year. Health officials in California are reporting a possible case in a child who had no known contact with an infected animal.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Florida sued the FDA over what it said was a "reckless delay" in approving its drug importation plan. Now, nearly a year after the FDA gave the state the green light, the program has yet to begin.
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
The amulet was found during an ongoing excavation project in Hadrianopolis, an ancient city near Karabük, Turkey.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Dnipro bears the brunt of Moscow's first retaliatory strike after Ukraine fires U.S.-made missiles into Russia, and Ukraine claims Moscow may have used an ICBM.
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Making his feature directorial debut, Malcolm Washington brings August Wilson's Pulitzer-winning play to the screen with help from his father, Denzel Washington and sister, Katia.
Ahead of the sequel's release, Connie Nielsen joins "CBS Mornings" to talk about stepping back into the world of Ridley Scott's epic saga and her character's emotional journey.
After overcoming years of personal struggles, Grammy winner Shelby Lynne is back with her first album in years. She tells Anthony Mason why her return to recording came as a surprise, even to her.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
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.
A study found that Elon Musk is the most common celebrity used in deepfake scams.
SpaceX successfully launched its Super Heavy-Starship rocket from Texas for its sixth test flight Tuesday with its CEO Elon Musk and President-elect Donald Trump looking on. CBS News correspondent Jason Allen has more on the launch.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
The U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Former leaders and climate experts have issued a letter calling the U.N.'s annual climate meeting "no longer fit for purpose." Recently, CBS News spoke with U.S. Energy Secretary Jennifer Granholm about the summit and what the incoming Trump presidency means for clean energy and climate change. The conversation took place before the president-elect made his pick for energy secretary.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
A judge on Wednesday found Jose Ibarra guilty on all 10 counts in the murder of University of Georgia student Laken Riley. Ibarra was sentenced to life in prison without the possibility of parole.
Edward Kelley distributed a "kill list" and videos containing images of FBI employees to another person as part of his "mission," prosecutors say.
A judge Wednesday found a Venezuelan migrant guilty on all counts in the murder earlier this year of Georgia nursing student Laken Riley. He was sentenced to life in prison without the possibility of parole. Manuel Bojorquez has the latest.
Bryan Kohberger is charged with four counts of first degree murder in the 2022 stabbing deaths of four University of Idaho students.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A Louisiana judge has put a pause on the state's plan to have the Ten Commandments posted in public school classrooms. CBS News reporter Kati Weis has more on that and details on a vote to include bible teachings in Texas' K-5 curriculum.
Lawyers for Colin Gray, the father of accused school shooter Colt Gray, entered a not guilty plea Thursday on behalf of their client. The older Gray is accused of giving his son the high-powered rifle allegedly used to kill two students and two teachers at Georgia's Apalachee High School in September. CBS News national correspondent Manuel Bojorquez has more.
The Illinois Supreme Court has overturned actor Jussie Smollett's conviction for staging a fake hate crime. Smollett had claimed he was the victim of a racist and homophobic attack in January 2019.
At least two people are dead and widespread power outages are being reported from the bomb cyclone storm that hit the Pacific Northwest this week. CBS News Sacramento reporter Sakura Gray has the latest on the storm and CBS News Philadelphia meteorologist Kate Bilo has a look at the forecast.
President-elect Donald Trump's pick for attorney general, Matt Gaetz, is facing a tough road in his confirmation process as calls continue for the release of a House Ethics Committee report on sexual misconduct allegations against the former congressman. NOTUS political reporter Reese Gorman joined CBS News to discuss what the confirmation process could look like for Gaetz.