Here's what to know about Trump's pick to lead the IRS, Billy Long
President-elect Donald Trump wants former lawmaker and auctioneer Billy Long to replace IRS Commissioner Danny Werfel.
Internal Revenue Service
IRS increases pension and retirement plan contribution limits for 2025
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
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.
Freed Americans may still face IRS penalties
The Americans freed in a historic prisoner swap with Russia will likely face challenges as they return to ordinary life, including automatic IRS penalties. Diane Foley, president and founder of hostage advocacy group the Foley Foundation, joins CBS News to discuss the bill sitting in Congress to address the tax issue.
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.
You may owe the IRS on Monday — skipping it could cost you hundreds
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
Here's how to track the status of your 2024 tax refund
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.
Last-minute tax tips
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.
Maximizing your tax refund
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.
Congress running up against partial shutdown
Congress has until the end of Friday to reach a deal to avoid a partial government shutdown. If lawmakers fail to do so, funding for several departments, including Homeland Security and the IRS, will run out. CBS News congressional correspondent Scott MacFarlane has the latest on where talks stand.
IRS says it has a new focus for its audits: Private jet use
The IRS said it will begin dozens of audits on businesses' private jets and whether executives use them for personal reasons.
IRS expects to collect billions more in unpaid and overdue taxes
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.
Tax filing tips that will make filing easier
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.
CPA's tips for maximizing your tax refund
The end of the year means it's time to start looking ahead to tax season. Dan Geltrude, certified public accountant, joins CBS News to share steps you can take now to set yourself up for an easier time come April.
Breaking down Hunter Biden's tax charges
An indictment unsealed late Thursday accuses Hunter Biden, the president's son, of a four-year scheme to avoid paying more than $1 million in taxes to the IRS. CBS News senior investigative correspondent Catherine Herridge reports. Then, former Trump attorney Timothy Parlatore joins to unpack the case.
IRS whistleblowers on Hunter Biden probes
This week, two IRS whistleblowers in the Hunter Biden investigation testified behind closed doors on Capitol Hill and new documents were released by the GOP-led House Ways and Means Committee. CBS News senior investigative correspondent Catherine Herridge spoke with the whistleblowers.
Hunter Biden indicted on federal tax charges
Federal prosecutors have charged Hunter Biden, President Biden's son, with tax crimes in a nine-count indictment. CBS News senior investigative correspondent Catherine Herridge reports.
Hunter Biden charged with federal tax crimes
Federal prosecutors have charged Hunter Biden, President Biden's son, with nine tax crimes, according to an indictment unsealed Thursday in the Central District of California. CBS News chief political analyst John Dickerson anchors special coverage.
IRS workers testify in Hunter Biden probe
Two IRS whistleblowers in the Hunter Biden investigation testified behind closed doors on Capitol Hill this week. CBS News senior investigative correspondent Catherine Herridge has the details.
House's Israel bill lacks support in Senate
The $14.5 billion military aid package for Israel passed in the House of Representatives Thursday is not expected to be considered by the Senate. CBS News congressional correspondent Scott MacFarlane reports on what this means for Israeli and U.S. priorities in the Middle East.
Whistleblower's lawyer on Biden-IRS lawsuit
Hunter Biden has filed a lawsuit against the IRS alleging privacy violations. The complaint cites an IRS whistleblower's interview on CBS News as well as with other outlets. CBS News senior investigative correspondent Catherine Herridge reports.
Hunter Biden sues IRS over privacy concerns
Hunter Biden is suing the IRS, claiming the agency illegally disclosed his tax return. The lawsuit cites an interview an IRS supervisor did with CBS News. Biden's filing also says proper safeguards were not in place to ensure confidentiality.
What's next for Hunter Biden after deal snafu
The federal judge overseeing the Hunter Biden case raised questions Wednesday about the terms of a plea agreement made in June between Biden's lawyers and federal prosecutors. Without the judge's stamp of approval on the deal, the president's son pleaded not guilty to two misdemeanor tax charges. CBS News senior investigative correspondent Catherine Herridge joined with details from inside the Delaware courthouse.
Filing taxes jointly? Here's what name order says about your marriage.
A first-of-its-kind study finds strong correlations between married couples' name order, their finances and social views.
GOP leaders seek special counsel probe into Hunter Biden whistleblower claims
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
Gaetz ethics report says his drug use, sex with a minor violated state laws
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Who are the 3 federal death row inmates whose sentences Biden didn't commute?
President Biden left in place the capital punishment sentences of just three federal inmates: Robert Bowers, Dzhokar Tsarnaev and Dylann Roof.
Luigi Mangione pleads not guilty to state murder, terrorism charges
Luigi Mangione pleaded not guilty Monday to state charges in the murder of UnitedHealthcare CEO Brian Thompson.
Prosecutor drops appeal to reinstate "Rust" charges against Alec Baldwin
The appeal asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
6 key takeaways from the Matt Gaetz ethics report
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
Greenland's leader says "we are not for sale" after Trump suggests U.S. takeover
President-elect Donald Trump also seemed to suggest the Panama Canal should belong to the United States.
Bill Clinton hospitalized for "testing and observation" after developing fever
Former President Bill Clinton remains in "good spirits," a spokesman said.
NYC police charge man with murder of woman set on fire on subway
Sebastian Zapeta, 33, was charged with murder and arson after a woman sleeping on the New York City subway was set on fire and died, police say.
Biden commutes sentences of 37 of 40 federal death row inmates
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
U.S.
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Prosecutor drops appeal to reinstate "Rust" charges against Alec Baldwin
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
How a Georgia county official stood up to a Russian ransomware ring
The Russian-based ransomware syndicate LockBit took responsibility for the cyberattack, which temporarily crippled the Georgia county's online infrastructure.
Here's what to know about the Corporate Transparency Act ruling
The Corporate Transparency Act, or CTA, requires businesses to register with FINCEN, or face fines. Here's what to know.
Denzel Washington gets minister's license at Harlem church
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Bill Clinton hospitalized for "testing and observation" after developing fever
Former President Bill Clinton remains in "good spirits," a spokesman said.
MoneyWatch
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Here's what to know about the Corporate Transparency Act ruling
The Corporate Transparency Act, or CTA, requires businesses to register with FINCEN, or face fines. Here's what to know.
Dairy farmers struggle to cover expenses as American appetites change
The work never ends on a dairy farm. The job is "rewarding spiritually, not always financially," New York farmer Nate Chittenden says.
Starbucks strike expands to more cities just days before Christmas
Starbucks baristas and Amazon delivery drivers are on strike in handful of U.S. cities as they seek wage increases.
Nordstrom to go private in $6.25 billion deal with Nordstrom family
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal.
Walmart accused of illegally opening costly accounts for drivers
Walmart and Branch Messenger, a payments platform, accused of deceiving workers about pay from retailer for two years.
Politics
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Bill Clinton hospitalized for "testing and observation" after developing fever
Former President Bill Clinton remains in "good spirits," a spokesman said.
Ex-D.C. police officer convicted of lying about leaks to Proud Boys leader
A retired police officer in the nation's capital has been convicted of lying to authorities about leaking confidential information to the leader of the Proud Boys extremist group.
Who are the 3 federal death row inmates whose sentences Biden didn't commute?
President Biden left in place the capital punishment sentences of just three federal inmates: Robert Bowers, Dzhokar Tsarnaev and Dylann Roof.
Read the full Matt Gaetz ethics report
The House Ethics Committee has released its long-awaited report on allegations of misconduct by former Rep. Matt Gaetz. Read the full report here.
6 key takeaways from the Matt Gaetz ethics report
The House Ethics Committee released its highly anticipated report on former Rep. Matt Gaetz, detailing allegations of sexual misconduct, drug use and obstruction. He denies wrongdoing.
HealthWatch
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HealthWatch
How to stay healthy during holiday gatherings
Seasonal illnesses are increasing just days away from the holidays. The CDC reports positive flu tests are up 9% in the most recent week and cases of whooping cough are six times last year's rate. Dr. Susannah Hills, an ear, nose and throat specialist at Columbia University Medical Center, explains how to stay safe.
Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Are you contagious? Here's when you're most likely to spread COVID, flu, RSV
How long are you contagious after getting COVID, flu, RSV, pneumonia and more? Here's what to know to keep others safe this holiday season.
CDC releases concerning new flu numbers
Thirteen states reported "high" or "very high" levels of flu-like illness last week, according to the U.S. Centers for Disease Control and Prevention. That's double the number of states from the week before. Ali Bauman reports.
A teen's misdiagnosis led to medication, but surgery led to a cure
Isaac Klapper was 10 years old when he started having episodes of what doctors initially thought was a movement disorder.
World
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Photos show well-preserved remains of baby mammoth found in Siberia
Yana is estimated to have been only about one year old when she died. She weighs more than 397 pounds and measures about 4 feet and 200 centimeters long.
Legendary drug lord deported to Colombia after release from U.S. prison
Fabio Ochoa arrived at Bogota's El Dorado airport on a deportation flight on Monday, wearing a grey sweatshirt and carrying his personal belongings in a plastic bag.
Burt, the famous croc from "Crocodile Dundee" movie, dies in Australia
Burt, the iconic Saltwater crocodile that appeared alongside Paul Hogan and Linda Kozlowski in the hit movie, was believed to be more than 90 years old.
Greenland's leader says "we are not for sale" after Trump suggests U.S. takeover
President-elect Donald Trump also seemed to suggest the Panama Canal should belong to the United States.
Australia approves extradition of former U.S. Marine
Former U.S. Marine Corps pilot Daniel Duggan will be extradited from Australia to the United States over allegations that he illegally trained Chinese aviators.
Entertainment
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Prosecutor drops appeal to reinstate "Rust" charges against Alec Baldwin
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
Denzel Washington gets minister's license at Harlem church
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Burt, the famous croc from "Crocodile Dundee" movie, dies in Australia
Burt, the iconic Saltwater crocodile that appeared alongside Paul Hogan and Linda Kozlowski in the hit movie, was believed to be more than 90 years old.
Meet the man behind Bergdorf Goodman's iconic holiday windows
This year's holiday displays at Bergdorf Goodman honor Fifth Avenue's bicentennial and will be on display through Jan. 6.
Samara Joy on new album, family tour
Samara Joy, the 25-year-old jazz sensation and three-time Grammy winner, joins "CBS Mornings Plus" to talk about her new album "Portrait" and her holiday tour with family.
Technology
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Technology
Researchers develop robot to help people walk
A robotic exosuit may seem like science fiction, but a team of South Korean researchers is turning the concept into reality. CBS News' Leah Mishkin explains how the new tech is helping people with disabilities walk on their own.
Holiday shoppers on the lookout for big TVs
TVs are some of the most popular items to fly off store shelves during the holidays. But this year, experts say shoppers are going bigger than ever. CBS News' Jeff Wagner explains.
How AI powered robots are helping small farms
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.
Health care AI, intended to save money, requires expensive humans
Despite the hype over artificial intelligence in medicine, the systems require consistent monitoring and staffing to put in place and maintain.
Why drone hysteria has taken off
Alleged drone sightings have been multiplying exponentially, with more than 5,000 reported in the past few weeks. But experts say the majority of reports about unusual lights in the sky are probably anything but drones.
Science
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What to know about the winter solstice, 2024's shortest day
The 2024 winter solstice, the shortest day of the year, happens on Saturday, Dec. 21, and is marked with traditions and celebrations around the world.
Class-action lawsuit over plastic recycling
This week a group of plaintiffs in Missouri, Kansas, California and Florida filed a class-action lawsuit against dozens of companies and organizations, claiming they've falsely promoted how easy it is to recycle plastics. CBS News Los Angeles climatologist Marina Jurica has the details.
Why fish, birds and other animals yawn too, according to an expert
Humans aren't alone when it comes to yawning — all vertebrates do it. But why? An expert explains the likely reason behind this "evolutionarily ancient" act.
Americans coexisted with 4-ton sloths for millennia, research shows
Early Americans may have spent millennia sharing prehistoric savannas and wetlands with enormous beasts, research shows.
EPA tackling pollution in at-risk communities
The Environmental Protection Agency under President Biden created a new Office of Environmental Justice that seeks to address pollution levels in disadvantaged and marginalized communities. However, there is concern that the incoming Trump administration could do away with the new department. David Schechter reports.
Crime
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Prosecutor drops appeal to reinstate "Rust" charges against Alec Baldwin
The appeal had asked the court to reinstate charges, including involuntary manslaughter, against Alec Baldwin.
CEO murder suspect pleads not guilty in state case
Luigi Mangione pleaded not guilty to murder and terrorism charges in New York state court Monday. Prosecutors allege he shot and killed UnitedHealthcare CEO Brian Thompson in the back and leg in Manhattan earlier this month. Lilia Luciano has more.
Legendary drug lord deported to Colombia after release from U.S. prison
Fabio Ochoa arrived at Bogota's El Dorado airport on a deportation flight on Monday, wearing a grey sweatshirt and carrying his personal belongings in a plastic bag.
Mangione lawyer concerned about fair trial
The man accused of killing UnitedHealthcare CEO Brian Thompson remains behind bars after pleading not guilty to murder and terrorism charges Monday morning in New York. Luigi Mangione's lawyer argues that the multiple state and federal investigations conflict with his right to a fair trial. CBS News correspondent Lilia Luciano reports.
NYC police charge man with murder of woman set on fire on subway
Sebastian Zapeta, 33, was charged with murder and arson after a woman sleeping on the New York City subway was set on fire and died, police say.
Space
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Discovery of "tipped over" black hole surprises NASA scientists
New analysis techniques and decades-old research helped NASA scientists identify an unusual black hole in a distant galaxy.
Why are the Boeing Starliner astronauts stuck in space?
Here's why NASA astronauts Suni Williams and Butch Wilmore are stuck, but not stranded, at the International Space Station after launching into space in June.
NASA delayes return date for astronauts
NASA has delayed the return date for Boeing's Starliner astronauts Butch Wilmore and Suni Williams. CBS News' Manuel Bojorquez reports on the decision to keep the two in space.
NASA leader weighs in on Elon Musk, SpaceX and plans for moon rocket
NASA Administrator Bill Nelson says he's optimistic the Trump administration will support the space agency's agenda.
Boeing Starliner crew's return delayed again
Two astronauts who have been stuck in space since June will have to wait until at least the end of March to come home after NASA on Wednesday again pushed back their return date. Derrick Pitts, chief astronomer for the Franklin Institute, joined CBS News to discuss what's causing the delays.
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Scott Peterson case: New evidence?
Peterson's death sentence for the murder of his pregnant wife Laci has been overturned. Now his supporters are pushing for a complete retrial.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Texas couple investigates teen daughter's unusual death
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Summer music heats up 2024
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.
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Latest CBS News Videos
Elusive Chicago pizza maker has altruistic motive
Once a month, a pie slinger in Chicago sells pizza out of a truck in an alley. His thin crust pizza is so popular, it usually sells out within minutes — raising plenty of dough for a good cause. Charlie De Mar reports.
How a Georgia official took on a ransomware ring
2024 could go down as the worst year yet for ransomware attacks, in which hackers gain access to a computer server, lock up all the files and then demand payment to get the victims back online. For "Eye on America," Ash-har Quraishi has the inside story of how a public official in Atlanta stared down some of the world's most destructive cybercriminals.
How Israel pulled of its exploding pagers plot
CBS News' "60 Minutes" got an inside look at how Israel pulled off one of the most daring and sophisticated intelligence operations in history. In the so-called pager plot, devices worn by members of the Hezbollah militia were turned into miniature bombs. Lesley Stahl spoke with two recently retired Israeli agents who spent years masterminding the plan.
What's in the Matt Gaetz House ethics report?
Just before leaving Washington, D.C., for the holidays, the House Ethics Committee released a long-awaited and damning report on the conduct of former Florida Congressman Matt Gaetz. Scott MacFarlane has the latest from Capitol Hill.
Biden commutes sentences of 37 death row inmates
With less than a month to go in his term, President Biden granted executive clemency to 37 of the country's 40 federal death row inmates. The move reduces their sentences to life without the possibility of parole and makes them immune to President-elect Trump's promise to resume federal executions. Ed O'Keefe has more.