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Internal Revenue Service

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How wealthiest Americans pay little in taxes

Nonprofit investigative journalism organization ProPublica obtained never-before-seen IRS information and found the 25 richest Americans sometimes paid little or no federal income taxes. That includes Warren Buffett, Elon Musk, Michael Bloomberg and Jeff Bezos, the richest person in America. CBS News correspondent Elise Preston reports on reaction to the report, and Robert McClelland, a senior fellow with the Tax Policy Center, joined CBSN to discuss.

Jun 9, 2021
07:33

Child tax credit written on a paper. Financial concept.

Millions of families could soon get Child Tax Credit payments

The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.

Jun 9, 2021

Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, laughs during an interview at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington

Richest Americans paid almost nothing in income tax: Report

ProPublica analyzed a "vast trove" of IRS tax data on Jeff Bezos, Warren Buffet and other billionaires.

Jun 9, 2021

Tax Refund Check and Hundred Dollar Bill

How Biden plans to collect $700 billion from wealthy tax cheats

The administration wants to spend $80 billion at the IRS, which it estimates could help the agency close a $7 trillion tax gap in the next decade.

May 20, 2021

Still filing taxes? Here's how to speed your refund

Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.

May 17, 2021

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Still waiting for a tax refund?

Monday, May 17 is the deadline to file 2020 income taxes, after the IRS pushed back the deadline due to the coronavirus pandemic. Many people who have already filed are still waiting for their refunds. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.

May 17, 2021
07:41

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What to know if you haven't yet filed your taxes

The deadline to file taxes in the U.S. is Monday, May 17. Mark Steber, Chief Tax Information Officer at Jackson Hewitt Tax Service, spoke with Lana Zak on CBSN about what you need to know before you file, and the tax credits you should consider.

May 15, 2021
08:47

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Former IRS chief endorses Biden's tax plan

Fred Goldberg, a former IRS commissioner who also served as assistant treasury secretary for tax policy, joined CBSN to discuss an op-ed he and other former commissioners recently wrote in The Washington Post. The op-ed argues President Biden's tax proposal "would restore our tax administration system to make it far fairer and more effective."

May 13, 2021
12:24

Illustration of the federal stimulus payment check from the IRS on keyboard

Here's how to track your third stimulus check

IRS said it delivered some 165 million payments worth about $388B, with an additional 1 million arriving this week.

May 12, 2021

United States Internal Revenue Service, IRS, Check and Corner of Envelope

IRS is holding millions of tax returns, delaying refunds

People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.

May 6, 2021

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Millions of tax refunds delayed

The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate Service, an independent arm of the tax agency that looks out for consumers' interest. Some taxpayers are fretting on social media about weeks of waiting for their money. CBS News Moneywatch reporter Aimee Picchi joins CBSN AM to talk about the delays.

Apr 26, 2021
07:11

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IRS set to start sending monthly child tax credit payments in July

Officials say their next challenge is making sure low-income families know they are eligible.

Apr 15, 2021

Senate Confirmation Hearing Held For Charles Rettig To Become Internal Revenue Service Commissioner

IRS head says as much as $1 trillion in taxes goes uncollected

The Biden administration is looking to crack down on tax evasions.

Apr 13, 2021

April 15: Get ready to pay up if you owe quarterly taxes

Officials face pressure to delay as small business owners, freelancers and gig workers prepare for the first quarter deadline.

Apr 13, 2021

Why your "plus-up" stimulus check adjustment might fall short

The IRS warns some people might not get what they expect. Here's why supplemental stimulus payments may fall short.

Apr 9, 2021

What the IRS tax deadline extension means for you

CBSN takes a look at the pros and cons of waiting to file now that the government has moved the deadline until May 17th. We'll also look ahead to what taxpayers should be doing in 2021 to help offset their tax burden as the economy makes an expected recovery.

Apr 6, 2021
04:49

Social Security recipients to get stimulus checks on April 7

About 30 million people who rely on Social Security have been angered by delays in the $1,400 checks.

Apr 2, 2021

People standing in line at Job and Training Fair

Unemployed people who overpaid taxes to get refunds in May

If you filed taxes before Congress passed a law that exempted unemployment benefits, the IRS will automatically refund the overpayment.

Apr 1, 2021

Some taxpayers are still waiting on the IRS to finish 2019

A new report warns the backlog will have a "significant impact" on taxpayers.

Mar 31, 2021

Some Social Security recipients desperate for latest stimulus checks

"To me, 'shortly' is two to three days, not two weeks," one retiree said as he awaits the latest round of government cash.

Mar 30, 2021

Woman wiping dust from shelf and other furniture in living room

IRS says face masks and hand sanitizer are tax deductible

Personal protective equipment to curb spread of COVID-19 also covered under flexible spending accounts, agency says.

Mar 26, 2021

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30 million seniors face stimulus check delays, lawmakers say

After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.

Mar 25, 2021

IRS says more stimulus checks will land on March 24

Tax agency says many payments will be sent in the mail. Some Social Security recipients say they're still waiting.

Mar 23, 2021

IRS warns monthly Child Tax Credit checks may face delays

Tax break was expanded through $1.9 trillion stimulus bill. But IRS is swamped with tax filings and stimulus checks.

Mar 20, 2021

What's behind rising unemployment rates?

This week's jobs report shows a jump in new unemployment claims after several months of decline. Bankrate senior economic analyst Mark Hamrick joins CBSN to explain the latest spike and how President Biden's stimulus package may reverse the trend.

Mar 18, 2021
05:24

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Trump threatens to impose sweeping new tariffs on Mexico, Canada and China

He said he'd do it to help crack down on illegal immigration and drugs. Economists say such tariffs could dramatically raise prices on everything from gas to autos.

10H ago

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Judge dismisses charges against Trump in D.C. election case after Smith request

Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.

3H ago

Special counsel seeks to end bid to revive documents case against Trump

Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.

3H ago

White Florida woman sentenced to 25 years for fatally shooting Black neighbor

Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.

13H ago

Former President Donald Trump's Hush Money Trial Continues In New York

Trump transition aide Boris Epshteyn sparking internal strife over appointments

Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.

7H ago

Walmart the latest big corporation to scale back DEI policies

Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.

1H ago

Biden will attend Trump's inauguration in January, White House says

President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.

13H ago

World's oldest man dies in England

John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.

8M ago

Drake's Till Death Do Us Part Rap Battle Event

Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"

The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.

6H ago

U.S.

More U.S.

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Animal rescue pilot and dog killed in plane crash; 2 dogs survive

Seuk Kim was flying three dogs from Maryland to Albany, New York, when the plane crashed in the snowy woods of the Catskill Mountains, officials said.

updated 3M ago

Businessman holding black alarm clock with clockwise countdown from work to retirement.

Planning to retire at 65? Most Americans have to stop working earlier.

Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.

3H ago

Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"

The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.

6H ago

Trump threatens to impose new tariffs on Mexico, Canada and China on first day in office

President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.

10H ago

West Virginia ends promising subsidy program for GLP-1 weight loss drugs

In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.

11H ago

MoneyWatch

More MoneyWatch

Ozempic, Victoza and Wegovy, injectable prescription weight loss medicines.

Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid

Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.

23M ago

Walmart the latest big corporation to scale back DEI policies

Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.

1H ago

Planning to retire at 65? Most Americans have to stop working earlier.

Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.

3H ago

Starbucks impacted by ransomware attack on software vendor

Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.

14H ago

Is AI better at planning and booking a vacation than you are?

Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.

15H ago

Politics

More Politics

Biden wants drugs like Wegovy, Ozempic covered by Medicare, Medicaid

Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.

23M ago

Walmart the latest big corporation to scale back DEI policies

Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.

1H ago

Biden will attend Trump's inauguration in January, White House says

President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.

13H ago

White House Christmas tree came from Helene-devastated tree farm

A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.

14H ago

Trump transition aide Boris Epshteyn sparking internal strife over appointments

Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.

7H ago

HealthWatch

More HealthWatch

West Virginia ends promising subsidy program for GLP-1 weight loss drugs

In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.

11H ago

Weekly injections of GLP-1 receptor agonist for improved glucose regulation in type 2 diabetes

As many as 1 in 5 people won't lose weight with GLP-1 drugs, experts say

About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.

20H ago

A study to devise nutritional guidance just for you

When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"

Nov 24

A study to personalize nutrition guidance just for you

From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.

Nov 24
05:46

New treatments offer hope for older patients with a deadly cancer diagnosis

Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.

Nov 23

World

More World

World's oldest man dies in England

John Tinniswood, the world's oldest man, has died in northern England. He credited his longevity largely to "pure luck," but did offer advice about over-indulging - in anything.

8M ago

Lawmakers brawl over deadly train station roof collapse in Serbia

Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.

18H ago

Mystery of serial shoe robber solved when camera catches culprit

Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.

19H ago

Chinese trans woman awarded thousands over forced electroshock therapy

Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.

updated 0M ago

Best-selling novelist Barbara Taylor Bradford dies at 91

Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.

22H ago

Entertainment

More Entertainment

Drake accuses Spotify, UMG of inflating Kendrick Lamar's "Not Like Us"

The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.

6H ago

"Glicked" sweeps box office

"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.

19H ago
05:28

"Wicked," "Gladiator II" soar at box office

While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."

23H ago
02:59

Best-selling novelist Barbara Taylor Bradford dies at 91

Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.

22H ago

"Oregon Trail" computer game is now being developed as a movie

One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.

19H ago

Technology

More Technology

Starbucks impacted by ransomware attack on software vendor

Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.

14H ago

How AI can help to plan your next vacation

More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.

23H ago
06:01

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.

Mar 28
03:27

Microsoft 365 is experiencing an outage. Here's what to know.

Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.

14H ago

A new generation of shopping cart, with GPS and AI

At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.

Nov 24
04:05

Science

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Science

Dishing up space food

At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.

Nov 24
03:47

How are U.S. winters permanently changing?

This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.

Nov 22
03:56

Emperor penguin found on Australian beach released at sea after 20 days of care

The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.

Nov 22

Iceland volcano flares in region's 7th eruption in one year

A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.

Nov 21

How collecting pine cones helps renew Oregon forests after wildfires

Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.

Nov 20

Crime

More Crime

Crime

Menendez brothers resentencing delayed

A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.

12H ago
01:21

NFL, NBA warn players about burglaries

The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.

15H ago
00:30

Paths for Menendez brothers' freedom

There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.

18H ago
04:16

White Florida woman sentenced to 25 years for fatally shooting Black neighbor

Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.

13H ago

Arrest made after woman, baby shot dead in car in Connecticut

A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.

20H ago

Space

More Space

Blue Origin launches 6 tourists to the edge of space

Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.

Nov 22

Blue Origin launches 9th space tourism flight

The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.

Nov 22
13:00

Trump, Musk attend SpaceX launch

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.

Nov 19
10:13

SpaceX launches Super Heavy-Starship, with Trump there to watch

President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.

Nov 19

Far side of the moon once had erupting volcanoes, lunar soil shows

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.

Nov 15

Latest Galleries

More Latest Galleries

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.

Nov 18
72 photos

Serial killer Rodney Alcala's secret photos

See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.

Nov 7
67 photos

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.

Sep 5
20 photos

Evidence in "The Dexter Killer" case

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.

Aug 14
26 photos

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.

Sep 29
150 photos

Latest CBS News Videos

What does financial success look like?

According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.

11H ago
03:21

Arguments heard over pending Infowars sale

A federal judge in Texas plans to hold another hearing to decide whether satirical news outlet "The Onion" can move forward with the purchase of conspiracy theorist Alex Jones' company, Infowars. CBS News correspondent Janet Shamlian has the latest from Houston.

12H ago
02:21

Thanksgiving week 2024 weather forecast

Multiple weather systems are forecast to drop rain and snow across the U.S. during the week of Thanksgiving. CBS News national weather correspondent Rob Marciano has more on what conditions to expect.

12H ago
01:15

Security high ahead of Thanksgiving events

Federal and local authorities are reportedly warning the Macy's Thanksgiving Day Parade in New York City could be a target for would-be terrorists. Law enforcement officials will also need to be on high alert for what could be the busiest and most crowded holiday travel season yet. CBS News national security contributor Sam Vinograd joins with analysis.

12H ago
02:20

Illegal crossings on track for Biden-era low

For the first time under the Biden administration, illegal crossings at the southern border are on track to dip below 50,000 for November. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.

12H ago
04:39