A new tax break on auto loan interest may help 4 million car owners
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
Watch CBS News
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
Tax season is underway as the IRS is now accepting and processing returns for 2025. This year there are several new credits and deductions available. CBS News business analyst Jill Schlesinger explains. (Sponsored by Edward Jones)
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
The IRS started accepting tax returns on Jan. 26. Here's everything you need to know about getting your tax refund.
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
U.S. Treasury Secretary Scott Bessent announced the creation of a new IRS task force and other measures to combat fraud, underscoring the Trump administration's focus on Minnesota amidst the immigration crackdown.
Taxpayers can start filing their 2025 tax returns on Jan. 26, 2026, the IRS says.
In 2023, two IRS employees came forward and alleged the Justice Department was improperly handling the tax fraud case against Hunter Biden. Now, they have a new book out called "The Whistleblowers vs. The Big Guy." Whistleblower Joseph Ziegler joins to discuss.
The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall Street report says.
The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation.
Incoming IRS criminal chief Gary Shapley, an IRS supervisor who oversaw the Hunter Biden investigation, told CBS News in an interview that he won't bow to pressure if the Trump administration calls for investigations into political enemies. Jim Axelrod reports.
As the government shutdown drags on, some federal employees have taken on second jobs to make ends meet. Issac Stein, a furloughed IRS employee, joins CBS News to discuss how he came to own and operate a hot dog stand in downtown Washington, D.C.
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
Treasury Secretary Scott Bessent said Bisignano will continue to lead the Social Security Administration while also taking on the new IRS role.
While gambling in the U.S. has skyrocketed in recent years, some professional bettors may be ready to fold over their displeasure with a provision in President Trump's tax and spending law. Professional poker player Phil Galfond joins "The Takeout" to discuss his concerns.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know.
When DOGE staff allegedly pushed for sweeping access to private data, former officials raised alarms. Jo Ling Kent spoke to two former insiders at the Internal Revenue Service and Consumer Financial Protection Bureau.
About 15% of taxes every year aren't collected, the IRS estimates. Here’s what makes up that "tax gap" -- and how simply auditing more wealthy people could fill it.
Treasury Secretary Scott Bessent dodged questions from Rep. Lloyd Doggett about the Trump administration's efforts to revoke Harvard University's tax exemption. Doggett also pressed Bessent at a House Ways and Means Committee hearing on allegations that the IRS is releasing the personal information of millions of Americans to the Department of Government Efficiency.
"I'm a con man." That's what Rev. Kirby Hensley told Morley Safer as he explained the Universal Life Church he founded. The church has ordained millions of people and helped start thousands of churches -- all for the price of a postage stamp. But its tax-exempt status also raised eyebrows at the IRS.
Americans are appalled by the size of their taxes, but not Andy Rooney. He's appalled by the size of the tax form.
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.
In the quest to make America healthy, Health and Human Services Secretary Robert F. Kennedy Jr. and former FDA head Dr. David Kessler are targeting ultraprocessed foods and the GRAS exemption.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
In 2024, Gisèle Pelicot bravely spoke out on surviving sexual abuse as the center of a notorious mass rape trial in France. In her first U.S. TV interview, she opens up about her decision to testify publicly against her ex-husband, and the inspiring turn her life has taken since.
Democrats have demanded reforms to immigration enforcement, including barring officers from wearing masks.
The online activity of the shooter at a Canadian high school revealed she spent time in the dark corners of the internet.
Sen. Thom Tillis, who is not running for reelection in 2026, said he believed that Republicans could hold onto its majority in the Senate after the 2026 midterm elections.
Mikaela Shiffrin, who is the winningest athlete on the World Cup circuit, has now failed to win a medal in eight straight Olympic events since the 2018 Winter Games in PyeongChang.
The attacks came just days ahead of another round of U.S.-brokered talks between envoys from Russia and Ukraine this week in Geneva.
On this "Face the Nation with Margaret Brennan" broadcast, Tom Homan and House Minority Leader Hakeem Jeffries join Ed O'Keefe.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
The Lac La Belle was one of the most popular steamers on Lake Michigan. It went down in 1872.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
The unsolved murder of Mary Kay Heese, 17, a high school junior from Wahoo, Nebraska, has hung over the community for five decades. Will what is believed to be the state's oldest cold case finally be solved?
Prediction markets are taking bets this Valentine's Day that celebrity relationships can thrive — or break apart.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Love is biting consumers this year amid the rising cost of flowers, chocolates and other Valentine's Day staples.
On this "Face the Nation with Margaret Brennan" broadcast, Tom Homan and House Minority Leader Hakeem Jeffries join Ed O'Keefe.
Sen. Thom Tillis, who is not running for reelection in 2026, said he believed that Republicans could hold onto its majority in the Senate after the 2026 midterm elections.
The following is the transcript of the interview with Rep. Robert Garcia, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on Feb. 15, 2026.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
The following is the transcript of the interview with House Minority Leader Hakeem Jeffries, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on Feb. 15, 2026.
Twenty one states in the U.S. have confirmed cases of measles.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
The Marshall Project found more than 70,000 cases referred to law enforcement over allegations of substance use during pregnancy — and that's a significant undercount.
The online activity of the shooter at a Canadian high school revealed she spent time in the dark corners of the internet.
The following is the transcript of the interview with Rep. Robert Garcia, Democrat of California, that aired on "Face the Nation with Margaret Brennan" on Feb. 15, 2026.
President Trump met with Israeli Prime Minister Benjamin Netanyahu in December at Mar-a-Lago with Mr. Trump saying the U.S. would support strikes if no deal was made with Iran.
The chief of the U.S. Ski Team says Lindsey Vonn is preparing to return to the United States a week after crashing in the Olympic downhill.
The following is the transcript of the interview with House Minority Leader Hakeem Jeffries, Democrat of New York, that aired on "Face the Nation with Margaret Brennan" on Feb. 15, 2026.
The high-profile ESPN and SiriusXM commentator and bestselling author is a combative and colorful voice on sports. But now, with a weekly political show in which he interviews government leaders, he is raising eyebrows in Washington, too.
High-profile ESPN and SiriusXM commentator and bestselling author Stephen A. Smith is a combative and colorful voice on sports. But now, with a weekly political show, in which he interviews government leaders, he is gaining notice in Washington, too. Smith talks with "Sunday Morning" national correspondent Robert Costa about his journey and whether he might soon be on a debate stage.
The singer-songwriter who's remained on Billboard's Hot 100 Chart for seven straight decades has just released his latest album, "Inspirations of Life and Love." A youthful 84, he talks about his artistic longevity.
"Sunday Morning" remembers some of the notable figures who left us this week, including actor James Van Der Beek, star of the series "Dawson's Creek."
At 28, Australian actor Jacob Elordi has earned his first Academy Award nomination for his haunting portrayal of the Creature in Guillermo del Toro's "Frankenstein." He talks about his love of acting, and why he has no relationship with social media.
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
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.
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The messaging platform WhatsApp says Russia has "attempted to fully block" its service inside the country, "to drive people to a state-owned surveillance app."
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
The online activity of the shooter at a Canadian high school revealed she spent time in the dark corners of the internet.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
There were promising leads and disheartening setbacks in the investigation into the apparent abduction of the 84-year-old mother of "Today" host Savannah Guthrie. As the search for Nancy Guthrie now enters its third week, Jonathan Vigliotti looks at how her disappearance remains a painful mystery.
The unsolved murder of Mary Kay Heese, 17, a high school junior from Wahoo, Nebraska, has hung over the community for five decades. Will what is believed to be the state's oldest cold case finally be solved?
The search for Nancy Guthrie is in its 13th day after authorities issued another plea for her return and were seen overnight at her Tuscon home.
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Food writer Michael Pollan, who has written about the health risks of highly processed foods for decades, shared his advice for eating healthier and avoiding ultraprocessed foods with 60 Minutes correspondent Bill Whitaker.
Eva Clarke, Hana Berger-Moran, and Mark Olsky are survivors born to survivors. During the Holocaust, their mothers were young Jewish women sent to concentration camps when they were newly pregnant.
There are Americans who are "obscenely obese and at the same time malnourished," Health and Human Services Secretary Robert F. Kennedy Jr. says. He blames ultraprocessed food.
Filmmaker Ken Burns, who's helped viewers understand American history, shared what he thinks would surprise the nation's founders 250 years after the Declaration of Independence.
At 22, Army medic LeRoy "Pete" Petersohn helped liberate the Nazi concentration camp Mauthausen and documented its horrors in a letter home, testimony his son says Petersohn felt compelled to record for history.