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How to spend your tax refund: Expert advice, plus crave-worthy tax refund splurges
Wondering what to do with your 2021 tax refund? Here's what experts recommend, plus a few fun tax-refund splurges.
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Wondering what to do with your 2021 tax refund? Here's what experts recommend, plus a few fun tax-refund splurges.
Taxpayers who claimed one of two tax credits are expected to get their refunds beginning this week, the IRS said.
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
The average refund so far in 2022 is about $2,300, down from last year's typical refund of $2,800.
Here's a look at no-fee, 0% APR loan offers by leading commercial tax-prep services, including H&R Block.
The agency's Taxpayer Advocate said to avoid delays, people should triple-check for errors, file electronically and use direct deposit for refunds.
As this year's tax season begins, the IRS is still working to complete a sizable backlog of returns from 2021. The delays are just one of the results of severe staffing shortages at the IRS. CBS News congressional correspondent Scott MacFarlane joins Tanya Rivero and Jericka Duncan with more.
The agency is warning of "major challenges" for taxpayers due to a significant backlog of returns from last year and major staff shortages.
Americans will be able to order free at-home tests online starting next week, part of the Biden administration's strategy to make COVID-19 tests more accessible as high numbers of cases continue across the U.S.
Despite the Omicron variant showing signs of slowing down in early hotspots, it is still causing shifts and changes to daily life. Factories are back to making N-95 masks around the clock, schools are reconsidering remote learning and some businesses are requiring vaccine cards. Michael George reports.
COVID-19 cases and hospitalizations are soaring nationwide, especially among children. Demand for at-home rapid tests has never been higher. Manuel Bojorquez has the details.
The agency's top watchdog called last year's tax filing season the most challenging ever experienced and warned this year could be worse.
The Internal Revenue Service will begin accepting and processing 2021 federal tax returns on Monday, January 24. That comes as about 36 million families stop getting child tax credit payments. CBS MoneyWatch reporter Aimee Picchi spoke with Jericka Duncan on CBSN to review tips for filing tax returns and getting any refund as efficiently as possible.
Dr. Anthony Fauci got into a heated exchange with Senator Rand Paul, accusing him of raising political donations off personal attacks against him. Fauci said it has put his life in danger. Elise Preston has more.
Pediatric hospitalizations are on the rise and hospitals are facing critical staffing shortages. Janet Shamlian shares more.
Some Americans may see smaller-than-expected tax refunds in 2022 due to the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joins CBSN to explain what people need to know before filing their returns.
As many as 13 million taxpayers who collected unemployment benefits last year may be eligible to get money back.
The U.S. may owe money to as many as 13 million taxpayers who received unemployment benefits last year.
The tax agency faced a "challenging" year, leading to a growing backlog of tax returns, the taxpayer advocate says.
Some 2.8 million people who filed taxes early got refunds this week, while millions more could qualify for a payment.
As many as 10 million people who filed taxes before the American Recovery Plan was passed could be receiving tax refunds.
Tax Day was pushed back a month — to May 17 — because of the pandemic. Sheneya Wilson, founder and CEO of Fola Financial, explains the changes to filing this year and when taxpayers can expect to see their tax refunds.
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.
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.
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
Former President Donald Trump looked on Tuesday night as his onetime rivals for the nomination lined up to support him.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
Terrell Davis and his wife, Tamiko, discussed the moment the former Denver Broncos star was handcuffed in front of his children and other passengers on a United Airlines flight.
The FBI is investigating whether the shooter was a politically motivated homegrown domestic violent extremist, and investigators are combing through his background.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
Peter Navarro, 75, was released from federal prison in Miami on Wednesday after serving a four-month sentence.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
Naomi Pomeroy, an award-winning chef who helped put Portland on the map as a culinary destination, was 49 years old.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Over bratwurst, a couple of beers and a whole lot of Wisconsin cheese, "CBS Mornings" co-host Tony Dokoupil set out to answer a few bedrock questions about the 2024 presidential election.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
A young gas station operator in Wisconsin was stabbed to death on June 12. Authorities have never named a suspect in the murder until now.
JD Vance's 2016 memoir "Hillbilly Elegy" is getting a sales bump after the Ohio senator was picked to run alongside former President Donald Trump.
Here's how much EssilorLuxottica is paying for Supreme, the skate brand with a cult following.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Gambling ends and the doors close Wednesday at The Mirage, which changed the face of Las Vegas. It's slated to resurface in 2027 as the Hard Rock Las Vegas.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Over bratwurst, a couple of beers and a whole lot of Wisconsin cheese, "CBS Mornings" co-host Tony Dokoupil set out to answer a few bedrock questions about the 2024 presidential election.
"He was millimeters away from having his life expunged ... I'm sure the ear doesn't feel well," Eric Trump told "CBS Mornings" co-host Tony Dokoupil.
The DNC sent a letter to the convention rules committee saying that "no virtual voting will begin before August 1."
Peter Navarro, 75, was released from federal prison in Miami on Wednesday after serving a four-month sentence.
At least 36 have been hospitalized after eating the mushroom "edibles."
A workout that mindlessly tones your arms while getting some cardio in? If it sounds too good to be true, that's because it may be. Here's what experts say.
Growing share of Americans say they have skipped medical care or getting prescription drugs because of the cost.
Caitlyn Mai underwent cochlear implant surgery with her insurer's approval, expecting it would be covered in full. Then she started getting the bills.
Amazon's Prime Day, which generated $12.7 billion in sales in 2023, can also lead to more worker injuries, a Senate probe finds.
Residents of a Toronto suburb tell CBS News they're worried a U.S. company may be emitting a cancer-causing gas in their community.
Britain's King Charles III donned a ceremonial crown and robe to give a speech opening the U.K.'s first left-leaning parliament in 14 years.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
Mayor Anne Hidalgo declared the Seine river "exquisite" after taking a long-promised dip to show its water is safe for the Paris Olympics.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Season 26 of the CBS reality TV show "Big Brother" premieres on Wednesday. Sixteen new house guests will compete and strategize to evict one of their own each week to try and be the last person standing. The prize is $750,000. "Entertainment Tonight" host Nischelle Turner visited the house and even entered a one-day competition.
Tech mogul Elon Musk said Tuesday afternoon that he would be moving the headquarters of both his social media company X and SpaceX to Texas in response to a new California law signed by Gov. Gavin Newsom.
Apple users can now download an early version of a new iPhone operating system that will be officially released this fall.
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.
AT&T on Friday disclosed that hackers had accessed records of calls and texts of "nearly all" its cellular customers for a six-month period between May 1, 2022, and Oct. 31, 2022. Jo Ling Kent reports.
AT&T disclosed yet another major data breach on Friday. The company said a third party illegally downloaded call and text records for nearly all its 109 million customers with accounts between May and October 2022. CBS News senior business and technology correspondent Jo Ling Kent is following this story.
The melting of glaciers and polar ice sheets causes water to move closer to the equator, fattening the planet and slowing its rotation, according to a recent study.
Spade-toothed whales are the world's rarest, with no live sightings ever recorded. Until, perhaps, now. One may have washed up onto a New Zealand beach.
Symptoms among the new bird flu cases included "fever, chills, coughing and sore throat/runny nose," alongside pink eye and eye tearing, a CDC spokesperson confirmed Monday.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
The 2024 Atlantic hurricane season got off to a deadly start as Hurricane Beryl tore across the Caribbean, Mexico and eventually the U.S.
A young gas station operator in Wisconsin was stabbed to death on June 12. Authorities have never named a suspect in the murder until now.
President Santiago Peña said the record discovery, code-named "Operation Sweetness," added to a string of "very sad episodes" in Paraguay.
The armorer on Alec Baldwin movie "Rust" filed to have her involuntary manslaughter conviction overturned, days after Baldwin's trial over a fatal on-set shooting collapsed due to withheld evidence.
Officials say traces of cyanide were found on 6 people found dead in a Bangkok hotel, with one suspected of murdering the others.
The alleged leader of a violent extremist group plotted to poison children and minorities in New York City, authorities said Tuesday.
Rain already falls on Venus, but it took more than 14 minutes for Missy Elliott's The Rain (Supa Dupa Fly)" to reach the planet.
It has been two years since NASA's James Webb telescope gave us a stunning first look at the depth of our universe. To commemorate the achievement, NASA has released new images showing two distant galaxies interacting with each other. Jane Rigby, astrophysicist and a senior project scientist for the Webb telescope at NASA, joins CBS News to discuss.
The image released Friday depicts two merging galaxies, nicknamed "the Penguin and the Egg," that are about 100,000 light years apart, a surprisingly close distance in astronomical terms.
SpaceX's Falcon 9 rocket suffered a catastrophic engine failure as it launched a batch of Starlink satellites into orbit Thursday night, the first time in nearly a decade the rocket has failed. CBS News space consultant Bill Harwood has more on that and the latest images from the James Webb Space Telescope.
The engine failure blamed for stranding 20 Starlink satellites in a low, non-survivable orbit was caused by a liquid oxygen leak.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
The Paris Olympics are a week away and there are still worries the Seine is too polluted for swimmers to compete in the events slated for the river's waters. Paris Mayor Anne Hidalgo tried to alleviate those fears with a swim in the river Wednesday morning. CBS News correspondent Elaine Cobbe has more.
Did a Florida man hire a look-alike to kill his wife? A GPS leads police right to the hit man’s door. "48 Hours" correspondent Erin Moriarty reports Saturday, July 20 at 10/9c on CBS and streaming on Paramount+.
The Democratic National Committee will hold a virtual roll call vote to formally nominate President Biden as the party's 2024 presidential candidate in August before the convention in Chicago, according to a letter sent Wednesday by the heads of the convention rules committee. CBS News senior White House correspondent Weijia Jiang has more.
A woman is dead and identical twin brothers are the suspects. Did studying TV crime shows help them come close to pulling off the perfect crime? "48 Hours" correspondent Erin Moriarty reports Saturday, July 20 at 9 /8c on CBS and and streaming on Paramount+.
Speakers taking the stage for the third day of the Republican National Convention will spotlight national security and foreign policy, including the ongoing wars in Ukraine and the Middle East. Seth Jones, senior vice president at the Center for Strategic and International Studies, joined CBS News to discuss how Republicans have recently approached those conflicts.