![irs-sign.jpg](https://assets2.cbsnewsstatic.com/hub/i/r/2023/02/04/55447c47-4ce1-4048-9099-c930ca9bc83e/thumbnail/640x360/949902f51327247d1395165f81547501/irs-sign.jpg?v=57e8061b2038d609da26e467de5ddfb8#)
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.
Watch CBS News
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
Starting this summer, taxpayers wanting to access their online accounts on IRS.gov will be required to take a selfie and verify their identity with ID.me.
Treasury Department officials are warning that this year's tax season will be a challenge once the IRS starts processing returns on January 24.
Tax filing season for 2021 tax returns will begin on Monday, January 24, 2022, but Treasury officials have issued a warning for taxpayers and tax preparers.
The IRS said the income thresholds for tax brackets will be higher in 2022, reflecting the faster pace of inflation.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Here's what you need to know about the child tax credit from the federal government that began this week.
Millions of middle and low income families across the country will start receiving monthly payments beginning in mid-July as part of the new, fully refundable child tax credit.
Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. But this year is complicated.
More assistance for Texans, this time from the Internal Revenue Service, after a deadly winter storm left millions in the state without power and water.
The Internal Revenue Service has extended the deadline to request a federal stimulus check.
The federal income tax deadline is upon us -- but it's July? This year's federal income tax deadline was postponed until today due to the coronavirus pandemic.
The Internal Revenue Service is sticking with a July 15 deadline for Americans to submit their federal income tax, saying that it won't further postpone the filing date.
Roughly 4 million Americans should soon be getting their government stimulus payments through a prepaid debit card.
The Internal Revenue Service is adding 3,500 workers who will take phone questions about federal stimulus payments.
You have until 11:00 a.m. Central Standard Time on Wednesday, April 22 to fill out the "Non-filers: Enter Payment Info" tool online.
With millions of Americans eagerly awaiting their federal stimulus checks to help them weather the the coronavirus recession, people are now able to find out when they can expect to get their money.
Americans who have direct deposit set up with the IRS and who meet the income qualifications, their payment should be deposited into their accounts by the end of the week.
The IRS is heading into its busiest week of the tax season. While the changes in tax law for this year aren't as significant as in 2019 there are some changes people should be aware of.
Tax day is Monday and if you've waited until the last minute to file local financial experts have some advice for you.
Individual tax refunds this year have been only slightly smaller than last year, but those shortfalls are adding up.
A person with a gun who authorities say was making threats in Yellowstone National Park died after a shootout with park rangers, officials said in a statement.
Police say they had been last seen Wednesday with their father in a black 2019 Ford Fusion with unknown license plates.
Police say Joel Sac Tambriz, 24, has been known to drive a black 2019 Honda Civic Hatchback that struck Daniel Cruces, 30, on June 9.
Another year of Nathan's Famous Hot Dog Eating Contest means a lot of calories consumed. Here's the breakdown.
Hatch has received two reports of people being shocked after plastic on the product's AC power adapter came off.
The Fourth of July is near, which means you're probably looking for somewhere to catch a fireworks show.
Police say they had been last seen Wednesday with their father in a black 2019 Ford Fusion with unknown license plates.
Police say Joel Sac Tambriz, 24, has been known to drive a black 2019 Honda Civic Hatchback that struck Daniel Cruces, 30, on June 9.
Another heat advisory is in effect Thursday due to dew point temperatures being in the low 70s, meaning temperatures will feel like 107 to 109 degrees.
Canada's Hudson's Bay Company, which owns Saks Fifth Avenue and other retailers, is buying 117-year-old Neiman Marcus.
The judge cited the company's cruel treatment of the animals for, "unreasonably depriving the animals of necessary care or shelter."
Thousands of items disappeared from the DeSoto Police Department evidence room, an internal audit found.
When 72-year-old Tom England received his Medicare statement in the mail, he immediately sensed something was wrong.
Jeremiah Cottle is selling all the intellectual property rights for the manufacture of bump stocks.
In 2017, investigators found bump stocks attached to the guns used in the 2017 Las Vegas mass shooting, which killed 58 people - the deadliest mass shooting in U.S. history.
The president honored Philip Shadrach and George Wilson for their "gallantry and intrepidity" during the "Great Locomotive Chase" of 1862.
Following debate, age factors in, and race shifts in Trump's direction after the first 2024 presidential debate.
President Biden met with Democratic governors on Wednesday amid concerns over his debate performance last week.
A New York court said in a decision that Rudy Giuliani is disbarred effective immediately.
Measure would protect an estimated 36 million and represent first major federal safety standard of its kind.
Richardson residents continue to recover from storms that hit North Texas with winds that created debris and damages to homes.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
Over the past several months, the CBS News Texas I-Team has reported on solar panel horror stories. This time, we set out to find a success story.
Self-driving 18-wheelers have longtime truckers worried about their livelihood and others concerned that the technology needs more testing to make sure the public is safe.
McDonald's concept restaurant CosMc's has taken its drink-focused menu to Dallas for its second-ever location.
Hatch has received two reports of people being shocked after plastic on the product's AC power adapter came off.
A case of H5 influenza, also known as bird flu or avian influenza, has been confirmed in a man who was working at a dairy farm in northeastern Colorado.
Trader Joe's says a seasonal scented favorite should be discarded or returned due to an "unexpected burn pattern."
The FDA found even some products that claimed to be "sterile" were contaminated.
Brominated vegetable oil will no longer be allowed in food and beverages in the U.S., 50 years after chemical banned in U.K.
If you're not one of the millions of people traveling for the holiday, here's where you can go to shop and eat.
Change is coming to the Fort Worth Stockyards in the form of a billion-dollar development project.
In a letter to Southwest's board, the investment firm complained that Southwest's stock price has dropped more than 50% in the last three years.
"Bad Boys: Ride or Die" opened with an estimated $56 million in theater sales over the weekend.
TXSE Group aims to launch by 2026.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo has set a new record and retained the women's division title.
The Texas Rangers ended their 11-game losing streak to the San Diego Padres with a 7-0 win on Tuesday night.
The Dallas Wings were coming off their best season since moving to Texas eight years ago, and their most wins since the franchise's last WNBA title in 2008.
Beloved Golden State Warriors guard and legendary Splash Brother Klay Thompson will be headed to Dallas as part of a multi-team sign-and-trade deal, according to reports.
Bye-bye Big 12, hello SEC. The move becomes official today, after 3 years in the making.
It's the dawn of a new era at the Nathan's Famous Hot Dog Eating Contest. Patrick Bertoletti is the new men's champion, and Miki Sudo has set a new record and retained the women's division title.
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
The Oscar-winning actor and director spoke with CBS News Texas ahead of the release of his passion project.
The original 1997 illustration for the front of the first Harry Potter book has set a record for Potter-themed memorabilia on the auction block.
"CBS News 24/7," a daily flagship show featuring live reporting from CBS News and Stations' local-to-global newsrooms, brings viewers a dynamic and immersive news experience.
The front slides through Friday and temperatures drop to high 90s. The front stalls and keeps the lift around for late afternoon showers and storms.
Several North Texas communities are celebrating the Fourth of July with fireworks, parades, concerts and more.
Hurricane Beryl was heading toward Mexico's Yucatan Peninsula as a Category 3 storm on Thursday after rumbling past the Cayman Islands.
The heat advisory goes away Friday thanks to a rare July cold front that will move in later tonight.
The Hill Country Fare brand mustard potato salad is being recalled due to conerns of plastic in the container.
Severe storms made way across North Texas on May 28, leaving behind a path of destruction.
Damage from across North Texas that was left behind by two tornadoes on May 25.
A storm chaser not only captured a massive tornado touching down in Hawley, Texas on Thursday but ended up rescuing a family of four whose home was destroyed by it.
Dallas artist Roberto Marquez traveled to the Rafah Crossing in Egypt, the U.S. capital and will attend this weekend's statewide protest in Austin.
On Friday, hundreds of thousands of fans gathered outside and all around Globe Life Field in Arlington to celebrate the Texas Rangers historical World Series win!