Major changes for taxpayers this tax season. What to know before filing.
This is due in part to the new "Big Beautiful Bill" and job cuts at the Internal Revenue Service.
Watch CBS News
This is due in part to the new "Big Beautiful Bill" and job cuts at the Internal Revenue Service.
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.
Big changes are coming this tax season, with the new "no tax on tips" rule created by the Trump Administration's spending plan, and following the delays with the IRS electronic payment system earlier this year, taxpayers might want to start preparing now.
CBS News Chicago has reported on this problem, and it turns out we are not the only ones having a hard time getting answers from the IRS.
CBS News Chicago has reported on this problem, and it turns out we are not the only ones having a hard time getting answers from the IRS. Tara Molina reports.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved. CBS News Chicago has been checking in daily with the IRS for the past week about the processing delays as more people say they are getting IRS notices.
Despite continuing reports of taxpayers receiving bills from the IRS for taxes they already paid on time, the agency has remained quiet about the problem and when it could be resolved.
Some taxpayers who paid their taxes by the April 15 deadlines are getting notices telling them they still owe money, all because of delays with the IRS electronic payment system.
Some taxpayers who paid their taxes by the April 15 deadlines are getting notices telling them they still owe money, all because of delays with the IRS electronic payment system.
Sources say the IRS plans to rescind Harvard's tax-exempt status, something that would be unprecedented for a large American research university.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
According to an internal email, three-quarters of the positions in the IRS Office of Civil Rights and Compliance will be eliminated.
President Trump’s latest move is to fire roughly 6% of the IRS workforce in the midst of a busy tax-filing season. Erica Brown reports.
Another round of federal job cuts is coming. This time, it’s at the agency responsible for bringing money into the government's coffers.
The IRS is the latest federal agency impacted by aggressive federal workforce cuts carried out by the Trump administration.
Next year, the standard deduction will increase to $15,000 for single filers and $30,000 if filing jointly. The earned income tax credit for low—to middle-income filers will also increase to a maximum of $8,000. Read More
Friday is the last day to file your 2020 tax return. The IRS estimates that more than $1 billion in refunds are on the line. Mark Steber, chief tax information officer with Jackson Hewitt, says you better act fast.
An IRS audit uncovered by the New York Times and ProPublica found Trump effectively wrote off losses twice--in 2008 and then again in 2010.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
CBS 2's Lauren Victory unraveled what went wrong.
Ciera Stipe waited years on her refund from taxes filed before the COVID-19 pandemic even started. CBS 2's Lauren Victory unraveled what went wrong for so long.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
The man convicted in the 2014 Bali "suitcase murder" was expected in a Chicago courtroom on Thursday.
Nearly five years after the Bears first announced their bid to buy the former Arlington International Racecourse with the aim of turning the site into a new stadium, the Illinois General Assembly will begin considering a bill to push the plan ahead.
A series of memorial services will begin on Thursday to honor the late Reverend Jesse Jackson.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The old Mars/Wrigley factory, which sat next to the Metra tracks, has been a staple of the Galewood community for decades.
Nearly five years after the Bears first announced their bid to buy the former Arlington International Racecourse with the aim of turning the site into a new stadium, the Illinois General Assembly will begin considering a bill to push the plan ahead.
With 20 days until the primary election, the gloves are off in the race for Cook County Board President, pitting two political heavyweights against each other in the Democratic primary.
Federal immigration agents arrested 261 DACA recipients during the first 10 months of the second Trump administration, according to statistics shared with Congress.
Former Treasury Secretary Larry Summers will resign from his remaining roles at Harvard over his ties to Jeffrey Epstein, the university confirmed to CBS News.
CBS News fact checked President Trump's 2026 State of the Union address, and Virginia Gov. Abigail Spanberger's Democratic response.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
Not one, but two hotels are now planned or proposed for Chicago's Northalsted LGBTQ+ nightlife district.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
Barnes & Noble was set to reopen in Skokie on Wednesday, just weeks after it closed.
Trader Joe's is opening a new location in Chicago's Logan Square neighborhood.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Garth Brooks, Ed Sheeran, Post Malone and Jelly Roll are among the artists headlining in the 2026 SummerFest in Milwaukee this summer.
Federal authorities arrested Tommy Schaefer this week after he served more than a decade in a prison in Indonesia.
The Illinois General Assembly is holding a hearing on a bill would give the team tax certainty of they build a new stadium in Arlington Heights, while Indiana state senators are to vote on a bill clearing the way for a new Bears stadium along Wolf Lake in Hammond.
A series of memorial services will begin on Thursday to honor the late Reverend Jesse Jackson.
Four people were injured following a mass shooting at a gas station in the Woodlawn neighborhood on Wednesday evening.
Meteorologist Laura Bannon has the extended forecast.
A series of memorial services will begin on Thursday to honor the late Reverend Jesse Jackson.
Four people were injured following a mass shooting at a gas station in the Woodlawn neighborhood on Wednesday evening.
Northfield police announced that David Garcia-Espinal, 46, was found and arrested in Los Angeles, California, on Feb. 19.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
Cynthia Eason testified that SWAT officers pointed guns at her, her daughter, and her four grandchildren in 2018 after raiding the wrong home.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The mother of an 8-year-old boy who was allegedly put in a chokehold and dragged by the neck by a Chicago Public Schools employee hopes her lawsuit and choice to speak out will help protect students in the future.
A jury on Wednesday awarded $5.74 million in damages to a Chicago family who accused police of violating their civil rights in a botched raid of their home in 2018.
The company behind delays in Cook County property tax bills and refunds has sent a letter to Cook County Treasurer Maria Pappas, refusing to work directly with her any longer, accusing her of using foul language and bullying their team.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
Nearly five years after the Bears first announced their bid to buy the former Arlington International Racecourse with the aim of turning the site into a new stadium, the Illinois General Assembly will begin considering a bill to push the plan ahead.
The Hornetts handed the Bulls a 10th straight loss, matching their longest slide since January 2019.
The Bears have not received compensatory third-round picks via the NFL's reward for developing minority front office candidates.
While Poles considers his best options to put a roster together for next season, he also has to have future seasons in mind, especially with Caleb Williams still on his rookie contract.
Eight Cubs players and four White Sox players will be leaving spring training to play in the World Baseball Classic.
The man convicted in the 2014 Bali "suitcase murder" was expected in a Chicago courtroom on Thursday.
A man was wounded in a shooting on Wednesday afternoon at a McDonald's in the Back of the Yard neighborhood on the South Side of Chicago.
Police in the Poconos region of Pennsylvania are looking for a man who they say set multiple fires to deal with spiders.
A judge ordered a woman detained until trial in the deadly carjacking of an Uber Eats driver on Chicago's West Side.
Tommy Schaefer was sentenced for the 2014 murder of Sheila von Wiese-Mack, the mother of Heather Mack, during a luxury vacation.
