Surging U.S. gas prices could erase bigger tax refunds, analysis finds
Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
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Stanford economists estimate that the typical U.S. household will spend an additional $740 on gas this year because of the jump in global oil prices.
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
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.
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.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
Taxpayers saw their tax refunds shrink last year due to the expiration of pandemic benefits. But some people may get a boost in 2024.
Millions of Americans wait until the last minute to file their taxes. Most will have a short wait to get their checks from the agency.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Amy Nofiziger, a fraud expert for AARP, says that as the deadline approaches, scammers, "know that we're stressed and that it's going to be easy manipulating us."
If you're trying to figure out when your refund is landing, some steps are a giant waste of time, the IRS says.
Michigan House Bill 4235 aims to give union workers a tax benefit that was taken away in 2017.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
While the IRS sent out two stimulus checks and updated the Child Tax Credit this year, it's falling short of its core mission of servicing American taxpayers.
Tax Day, the last day to file 2017 income tax returns, is just days away on April 17. And scammers are upping their game, the IRS said in a warning this week. Thousands of Americans have lost millions of dollars and their personal information in scams, the agency said.
You've got a hefty check headed your way, thanks to your tax refund. Don't spend it just anywhere. Instead, here are five smarter ways to use your refund money.
A tax refund from the state of Michigan could require more than just filing a return.
What is your largest asset? It's your ability to earn a living!
With the U.S. staring down the barrel of a default deadline, an economist says an agreement on the budget may be too little, too late.
The best part of paying your taxes is probably getting your refund check.
A fundraiser and community event seeking support for people in Lebanon took place Sunday in Dearborn.
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
A California man is accused of taking part in a large-scale gift card fraud scheme that targeted several Southeast Michigan Meijer stores.
Olivia Olson had all 27 of her points in the second half and Syla Swords bounced back from a slow start to score 26 and help second-seeded Michigan rout short-handed N.C. State.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
A fundraiser and community event seeking support for people in Lebanon took place Sunday in Dearborn.
Unleaded gasoline and diesel fuels were mixed in error at a Meijer Express fuel station in Macomb County, Michigan, the supermarket chain said Saturday.
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
TSA representatives say employees are trying to figure out how to feed their families and keep the lights on at home.
Police found that five Barbie packages containing fentanyl were sold. They have all been recovered.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Legislation is pending in Lansing that is intended to prohibit the sale or distribution of a substance called kratom.
A new report says Michigan should invest in primary care doctors to ease a severe shortage of physicians that has led to long wait times, higher costs and missed care.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
Olivia Olson had all 27 of her points in the second half and Syla Swords bounced back from a slow start to score 26 and help second-seeded Michigan rout short-handed N.C. State.
Western Michigan has hired Kahil Fennell away from Texas-Rio Grande Valley to be its men's basketball coach.
Kim Barnes Arico has turned Michigan's women's basketball into a consistently winning program for the first time in school history.
Michigan State has advanced to the Sweet 16 for the 17th time under coach Tom Izzo, beating Louisville 77-69 on in the second round of the NCAA Tournament.
Yaxel Lendeborg punctuated his 25-point outing with a massive dunk in transition, and the Midwest Region's top-seeded Michigan advanced to the Sweet 16 with a 95-72 win over Saint Louis in the second round of the NCAA Tournament.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
The Lebanese American Community in Metro Detroit gathered for an event to support friends and family home in Lebanon, offering prayers and raising money to help those in need.
Detroit police are looking for a woman who was last seen Saturday at Hollywood Casino.
Good morning Fam! Happy Monday, expecting a few scattered snow showers today, mainly after 11am. Mostly cloudy, with a high near 40. North northwest wind 11 to 14 mph, with gusts as high as 21 mph. Warming by mid week.
Iran has answered President Trump's threat to "obliterate" the country's power plants if it doesn't reopen the Strait of Hormuz by Monday evening, with more attacks on Israel and Gulf states, and threats to respond in kind.
Gas prices have been on the increase, and now are at their highest point in Michigan since August 2023.