Here's how much the new "no tax on tips" deduction could save you
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
Watch CBS News
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
Signature gatherers are out in Michigan communities in full force as campaigns work to meet the criteria they need to appear on the ballot.
Forecasters predicted filers would benefit from larger checks this year due to a series of new tax provisions in the "one big, beautiful" bill.
The IRS started accepting tax returns on Jan. 26. Here's everything you need to know about getting your tax refund.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
A Phoenix-based company's real estate venture in Detroit's Palmer Park area has left over a third of the neighborhood's apartment buildings in distress.
Taxpayers can start filing their 2025 tax returns on Jan. 26, 2026, the IRS says.
One of Michigan's fastest-growing industries is facing a major tax hike this New Year's Day.
Starting January 1, food-stamp recipients in five U.S. states will face restrictions on using the benefits to buy some sugary foods.
Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.
The Michigan Department of Treasury says it's been made aware of a potential scam involving letters reminding people that a tax is due.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
A Holland, Michigan, man is facing charges for alleged fraud and failure to pay taxes on more than $1 million in unlicensed marijuana sales, according to the Michigan Attorney General's office.
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.
Michigan Gov. Gretchen Whitmer has signed into law a new 24% tax on marijuana to create new revenue that will help fund long-promised major road repairs.
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep."
A new text message scam is falsely claiming to be from the Michigan Department of Treasury and references tax refunds.
A Northern Michigan man is accused of charges relating to failing to file taxes on a marijuana growing and distribution operation.
The typical U.S. taxpayer could see their taxes decrease by more than $3,750 next year thanks to fresh cuts, deductions and other provisions, according to a recent analysis.
Waiters and bartenders are included in a proposed list of jobs that could qualify for a federal tax break on tips, as well as some workers who don't traditionally get gratuities.
President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.
The new tax cuts and spending law signed by President Trump on July 4 could provide savings for all income groups, an analysis finds.
The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.
The "no tax on tips" provision in the federal spending bill creates a new deduction for tipped workers, eliminating or decreasing what they owe in federal income tax. Tipped workers still have to pay state and local income tax and payroll taxes.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
A real estate investment and development company says "significant capital improvements" are in the works for a ski and golf resort in Antrim County, Michigan, that it has acquired.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
CBS News has learned that the casualties occurred among American personnel based in Kuwait.
The U.S. military says three troops have been killed in the war with Iran, as President Trump says the operation is proceeding "ahead of schedule."
Law enforcement is seeking answers after a 13-month-old girl was found in an impounded vehicle at a tow yard in Eastpointe, Michigan, on Saturday.
A 6-year-old girl is in the hospital after police said she accidentally shot herself with an unsecured gun in Detroit on Sunday morning.
Parents in Bloomfield Hills are speaking out after an abrupt school board decision was made to close a child care program in the district at the end of the school year.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
"Sadly, there will likely be more before it ends. That's the way it is. Likely be more," President Trump said after mentioning the three U.S. service members killed in the operation.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
CBS News has learned that the casualties occurred among American personnel based in Kuwait.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
There are a few steps to get an exemption for a required vaccine here in Michigan and a group of Republican lawmakers want to make sure it doesn't get any more difficult in the future.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
The Detroit Red Wings were beaten by the Hurricanes 5-2 on Saturday night in Raleigh, North Carolina. Shayne Gostisbehere had a goal and two assists to lead the Hurricanes to their fifth straight win.
Detroit Tigers right-hander Troy Melton is not expected to be available for the start of the season due to inflammation in his right elbow.
Former University of Michigan football coach Sherrone Moore's name is once again in the spotlight after a woman's attorney claims he failed to act when she alleged sexual misconduct by former staffer LaTroy Lewis.
Comments by golf legend Tiger Woods over the future PGA schedule are raising questions about how the Rocket Classic in Detroit fits in.
No charges have been filed against Arnold, who was a 2024 first-round NFL draft pick.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Metro Detroit is home to one of the largest Middle Eastern communities in the country. Veronica Ortega spoke with a local religious leaders and a community activists about the military operation against Iran.
President Trump said late Saturday afternoon that Supreme Leader Ayatollah Ali Khamenei was killed during military strikes carried out by the U.S. military and Israel. Heath Kalb spoke with Saeed Khan, a Wayne State University professor, about what potentially lies ahead.
Even before the 2026 electricity rate hike takes effect, DTE has started the process of asking State of Michigan officials for rate increases to take effect in 2027.
The Atlanta Falcons on Friday, Feb. 27, dismissed assistant defensive line coach LaTroy Lewis amid a police investigation of alleged sexual misconduct during his time at the University of Michigan.
Two people have died, and two others were injured on Friday, Feb. 27, in a shooting at a funeral repast in Detroit.