Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
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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.
President Trump pushed to eliminate taxes on Social Security. Does his "one big, beautiful bill" deliver?
The highest-earning U.S. households would see the biggest gains under the GOP budget package thanks to tax cuts, CBO analysis finds.
The massive budget bill passed by the House includes new tax breaks for tipped workers and those who get overtime.
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year.
A Republican-backed House bill includes a range new tax breaks, including a $4,000 deduction for seniors. Here's what to know.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government watchdog finds.
President Trump says steep tariffs on U.S. imports will lead to lower taxes for Americans. Is he right?
Amid reports the IRS may end its free Direct File program, more than 170 lawmakers are demanding it remains open.
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.
Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.
DTE Energy says it's working to restore electricity for thousands of people in Southeast Michigan after ice on power lines created outages on Friday.
Oakland County officials say it has taken immediate action after water tests detected Legionella bacteria at the courthouse.
Two people are dead and one person was hurt after a domestic dispute on Christmas led to a shooting in Southfield.
The former employee of a moving company in Metro Detroit is charged with wire fraud in a federal criminal complaint for allegedly stealing over a quarter of a million dollars from her employer.
The University of Michigan has hired former longtime Utah football coach Kyle Whittingham to lead the Wolverines.
Oakland County officials say it has taken immediate action after water tests detected Legionella bacteria at the courthouse.
The University of Michigan has hired former longtime Utah football coach Kyle Whittingham to lead the Wolverines.
DTE Energy says it's working to restore electricity for thousands of people in Southeast Michigan after ice on power lines created outages on Friday.
Ryan Kennedy, along with attorneys, held a press conference on Friday, denying allegations that he made racial comments toward Metcalf during the Dec. 21 game in Detroit.
Two people are dead and one person was hurt after a domestic dispute on Christmas led to a shooting in Southfield.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
A 15-gallon tank of gas will cost Michiganders about $42, which is around $15 less than the highest price drivers paid in July 2024.
Ford Motor Co. has stepped up technology in its popular F-150 pickup to combat ever-evolving techniques car thieves have at their disposal.
The management company of the LaFontaine Automotive Group in Metro Detroit has agreed to pay $1.5 million to settle an alleged Paycheck Protection Program loan fraud.
Slower adoption of electric vehicles was cited as the reason for pending layoffs at GM's Factory Zero.
The "Taylor Swift" bill package, which includes House Bills 4262 and 4263, authorizes the Michigan attorney general to pursue action against anyone using ticket bots.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
The Oscars ceremony is moving to YouTube starting in 2029, the Academy of Motion Picture Arts and Sciences announced on Wednesday.
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
A single winning ticket was sold for Powerball's Christmas Eve jackpot of $1.817 billion, in Arkansas. It was the second-largest U.S. lottery jackpot ever won.
Traffic safety regulators are reviewing a motorist's complaints that the manual door handles on some Model 3 cars are hard to find, a potential hazard in a crash.
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
Oakland County officials say it has taken immediate action after water tests detected Legionella bacteria at the courthouse.
President Trump on Thursday signed an executive order to reclassify marijuana. While it might seem like a small move, it opens a new door for the industry as a whole.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
Henry Ford Health has announced new labor agreements with registered nurses and radiology technicians at its Rochester hospital.
A Michigan hospital is asking members of the public to raise their flashlights as well as the spirits of children during the holiday season.
The University of Michigan has hired former longtime Utah football coach Kyle Whittingham to lead the Wolverines.
Ryan Kennedy, along with attorneys, held a press conference on Friday, denying allegations that he made racial comments toward Metcalf during the Dec. 21 game in Detroit.
Jared Goff and the Detroit Lions have gifted the division rival Green Bay Packers a spot in the playoffs.
Jordan Addison took a jet sweep handoff 65 yards for the game-sealing touchdown with 3:43 left after the Minnesota Vikings forced six turnovers and eliminated the Detroit Lions from contention for the playoffs with a 23-10 victory.
The Minnesota Vikings host the Detroit Lions in Week 17 of the 2025 NFL season on Christmas Day.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The state of Michigan can do better when it comes to raising the bar on K-12 public education.
The Detroit show will attract hundreds of thousands to the area as automakers, tech companies and more gravitate to downtown Detroit.
This week on Michigan Matters, Carol Cain speaks with retail owners and entrepreneurs ahead of the holiday season.
Temperatures spike this weekend to near 50 on Sunday as heavy rain arrives.
U.S. safety regulators are investigating some Tesla Model 3 vehicles after a complaint involving the car's door handles. Paul Eisenstein, editor of Headlight.News, joins CBS News Detroit to weigh in.
The University of Michigan hired former longtime Utah football coach Kyle Whittingham to lead the Wolverines, university sources told CBS News Detroit.
Thursday's loss put an end to the Detroit Lions' hopes of getting into the playoffs, and now the team and head coach Dan Campbell are taking a moment to reflect on what didn't work.
The Riverstone Apartment complex in Southfield, Michigan, is usually a quiet area, but instead of Christmas festivities on Thursday, the neighborhood was met with lights and sirens.