How the "big, beautiful bill" helps car buyers save money on taxes
The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.
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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.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
America's global trading partners are bristling at President Trump's tariff tactics, but many also stress a desire to strike new deals with the U.S.
Reaction to Trump's 25% auto tariffs include neighbors who insist "there shouldn't be any tariffs," to adversaries who say nobody will win a trade war.
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.
The letter falsely informs recipients of an overdue tax bill, instructing them to immediately call the provided number. It also states that they will seize their property if the payment is not made.
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
Millions of taxpayers continue to struggle with delays in refunds from the IRS, a new tax advocate report says.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
City officials said payments will be made through a secure platform and managed by PayPal.
Donald Trump's victory in the 2024 presidential election is likely to have a major impact on the economy. Here's what to know.
2025 contribution limit for 401(k) plans is $23,500, up from $23,000 in 2024. IRA contribution limit remains $7,000.
One person accused of defrauding Michigan gubernatorial candidates in a 2022 signature fraud case was sentenced on Wednesday to four to 20 years in prison.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
Michigan celebrated its best women's basketball players for the first time this season, honoring Diane Dietz, Katelynn Flaherty Yates and Naz Hillmon by raising maize banners to the rafters at Crisler Center with their names and number in blue.
A horse that was outside amid blizzard conditions in the Upper Peninsula found shelter with the help of Michigan State Police.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
A fiery crash involving a car and a semi was under investigation Wednesday afternoon in Canton, police said.
During the nearly 40-minute speech, Vance spoke about the SAVE America Act, Michigan manufacturing jobs and the attack on Temple Israel.
Michigan Sen. Elissa Slotkin has introduced legislation aiming to set limits on how and when the Department of Defense can use AI.
A Canadian man was arrested after he walked across the not-yet-open Gordie Howe International Bridge, the U.S. Customs and Border Protection agency said.
One person accused of defrauding Michigan gubernatorial candidates in a 2022 signature fraud case was sentenced on Wednesday to four to 20 years in prison.
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.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
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.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Fed officials are grappling with a host of economic challenges, from stubborn inflation to a slowing job market.
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
Acting deputy TSA administrator Adam Stahl says the situation will get worse the longer the agency and the Department of Homeland Security don't receive funding.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
China Reynolds' son, Auggie, could be waiting for the next 6 to 12 months in the hospital until a new heart is available.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
Michigan celebrated its best women's basketball players for the first time this season, honoring Diane Dietz, Katelynn Flaherty Yates and Naz Hillmon by raising maize banners to the rafters at Crisler Center with their names and number in blue.
Wisconsin lawmakers are taking a shot at expanding sports betting in the state.
Eastern Michigan has hired Clemson assistant Billy Donlon to coach its basketball team, a week after parting ways with Stan Heath.
Jalen Duren had 36 points and 12 rebounds for the Eastern Conference-leading Detroit Pistons, who lost fellow All-Star Cade Cunningham to back spasms in the first half of a 130-117 victory over the Washington Wizards.
Michigan's basketball program has a shot to win its first national title since 1989 thanks to a rebuild under Dusty May.
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.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
Senate Homeland Security Chairman Rand Paul criticized Senator Markwayne Mullin during his confirmation hearing, calling him a "man with anger issues."
Communities across Michigan participated in a statewide tornado drill on Wednesday.
In 1913, Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
Vice President JD Vance, in a Michigan visit Wednesday, said the Trump administration is "doing everything we can" to make sure that gas prices return to the price range that was commonly seen earlier this year.
Police in Canton, Michigan, are on the scene of a fiery crash involving a car and a semi-truck on Wednesday in the area of Ford Road and Haggerty Road, near Interstate 275, in Wayne County. Police say nine people were injured and transported to a hospital. Their injuries range from minor to critical.