These 2 bills would erase income taxes for millions of Americans
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Watch CBS News
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Rishi Kapoor is facing multiple charges, including wire fraud, money laundering, failure to pay payroll taxes, tax evasion, failure to file tax returns, and bank fraud.
Florida lawmakers approved a sweeping tax-cut package that would suspend taxes on gun accessories, camping gear and American-made beer.
Miami-Dade County Commissioner Vicki Lopez said essential services would remain the top priority, but added that the debate could push governments to reevaluate their responsibilities.
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
If 60 percent of voters approve the measure, it would take effect in the 2027 tax year, but the Senate has not advanced anything similar yet.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
The House Ways & Means Committee voted 10-4 along party lines to limit the cap from 3% increase a year to 3% increase over 3 years.
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
Taxpayers can start filing their 2025 tax returns on Jan. 26, 2026, the IRS says.
Starting January 1, food-stamp recipients in five U.S. states will face restrictions on using the benefits to buy some sugary foods.
The new tourist tax imposes an 11% tax on the gross fares paid by a cruise ship's passengers to address climate change threats to Hawaii.
Concerns about inflation, tariffs and politics weighed on consumer sentiment in December, The Conference Board said.
Florida Republican Gov. Ron DeSantis outlined his proposed $117 billion state budget Wednesday, as the term-limited executive prepares to leave the state's top office.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
Federal clean-energy incentives, including a 30% residential solar credit, are expiring on New Year’s Eve after being eliminated in President Trump’s recent bill, raising concerns about higher costs and reduced consumer adoption.
The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall Street report says.
New tax cuts in the Republicans' "big, beautiful bill" act are retroactive to 2025, which means many Americans may get bigger refunds in early 2026. Here's why.
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.
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep."
A federal grand jury returned the indictment Wednesday, charging Joseph Stewart with tax evasion and filing false tax returns.
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.
Police are investigating possible connections and urge anyone with information to come forward.
Carlos Alcaraz has been eliminated in the third round of the Miami Open, losing to Sebastian Korda in three sets.
As Cubans in Miami rally and send critical aid to Havana, many hope their efforts will draw attention to the island's deepening crisis and inspire meaningful change.
Cuba has begun restarting its power grid after another nationwide blackout left millions without electricity.
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
Police are investigating possible connections and urge anyone with information to come forward.
Carlos Alcaraz has been eliminated in the third round of the Miami Open, losing to Sebastian Korda in three sets.
As Cubans in Miami rally and send critical aid to Havana, many hope their efforts will draw attention to the island's deepening crisis and inspire meaningful change.
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
In a 54 to 37 vote, two Democrats voted with all Republicans in attendance to advance Sen. Markwayne Mullin's nomination. A final confirmation vote is expected in the coming days.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Democrats are expected to eventually block the broader legislation.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
Wasserman Schultz pushed back against the suggestion that the United States was led into this war by Israel and its leader, Benjamin Netanyahu.
In advance of the trial, CBS News Miami spoke to Miami Herald federal courts reporter Jay Weaver about what Rubio is expected to say when he takes the stand.
Critics of the bill argue that the attacks on the teacher unions are part of a broader education strategy that has slowly been unfolding for the past 30 years.
Nixon is in the Democratic primary against Alex Vindman, the retired lieutenant colonel who was instrumental in causing Trump's first impeachment.
In a wide-ranging CBS News Miami interview with Jim DeFede, Byron Donalds discussed his troubled past, tensions with Gov. Ron DeSantis and his political views.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
A trial has been set in the San Francisco Bay Area for a Florida woman accused of providing a cosmetic injection that killed a woman who was known as a Kim Kardashian lookalike, prosecutors said.
The Sunshine state is on track to be the second-highest, with only nine cases behind Utah, and the numbers lagging by five days.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Local reports estimate that roughly 40,000 people gathered across central Seoul to watch K-pop band BTS reunite.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.