Income Tax
Americans are appalled by the size of their taxes, but not Andy Rooney. He's appalled by the size of the tax form.
1040
These tax errors could delay your refund
We're less than a month out from tax day and if you still haven't filed there are some common mistakes you should try to avoid to make sure you get your refund in a timely fashion. Medora Lee, money and personal finance reporter for USA Today, joined CBS News with tips.
More Americans facing tax refund "disappointment"
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Tax advantages of couples filing separately
Alicia Jegede, a CPA and founder of New Gen Financial Planning, discussed the potential benefits and drawbacks of married couples filing their taxes separately and jointly.
MoneyWatch: How to not fall behind on paying taxes
What happens if you don't pay your taxes correctly or on time? David Ragland, certified financial planner and CEO of IRC Wealth, joins CBS News' Errol Barnett and Lana Zak with his insight.
Last-minute tax filing tips
The tax deadline is just one week away. Richard Rubin, U.S. tax policy reporter from The Wall Street Journal, joins CBS News to discuss last-minute tips, how the IRS notifies filers of any issues and the status of the IRS' backlog.
Americans facing shrinking tax refunds as inflation remains high
By one estimate, roughly 70% of Americans worry about tax refunds this year, mainly because of expiring pandemic relief programs.
Americans rush to file taxes ahead of deadline
As the deadline to file taxes approaches, the IRS continues to deal with a massive backlog and staffing shortages. Debra Alfarone reports.
IRS deals with major backlog ahead of Tax Day
The IRS is still working through a massive backlog of last year's tax returns, which could delay refunds for some this year. Paper returns have put a strain on processors. Scott MacFarlane takes a look.
Tax season deadline approaches
Monday is the deadline for most Americans to file their 2021 tax returns. CBS News' Tanya Rivero and Michelle Miller sit down with Dorothy A. Brown, an author and law professor at the Emory University School of Law, to break down some tips taxpayers should know before tax season comes to an end.
When to expect your tax refund
The IRS started processing tax returns this week. Here's when to look for your refund.
Form 1040? Simple. Its 6 new schedules? Harder
The new Form 1040 is one page with just 23 lines, but for many taxpayers, the challenge will be Schedules 1 through 6
Tax returns: How the government shutdown, new law will impact you
Tax filing officially kicks off on Monday. Here's what taxpayers need to know about 2019's tax season
Here's the new "postcard-sized" IRS Form 1040
A draft of the new Form 1040 eliminates 78 lines by moving popular deductions off the form -- and onto worksheets
7 tax deductions for the self-employed
If you’re your own boss, you need to know about these breaks -- or you might wind up paying more tax than required
3 kinds of tax credits you could qualify for
These dollar-for-dollar reductions in your tax bill could save you plenty, so don’t ignore them
12 tips for cutting your tax bill
These simple strategies can help taxpayers hold on to as much of their income as possible
Not every taxpayer has to file a tax return
In many situations, there’s no requirement to do so, but the conditions that free you from filing aren't exactly simple
Don't make yourself a target for an IRS audit
If you want to lower your chances of being selected for one, you need to know what can trigger it
Fewer IRS audits doesn't mean you're home free
The odds of having your tax return scrutinized may be low now, but not zero -- and will likely go back up again
10 tax deductions you don't need to be wealthy to claim
They're called "adjustments to income" because they lower your gross income, and you don't have to itemize to claim them
Charitable givers, Trump's tax plan means move fast
Some of his proposed changes could result in smaller deductions for donations, especially for high-income taxpayers
Year-end tax planning: More savvy moves to take
This second collection of tips for lowering your 2016 tax bill applies to homeowners, the self-employed and investors
How Donald Trump's tax plan could affect your 1040
The president-elect's campaign proposals have a long way to go before they're the new rules, but here's how it looks now
Year-end tax planning: Don't wait for year-end
This is a good time to focus on the financial transactions that will result in lowering the tax liability on your 2016 tax return
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