Tax Day is here, but the expanded Child Tax Credit hasn't materialized
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
The 2021 child tax credit expansion positively impacted poverty rates in the United States during the pandemic. CBS News' Lana Zak is looking at the new benefits behind a proposed plan expansion, which would incrementally increase funds for qualified parents.
One analysis said bipartisan deal in Congress would boost the tax credit for 16 million children, lifting some out of poverty.
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
The deadline to submit your taxes is Tuesday. Mark Steber, a senior vice president and chief tax information officer at Jackson Hewitt Tax Service, joined "CBS News Mornings" with tips for last-minute filers and advice for making the process go as smoothly as possible.
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
Some Americans, especially those who don't pay taxes, may still be due some pandemic money, a government report says.
A new report from the Fed shows that 76% of Americans surveyed at the end of 2021 did not think that the U.S. economy was doing good; however, 78% said they were individually doing at least okay financially.
April 18 is the deadline for most Americans to file their tax returns. Rebecca Walser, president of Walser Wealth Management, shares tips for navigating filing this year, including advice for those who received a child tax credit or dabbled in the stock market.
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Nearly 4 million more U.S. children are living in poverty since the monthly checks ended in December, research shows.
The House passed a short-term funding extension to avoid a government shutdown which now heads to the Senate. CBS News congressional correspondent Scott MacFarlane joined CBS News' Tanya Rivero and Nancy Chen with the latest on getting the extension to President Biden's desk and other legislative priorities.
Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.
In this MoneyWatch report, millions of Americans are set to bet on Super Bowl LVI. The Justice Department has seized billions of dollars in stolen Bitcoin. And Americans should know about some big money-saving tax credits. CBS MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" with a breakdown.
The Biden administration is encouraging parents to file their taxes in order to receive the second half of the Child Tax Credit, which was part of the American Rescue Plan earlier in the pandemic. CBS News' Skyler Henry reports, and then CBS News reporter Sarah Ewall-Wice joins "Red and Blue" anchor Weijia Jiang with more details.
Families who received monthly payments in the second half of last year can still get up to $1,800 for children younger than 6 and $1,500 for children ages 6 to 17 as part of their refund.
The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" on the first day of tax season to discuss what Americans need to know when filing their taxes this year. She addresses specifics about the Child Tax Credit, stimulus payments, unemployment benefits and free resources for tax prep.
The Supreme Court convenes Thursday to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
As Israel's leader equates U.S. university protests to rallies in Nazi Germany, Palestinian students tell CBS News what the support means to them.
Haiti's embattled leader Ariel Henry has resigned as prime minister weeks after agreeing to step aside in a bid to quell months of bloodshed.
An Arizona grand jury indicted 18 people in connection with an alleged attempt to use alternate electors after the 2020 election.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
William Ray Grimes was indicted on charges of murder and burglary in the 2012 slaying of Lowell Badger, police said.
Two sources briefed on the situation told CBS News the agent spouted gibberish, was speaking incoherently and provoked another officer physically.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
A photo of the raft the man is believed to have used shows just a few long planks assembled together.
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.
More than two years after jet fuel leaked into the system supplying water to almost 93,000 people in Hawaii, families impacted are taking the U.S. government to trial.
Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.
Real GDP increased at an annual rate of 1.6% in the first quarter of 2024, according to initial estimate.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
Proponents say a sweeping ban on noncompete clauses should boost workers, but the new rules face serious legal challenges.
Egg prices are jumping as an outbreak of highly pathogenic avian influenza forces producers to slaughter millions of infected birds.
Follow live updates of Donald Trump's New York criminal trial, where former National Enquirer boss David Pecker is testifying for the third day.
Coal-fired power plants would have to capture smokestack emissions or shut down under a new EPA rule the industry says would make the grid less reliable. It's likely to face court challenges.
The Supreme Court convenes Thursday to consider whether former President Donald Trump is entitled to broad immunity from criminal charges in the 2020 election case.
An Arizona grand jury indicted 18 people in connection with an alleged attempt to use alternate electors after the 2020 election.
Two sources briefed on the situation told CBS News the agent spouted gibberish, was speaking incoherently and provoked another officer physically.
CDC's provisional figures show a 2% decline in births from 2022 to 2023.
Don't brush your teeth after breakfast? Or after vomiting? Dentists say it can wear away your enamel. Here's what to do instead.
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.
For the first time, surgeons at NYU Langone Health performed a combined mechanical heart pump and gene-edited pig kidney transplant into a living person.
The USDA had floated banning flavored milk options from some school lunches.
A mass stranding of long-finned pilot whales in Western Australia led to the deaths of 29 of the creatures that beached near a tourist town.
Haiti's embattled leader Ariel Henry has resigned as prime minister weeks after agreeing to step aside in a bid to quell months of bloodshed.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
As Israel's leader equates U.S. university protests to rallies in Nazi Germany, Palestinian students tell CBS News what the support means to them.
Looking for a place to live in NYC? Zillow is now listing Frank Sinatra and Mia Farrow's former home on the Upper East Side.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
Jerry Seinfeld and Jim Gaffigan reunite in the new movie "Unfrosted," directed by Seinfeld. The film humorously depicts the 1963 race between cereal giants Kellogg's and Post to invent the first breakfast pastry, featuring Seinfeld as a fictional Kellogg's executive and Gaffigan as the CEO.
Two-year-old Tyler Fabregas asked his mother "Where's Beyoncé?" in a viral TikTok video she posted last week from Manila.
Meta began rolling out its new AI-powered smart assistant software, saying it will be integrated across Instagram, Facebook and Messenger. Adam Auriemma, editor-in-chief for CNET, joined CBS News to discuss the new tool.
Lawmakers argue the Chinese government can use the widely popular video-sharing app as a spy tool and to covertly influence the U.S. public.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
Customers who rely on government assistance programs can get same perks as Prime members, for less.
Emerging cicadas are so loud in one South Carolina county that residents are calling the sheriff's office asking why they can hear a "noise in the air that sounds like a siren, or a whine, or a roar." CBS News' John Dickerson has details.
Representatives from across the world are gathering in Ottawa, Canada, to negotiate a potential treaty to limit plastic pollution. CBS News national environmental correspondent David Schechter has the latest on the talks.
"Although to some, the noise is annoying, they pose no danger to humans or pets," the sheriff wrote. "Unfortunately, it is the sounds of nature."
The White House is considering declaring a national climate emergency to unlock federal powers and stifle oil development, according to a Bloomberg report. Meanwhile, the Biden administration is announcing several projects this Earth Week. Columbia University Climate School professor Dr. Melissa Lott joins with analysis.
NASA's Voyager 1, the first spacecraft to travel beyond our solar system, has started sending information back to Earth again after scientists managed to fix the probe from 15 billion miles away.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
William Ray Grimes was indicted on charges of murder and burglary in the 2012 slaying of Lowell Badger, police said.
All this week, CBS News has been investigating online romance scams. In this final installment, Jim Axelrod looks at what law enforcement and lawmakers can do -- but also why it's important for the online dating industry to police itself.
Paul Grice, 31, was arrested and charged by Oklahoma authorities with murder and kidnapping in connection to the deaths of Veronica Butler and Jilian Kelley.
The Shenzhou 18 crew will replace three taikonauts aboard the Chinese space station who are wrapping up a six-month stay.
In November 2023, NASA's Voyager 1 spacecraft stopped sending "readable science and engineering data."
In two weeks, Boeing's Starliner spacecraft is scheduled to launch its first piloted test flight, bringing two veteran NASA astronauts to the International Space Station. Astronaut Matt Dominick joined CBS News from the ISS to talk about the mission and life in space.
A process called cryopreservation allows cells to remain frozen but alive for hundreds of years. For some animal cells, the moon is the closest place that's cold enough.
The Lyrid meteor show is set to peak as the week begins.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
Meta began rolling out its new AI-powered smart assistant software, saying it will be integrated across Instagram, Facebook and Messenger. Adam Auriemma, editor-in-chief for CNET, joined CBS News to discuss the new tool.
Another tense day of protests over the Israel-Hamas war is expected on college campuses across the country on Thursday. Hundreds of people have already been arrested since the demonstrations began. CBS News Boston reporter Penny Kmitt reports.
Former President Donald Trump's lawyers are in for a long day with the Supreme Court hearing Trump's immunity claim in Washington, D.C., and testimony resuming in his "hush money" case in New York. CBS News' Rob Legare and Errol Barnett have the latest on the two cases. And CBS News legal analyst Rikki Klieman has a breakdown of the New York case.
A New York appeals court overturned Harvey Weinstein's 2020 conviction on felony sex crimes. The court ruled that the disgraced movie mogul did not have a fair trial because the judge who presided over the case allowed women to testify about allegations that were not part of the charges against him. Weinstein will remain in prison because of his rape conviction in Los Angeles.
A Kansas woman is found dying from a gunshot wound. Evidence at the scene doesn’t add up, so a prosecutor gets creative. "48 Hours" correspondent Erin Moriarty reports Saturday, April 27 at 10/9c on CBS and streaming on Paramount+.