How to claim child credit money on your taxes this year
Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.
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.
Several House Democrats in swing districts are concerned about their political fate ahead of the midterm elections. Looking for a way to drive voters to the polls, some of these lawmakers are suggesting breaking up the Build Back Better Act. The Biden administration's key spending bill currently faces uncertainty in the Senate. Washington Post congressional reporter Marianna Sotomayor joins CBSN to break down the strategy discussions on Capitol Hill.
American families who depended on the enhanced child tax credit for extra income will not receive payments in January. Stormy Johnson, a mother and student support specialist in West Virginia, joined CBSN to discuss how the lapse is affecting her community and her message to West Virginia Senator Joe Manchin, who opposes the enhanced credit's extension.
Cash payments of up to $300 per child are ending as inflation and winter take a toll. Many parents are worried.
The Internal Revenue Service will begin accepting and processing 2021 federal tax returns on Monday, January 24. That comes as about 36 million families stop getting child tax credit payments. CBS MoneyWatch reporter Aimee Picchi spoke with Jericka Duncan on CBSN to review tips for filing tax returns and getting any refund as efficiently as possible.
Treasury officials warn filing taxes is going be a challenge this year due to the ongoing pandemic and a lack of resources at the Internal Revenue Service. CBS News reporter Sarah Ewall-Wice joins Lilia Luciano on CBSN to discuss.
Filing season opens January 24 and Treasury officials are urging taxpayers to get their tax returns in as early as possible.
Some Americans may see smaller-than-expected tax refunds in 2022 due to the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joins CBSN to explain what people need to know before filing their returns.
Many American families could be eligible to claim tax breaks in 2022 but only if they take steps now. CBS News MoneyWatch reporter Aimee Picchi joins Elise Preston on CBSN to discuss what should people do to maximize those tax credits.
Starting in January, millions of families across the country will no longer receive an expanded version of the Child Tax Credit. CBS News chief legal correspondent Jan Crawford joins “CBS Mornings” to break down how this could impact families.
The monthly enhanced child tax credit benefit is likely to be halted for January without an extension from Congress, according to the IRS. CBS News political contributor and Democratic strategist Antjuan Seawright joined CBSN to discuss the child tax credit's impact so far and what could happen next.
West Virginia Senator Joe Manchin met virtually Tuesday with other Senate Democrats to talk about a way forward on the president's social and climate spending bill. CBS News congressional correspondent Nikole Killion joins CBSN's Tanya Rivero with more.
The tax code saw some major changes in 2021. Some tax breaks may not return in 2022, so make sure you don't lose out.
Senator Joe Manchin of West Virginia is resisting a one-year extension of the expanded child tax credit in President Biden's roughly $2 trillion social and climate spending package. The Democrat's stance on the provision is likely to delay passage of the bill until next year. Yeganeh Torbati, an economic policy investigative reporter for The Washington Post, joins CBSN's Lana Zak to discuss Manchin's opposition.
As stimulus programs wind down, experts warn that slashing the Child Tax Credit could put many families "on the brink."
Wednesday could be the final monthly payment for parents getting help from the Biden administration's change to the Child Tax Credit. CBS News reporter Sarah Ewall-Wice spoke with CBSN's Tanya Rivero about why the checks for the expanded credit could be at risk.
The December 15 payment could be the last and final monthly check unless lawmakers renew the benefit for 60 million kids.
The IRS has told some lawmakers the bill needs to pass by December 28 for payments to continue smoothly heading into January, according to Senate and House congressional aides.
November 15 is the deadline to register for the monthly advanced payment of the expanded tax credit.
Millions of parents should have more money in their bank accounts Monday. The government is shelling out around $15 billion to about 36 million families with the fifth payment from the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
The suspect's grandfather also told CBS News that the boy texted his mother on the morning of the shooting, "I'm sorry."
Authorities said the suspect was at large in what it described as an active shooter situation.
In a statement, the Harris campaign says Trump's Taliban deal "set a virtually impossible deadline" for the withdrawal of U.S. troops in Afghanistan.
At the University of Michigan game against Texas, fans will be reminded of J.D. Vance's ties to its bitter rival, Ohio State University.
The family of Aysenur Eygi, a U.S. citizen who was shot and killed in the West Bank on Friday, is demanding an independent investigation into her death.
This is the second Grand Slam title for Aryna Sabalenka, a 26-year-old from Belarus.
Paul Goldsmith was a legendary racer known for his versatility in both two and four-wheel racing.
About 12 people a day die waiting for a transplant. Kristie Sue Hathaway has saved two.
Bryce Johnathan Schubert, 27, a neighbor, was arrested for her alleged murder, Beaverton Police said.
The suspect's grandfather also told CBS News that the boy texted his mother on the morning of the shooting, "I'm sorry."
Authorities said the suspect was at large in what it described as an active shooter situation.
This is the second Grand Slam title for Aryna Sabalenka, a 26-year-old from Belarus.
Rutgers University has ordered an investigation of its gymnastics program after its coach was accused of abuse.
Paul Goldsmith was a legendary racer known for his versatility in both two and four-wheel racing.
The recall covers certain Ram pickup trucks from the 2019 and 2021 through 2024 model years, mostly in North America.
Nearly 134,000 cases of multiple brands of apple juice are now being recalled because of of potential contamination.
Mark Cuban, Barry Diller and James Murdoch among the prominent business world figures backing Kamala Harris' bid for the White House.
Social Security Administration cited a "hardware issue" after it had to close offices and suspend personalized online services.
Once the deal is finalized, the seafood chain will operate under a new CEO — Damola Adamolekun, former chief executive of P.F. Chang's.
In a statement, the Harris campaign says Trump's Taliban deal "set a virtually impossible deadline" for the withdrawal of U.S. troops in Afghanistan.
At the University of Michigan game against Texas, fans were reminded of Sen. J.D. Vance's ties to its bitter rival, Ohio State University.
Dr. Cornel West and and his running mate, Dr. Melina Abdullah, will also appear on the ballots of the battleground states of Michigan, Wisconsin, North Carolina and Georgia.
House Republicans released a bill to avoid a looming partial government shutdown at the end of September.
Government data shows while there was an 18-month period with no U.S. troop deaths in Afghanistan, Trump was not in office for all of this time.
About 12 people a day die waiting for a transplant. Kristie Sue Hathaway has saved two.
Ultra-processed foods now make up over half of an average American adult's diet and two-thirds of an American child's.
The case raises questions about how the person was exposed to the virus. All the previous U.S. infections were among people who worked around cows and poultry.
Nearly 134,000 cases of multiple brands of apple juice are now being recalled because of of potential contamination.
A nationwide listeria outbreak blamed for nine deaths is turning into a potential legal nightmare for food maker Boar's Head.
The family of Aysenur Eygi, a U.S. citizen who was shot and killed in the West Bank on Friday, is demanding an independent investigation into her death.
The site for the memorial is close to the ceremonial route of The Mall and to Buckingham Palace, the home of her son, King Charles III.
The typhoon was described by Vietnamese meteorological authorities as "one of the most powerful typhoons in the region over the past decade."
A man accused of planning a terror attack at a New York City Jewish center was arrested in Canada, officials say.
The Grammy-winning musician's composition "Mas Que Nada" was one of the songs that helped popularize the Brazilian music genre bossa nova worldwide in the 1960s.
On Saturday Sessions this morning is the indie-folk sounds of Canada's Wild Rivers. Formed in Toronto, the trio first met while attending Queen's University, and were soon wowing audiences with their emotional lyrics and rich harmonies. Here is Wild Rivers with "Thinking 'Bout Love."
On Saturday Sessions this morning is the indie-folk sounds of Canada's Wild Rivers. Formed in Toronto, the trio first met while attending Queen's University, and were soon wowing audiences with their emotional lyrics and rich harmonies. Here is Wild Rivers with "What Kind of Song."
On this Saturday Sessions is the indie-folk sounds of Canada's Wild Rivers. Formed in Toronto, the trio first met while attending Queen's University, and were soon wowing audiences with their emotional lyrics and rich harmonies. Here to perform the title track from "Never Better" is Wild Rivers.
The Grammy-winning musician's composition "Mas Que Nada" was one of the songs that helped popularize the Brazilian music genre bossa nova worldwide in the 1960s.
A watchdog agency in the U.K. is launching an investigation into the way more than 1 million tickets were sold for Oasis' reunion tour happening next year in the U.K. and Ireland. Fans waited in hours-long virtual lines and many say they ended up paying more than double the advertised price.
Early Saturday morning, a chapter of the ongoing space saga involving two U.S. astronauts came to a close when Boeing's Starliner capsule returned to earth from the International Space Station, but with no one aboard. Mark Strassmann has the latest.
In addition to Apple Intelligence, here are the upgrades widely expected to be included in the latest iPhone models.
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.
The FBI's Internet Crime Complaint Center saw more than 880,000 complaints last year, a 10% increase from 2022. Dan Ackerman, editor-in-chief of Micro Center News, joins "CBS Mornings" to discuss the rise of these threats.
Brazilian Supreme Court Judge Alexandre de Moraes ordered the suspension of Elon Musk's social media giant X in Brazil after the billionaire refused to name a legal representative in the country.
The case raises questions about how the person was exposed to the virus. All the previous U.S. infections were among people who worked around cows and poultry.
The world is struggling to manage growing piles of plastic waste, and a new report is bringing to light the problem of burning plastics. Annually, the world produces 440 million tons of plastic each year, but the majority of plastic is often tossed in the trash. CBS News senior national and environmental correspondent Ben Tracy has more.
CBS News Climate Correspondent David Schechter explores cooling solutions to stay healthy and safe as climate change makes our planet hotter.
The National Oceanic and Atmospheric Administration outlook through November indicates warmer than average temperatures are expected in 2024. CBS News national environmental correspondent David Schechter reports.
Researchers discovered the first known case of a porbeagle shark likely being killed by a large shark predator, raising questions about whether this rare instance represents a larger trend.
The grandfather of the 14-year-old suspect in the Apalachee High School shooting in northern Georgia told CBS News in a phone interview that the boy texted his mother on the morning of the shooting, "I'm sorry." Dave Malkoff has more.
Authorities said the suspect was at large in what it described as an active shooter situation.
Bryce Johnathan Schubert, 27, a neighbor, was arrested for her alleged murder, Beaverton Police said.
A grieving community gathered to remember the four people killed at a Georgia high school shooting this week. Friends, city leaders and members of Congress attended the vigil on Friday night. Earlier in the day, the 14-year-old alleged shooter made his first court appearance.
The 14-year-old suspect in the deadly shooting at Apalachee High School in Winder, Georgia, made his first court appearance Friday. His father, who was arrested on second-degree murder charges in connection with the shooting, also appeared in court in a separate hearing. Authorities allege that the suspect's father gave his son the firearm that was used in the massacre as a gift in December 2023. Jericka Duncan reports.
Boeing's Starliner spacecraft departed the International Space Station on Friday just after 6 p.m., starting a journey back to Earth without any crew on board. The ship is expected to drop out of orbit and plunge to a landing at White Sands, New Mexico, just after midnight Eastern Time.
The Starliner slammed into the discernible atmosphere 400,000 feet above the Pacific Ocean before descending to a parachute-and-airbag assisted touchdown.
NASA has decided to fly Boeing's Starliner spacecraft back from the International Space Station without astronauts due to safety concerns. The spacecraft is expected to land in New Mexico just after midnight, weather permitting, marking another setback in the troubled multi-billion-dollar program.
Leaving its crew behind, the Starliner is expected to undock and head for landing in New Mexico to wrap up a disappointing test flight.
Crew 9 commander Zena Cardman and Stephanie Wilson will stay behind when the Crew 9 mission takes off on Sept. 24.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
On any given Wednesday in the heart of San Francisco, a unique community comes to life. They're known as slackliners, an eclectic group of people connected by their love for balance, precision and a touch of daring. Itay Hod has more.
Early Saturday morning, a chapter of the ongoing space saga involving two U.S. astronauts came to a close when Boeing's Starliner capsule returned to earth from the International Space Station, but with no one aboard. Mark Strassmann has the latest.
Thousands of Israeli demonstrators took to the streets again Saturday, demanding their government make a deal to bring Hamas-held hostages home. Rather than work towards an agreement to release the hostages and bring a cease-fire to suffering Gazan Palestinians, Israeli protesters accuse Prime Minister Benjamin Netanyahu of stalling. Elizabeth Palmer reports from Tel Aviv.
Vice President Kamala Harris and former President Donald Trump are getting ready for their debate Tuesday in Philadelphia, but in vastly different ways. Weijia Jiang reports.
The grandfather of the 14-year-old suspect in the Apalachee High School shooting in northern Georgia told CBS News in a phone interview that the boy texted his mother on the morning of the shooting, "I'm sorry." Dave Malkoff has more.