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.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
A Black man in Ohio, Frank Tyson, seen handcuffed and facedown on a bar floor in the video, died in police custody. Officers involved have been placed on paid administrative leave.
Sabreen Erooh had survived an emergency cesarean section after her mother was fatally wounded in an Israeli airstrike.
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
Alabama has set a July 18 execution date for a man convicted in the 1998 shooting death of a delivery driver who had stopped at an ATM.
Hundreds of people have been arrested in California, New York, Massachusetts, Texas, Georgia and other states during the tense protests on college campuses.
A 20-year-old British man has been charged with plotting an arson attack on a Ukraine-linked target in London at the behest of Russia.
The Heisman Trophy was returned to former University of Southern California running back Reggie Bush Thursday after a 14-year dispute with the NCAA.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
A look at the features for this week's broadcast of the 2023 News & Documentary Emmy-winner for Outstanding Recorded News Program, hosted by Jane Pauley.
If ratified, one effect of the change is that it could allow for the American church to authorize same-sex marriages within the church.
The Heisman Trophy was returned to former University of Southern California running back Reggie Bush Thursday after a 14-year dispute with the NCAA.
A new rule will affect frozen breaded and stuffed raw chicken products that appear to be fully cooked but are only heat-treated.
The National Highway Traffic Safety Administration is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.
Some 46.8% of luxury homes were bought entirely with cash in the three months ended February 29, the highest share in a decade, according to Redfin.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
U.S. regulators are reviving a rescinded rule, laying the groundwork for for a major court fight with the broadband industry.
Follow live updates as former President Donald Trump's criminal trial continues in New York.
Trump has in the past railed against absentee voting, declaring that "once you have mail-in ballots, you have crooked elections."
After meeting China's leader Xi Jinping, Antony Blinken says both sides agree that difficult discussions are essential to avoid "any miscalculations."
President Biden finds familiar and active allies for his reelection bid with labor union endorsements.
Former National Enquirer boss David Pecker appeared on the stand for the third day, detailing an agreement the tabloid made with a former Playboy model.
Are you using your smartwatch to the fullest? Here are 4 metrics doctors say can be useful to track beyond your daily step count.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
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.
A Bucharest court has ruled that a case against social media influencer Andrew Tate meets the required legal criteria and can go ahead, but there's no date set yet.
A 20-year-old British man has been charged with plotting an arson attack on a Ukraine-linked target in London at the behest of Russia.
In Tanzania, heavy rains have affected more than 200,000 people and ruined major infrastructure, officials said.
A pair of bears picked the wrong person to mess with when they approached a 50-year-old karate practitioner.
Sabreen Erooh had survived an emergency cesarean section after her mother was fatally wounded in an Israeli airstrike.
Preview: In an interview to be broadcast on "CBS News Sunday Morning" April 28, the Oscar-nominated actress also talks about her debut as a singer-songwriter with the album "Glorious."
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.
Italy's Culture Ministry has banned loans of works to the Minneapolis Institute of Art, following a dispute with the U.S. museum over an ancient marble statue believed to have been looted from Italy almost a half-century ago.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Are you using your smartwatch to the fullest? Here are 4 metrics doctors say can be useful to track beyond your daily step count.
Local and federal authorities face challenges in investigating and prosecuting romance scammers because the scammers are often based overseas. Jim Axelrod explains.
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.
U.S. regulators are reviving a rescinded rule, laying the groundwork for for a major court fight with the broadband industry.
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.
Pediatrician Dr. Mona Hanna-Attisha, whose work has spurred official action on the Flint water crisis, told CBS News that it's stunning that "we continue to use the bodies of our kids as detectors of environmental contamination." She discusses ways to support victims of the water crisis, the ongoing work of replacing the city's pipes and more in this extended interview.
Ten years ago, a water crisis began when Flint, Michigan, switched to the Flint River for its municipal water supply. The more corrosive water was not treated properly, allowing lead from pipes to leach into many homes. CBS News correspondent Ash-har Quraishi spoke with residents about what the past decade has been like.
According to the University of California, Davis, residential energy use is responsible for 20% of total greenhouse gas emissions in the U.S. However, one company is helping residential buildings reduce their impact and putting carbon to use. CBS News' Bradley Blackburn shows how the process works.
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.
A Bucharest court has ruled that a case against social media influencer Andrew Tate meets the required legal criteria and can go ahead, but there's no date set yet.
After Kristen Trickle died at her home in Kansas, her husband Colby Trickle received over $120,000 in life insurance benefits and spent nearly $2,000 on a sex doll supposedly to help him sleep.
Expert panel discussion centers the focus on the disparity that 1 in 3 victims of crime in Chicago is a Black woman
The State of New York Court of Appeals overturned Harvey Weinstein's 2020 rape conviction Thursday and has ordered a new trial. Julie Rendelman, a criminal defense attorney, and CBS News national correspondent Jericka Duncan look at the possible reasons why it was overturned and what it means for Weinstein, who was also convicted of rape in Los Angeles in 2022.
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.
Astronauts Barry Wilmore and Sunita Williams say they have complete confidence in the Starliner despite questions about Boeing's safety culture.
In 1961, Ed Dwight was selected by President John F. Kennedy to enter an Air Force training program known as the path to NASA's Astronaut Corps. But he ultimately never made it to space.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
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."
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.
Trillions of cicadas are emerging in some parts of the country after laying dormant for more than a decade. In Illinois, two broods will co-emerge for the first time in over 200 years. The collective noise from the insects can be as loud as a jet engine. Jonathan L. Larson, extension entomologist for the University of Kentucky, joined CBS News to discuss the emergence.
The judge in Donald Trump's "hush money" trial says more arguments will be heard next Thursday over whether the former president should be held in contempt for allegedly violating the gag order set in the case. CBS News correspondent Errol Barnett has more on that and the resumption of testimony from former National Enquirer publisher David Pecker.
Former National Enquirer publisher David Pecker's testimony will continue in Donald Trump's New York criminal trial Friday morning, a day after he revealed new details about the alleged "catch and kill" scheme he engaged in for the Trump campaign in 2016. CBS News correspondent Errol Barnett has more.
Demonstrations over the war in Gaza are growing on college campuses across the country. Columbia University students are digging in for their 10th day of demonstrations after the school retreated from its midnight deadline to break up an encampment. CBS News Boston reporter Penny Kmitt reports from Northeastern University where another encampment has been built as part of protests there.
An American tourist in Turks and Caicos is out on bail after he was arrested by airport security when they allegedly found ammo in his luggage. Ryan Watson says it was mistakenly in his bag, but he's now facing a potential mandatory minimum sentence of 12 years behind bars. CBS News senior travel adviser Peter Greenberg has more.