Bezos says bottom half of U.S. earners should pay no federal income tax
The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
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The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
The IRS started accepting tax returns on Jan. 26. Here's everything you need to know about getting your tax refund.
Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
Congressional budget writers are trying to put the final framework together on President Trump's massive $4.5 trillion tax cut plan. But finding the additional spending cuts is proving difficult. Andres Gutierrez reports that service workers are worried Trump's touted no tax on tips plan could be off the menu.
April 15 is the deadline to file your taxes, unless you live in one of the states the IRS is allowing people to request an extension due to natural disasters. CPA and Bankrate reporter Kemberley Washington shares some last-minute tax tips.
Most Americans don't know their own tax rate or what others pay to the IRS, yet most feel their taxes are too high.
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax return in your name, potentially running off with your refund.
If you're still working from home, you might be looking into some home office deductions as you prepare your taxes. Money and personal finance reporter Medora Lee joined CBS News to discuss those potential deductions and other tax tips.
It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has a look at some of what's different this year.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
Each presidential candidate is proposing significant changes to the tax code. Here's who would win and lose.
Project 2025, the plan from the conservative think tank Heritage Foundation, aims to overhaul several portions of the federal government. Some of the proposed changes include a restructuring of the tax code. Howard Gleckman, senior fellow at the Urban Institute, joins CBS News to examine the plan's potential impacts and practicality.
The Supreme Court upheld a Trump-era tax on foreign earnings Thursday. In a 7-2 ruling, justices said the policy, which imposes a one-time tax on Americans with shares of foreign companies, is constitutional. CBS News legal contributor Jessica Levinson unpacks the decision.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file.
President Biden was pitching his tax plan in his hometown of Scranton, Pennsylvania, on Tuesday. The president argued everyone needs to pay their fair share. CBS News chief White House correspondent Nancy Cordes has the details.
The tax filing deadline for most Americans is April 15. Pratik Patel, head of family wealth strategies for BMO Family Office, joined CBS News with some helpful advice to avoid common filing mistakes.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Tax season is officially underway. The Internal Revenue Service says they're anticipating more than 146 million individual tax returns to be filed by the April 15 deadline. CBS News business analyst Jill Schlesinger shares some useful tax tips for filers.
The Supreme Court heard arguments Tuesday in a case that could scramble the tax code. CBS News legal contributor and Loyola Law School professor Jessica Levinson joins to unpack what's at stake.
High-income people in cities such as New York and San Francisco can save up to $200,000 a year by migrating to Miami, study finds.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
In some cities, the milestone income falls way short of a six-figure lifestyle, a SmartAsset analysis shows.
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.
Iran attacked Jordan, Kuwait and the UAE, claiming retaliation for the latest U.S. strikes as the war in the Middle East ramps back up.
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
Karen Read's first trial ended with a hung jury. Here's a look at how those deliberations played out as the Lindsay Clancy jury says it is deadlocked.
Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
Upper Pottsgrove Police Cpl. Sean Farrell was charged with voluntary manslaughter in the fatal shooting of Glenwood Earl Pysher IV on Aug. 23, officials said.
Incumbent Sen. Ed Markey has won the Democratic nomination for U.S. Senate in Massachusetts.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
Court documents show that Tiger Woods plans to change his not guilty plea in a DUI case stemming from a rollover crash in Florida.
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
The U.S. bond market influences how much American consumers pay for loans and the interest they can earn on their savings accounts.
Employers are likely to offer limited salary increases in 2027 amid ongoing economic uncertainty, according to a survey of 1,000 businesses.
A potential wiring issue could lead to vehicles losing power or disruption of other functions, such as windshield wipers and headlights.
At least 20 generals, admirals and civilian defense leaders have been fired or have departed their jobs since Pete Hegseth became defense secretary at the beginning of the second Trump administration.
The House Ethics Committee detailed the North Carolina Republican's "unprofessional and inappropriate conduct" toward two young women who worked for him.
GOP leaders scheduled the vote after Democratic primary voters embraced a number of democratic socialist candidates.
President Trump framed last week's deal for the U.S. government to take a stake in Venezuelan oil as a boon for the depleted Strategic Petroleum Reserve. But the plan faces some hurdles, experts say.
The House on Tuesday passed a measure to extend government funding into December, averting a shutdown in the final stretch of the midterm campaign.
Dr. Temeka Zore, a double board-certified OB-GYN and fertility specialist, joined "Healthful" for a deep dive on all things fertility, from endometriosis to PMOS (formerly known as PCOS) to egg freezing.
The true cost of "vertical integration": Patients directed to a higher-priced location for procedures. Or forced to buy from their insurer's wholly owned pharmacy, which may not stock the drug prescribed or provide it at the lowest price.
The White House said the agreements will reduce costs to treat Parkinson's disease, macular degeneration, glaucoma, liver disease and other illnesses.
Marc Gaudisosi thought his symptoms were caused by a sinus infection. Then an urgent care told him to go to the hospital.
Juul plans to market the new device under the brand name Juul2, along with updated versions of its tobacco- and menthol-flavored cartridges.
Iran attacked Jordan, Kuwait and the UAE, claiming retaliation for the latest U.S. strikes as the war in the Middle East ramps back up.
Spain's Prime Minister Pedro Sánchez says "networks linked both to Russia and to Israel" helped spread rumors about immigration "to attack Europe and divide it."
The case has drawn parallels to that of Gisèle Pelicot, who publicly testified against her ex-husband in a 2024 mass rape trial.
Nepali officials tell CBS News they have contacted a U.S. national among the more than 4,000 people still missing in the wake of the deadly flash floods.
The Trump administration's plan to take a stake in tens of billions of barrels of Venezuelan oil reserves will hinge on a private company called North American Blue Energy Partners, the White House announced Monday.
Danielle Brooks sits down with "CBS Mornings" to talk about her new movie, "If I Go Will They Miss Me," and how being a mother and wife helped her in portraying the role.
While performing in St. Louis on Saturday night, Lionel Richie appeared at one point to lean on a piano for support, according to video from the show.
John Galliano's exhibit for the 2027 Met Gala has been canceled after weeks of backlash over his past antisemitic and racist comments. CBS News fashion contributor Lauren Sherman reports.
A Las Vegas jury on Monday found Duane "Keffe D" Davis guilty in the 1996 murder of Tupac Shakur. CBS News legal reporter Katrina Kaufman has more.
The jury heard closing arguments Monday in the trial of Duane "Keffe D" Davis, the man accused of orchestrating the shooting that killed rapper Tupac Shakur. Celebrity attorney Chris Melcher joins to discuss the case.
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
John Ternus is stepping up and into the shoes of former Apple CEO Tim Cook. CBS News' Jo Ling Kent reports, plus Puck AI correspondent Ian Krietzberg shares his thoughts on the Apple turnover and the Hugging Face AI breach.
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.
MapQuest topped ChatGPT as Apple's most-downloaded free app after the digital mapping company said it would keep "historical, familiar" lake names.
John Ternus begins his tenure as Apple's new CEO on Tuesday, marking a historic shift for the company. Jo Ling Kent reports.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
Duane "Keffe D" Davis was convicted of first-degree murder nearly 30 years after the drive-by shooting that killed Tupac Shakur.
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
Judge Tony Graf said prosecutors have enough evidence against Tyler Robinson to put the 23-year-old on trial on a charge that could see him face the death penalty.
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
A 22-year-old college baseball player was gunned down in Pennsylvania last week after knocking on the wrong door. On Tuesday, a 58-year-old police corporal was charged with manslaughter. Tom Hanson reports.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
This week on Healthful, fertility is in focus. With one in six couples experiencing infertility, Dr. Temeka Zore joins Norah to discuss why it's important to reframe the struggles in getting pregnant as a medical disease — It is not your fault. The two discuss the misconceptions of endometriosis, PMOS (formerly PCOS) and egg freezing. Dr. Zore also shares her advice for women who are thinking about having children but aren't ready, and why she believes your menstrual cycle should be viewed as another vital sign like blood pressure and heart rate.
A judge ruled Tuesday that accused Charlie Kirk shooter Tyler Robinson will stand trial in the killing of the late conservative activist, where he could face the death penalty.
John Ternus officially took over for Tim Cook as Apple CEO on Tuesday, becoming the tech giant's first new leader in 15 years. CBS News' Jo Ling Kent reports and CBS News contributor Patrick McGee breaks down what to expect.
Michael Sanft, Duane "Keefe D" Davis' defense attorney, joins "The Daily Report" to discuss his client's conviction for the 1996 murder of Tupac Shakur and shares his concerns about the jury's "preconceived notions."
CBS News contributor Elliot Ackerman, a Marine Corps veteran, breaks down President Trump's military strategy as the U.S. launches new strikes over Iran's alleged interference with the passage of ships in the Strait of Hormuz.