Here's how inflation will soon impact your tax bracket
Some of the biggest changes in at least a decade are in store as the tax agency raises the income thresholds for tax rates.
Income Tax
IRS to refund 1.6M people who missed tax deadlines during pandemic
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Tax filing deadline brings challenges
Monday marks the deadline for most Americans to file their individual income taxes. CBS News reporter Sarah Ewall-Wice joined "Red and Blue" to discuss the tax filing process, extensions, and issues at the IRS.
Here's what Biden, Harris and their spouses paid in 2021 taxes
The first and second couples released their tax returns Friday.
How to do your taxes in 2022
Learn about IRS Free File, TurboTax, H&R Block and other tax-prep services you need to know about now.
Tax changes to know about for 2022
There are only a few days left to gather your paperwork to file your 2021 taxes ahead of the deadline Monday, April 18, 2022. Professor Dorothy A. Brown, a tax law expert and author of "The Whiteness of Wealth: How the Tax System Impoverishes Black Americans - and How We Can Fix It," joined Lana Zak to talk about taking some of the pain out of the process.
Here's how to get your 2022 tax refund early
Here's a look at no-fee, 0% APR loan offers by leading commercial tax-prep services, including H&R Block.
Some Americans may see smaller tax refunds
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.
Democrats consider taxing billionaires
Democratic lawmakers are considering a billionaire income tax to help pay for President Biden's agenda. CBS News reporter Sarah Ewall-Wice joined CBSN's Tanya Rivero with more on how this tax would work.
Supreme Court debates release of Trump's financial records
Supreme Court justices on Tuesday heard arguments on whether President Trump can be forced to turn over his private financial records, including income tax returns. The extraordinary decision is expected this summer. Jan Crawford reports.
IRS issues 1.5 million tax refunds to people who collected jobless aid
As many as 13 million taxpayers who collected unemployment benefits last year may be eligible to get money back.
Why millions of unemployed Americans just got their tax refund
Some 2.8 million people who filed taxes early got refunds this week, while millions more could qualify for a payment.
IRS sending refunds to those who overpaid tax on unemployment benefits
As many as 10 million people who filed taxes before the American Recovery Plan was passed could be receiving tax refunds.
Biden releases his 2020 income tax returns
President Biden and first lady Jill Biden released copies of their joint 2020 federal income tax return on Monday as millions of people across the country faced a filing deadline. The first couple reported a gross income of $607,336 last year and paid $157,414 in federal income taxes, which was an effective federal income tax rate of 25.9%. Read more here.
Middle-class families may have a tax rate of zero — or less
American Rescue Plan's tax credits and stimulus payments are reducing income tax rates for many households.
Insight into Trump's finances
The publication of Donald Trump's 1995 income tax returns is renewing pressure on the Republican presidential candidate to release more information. The documents, obtained by the New York Times, show Trump reported almost a billion dollars in business losses on his income taxes. Jan Crawford takes a close look at what they reveal about Trump's finances.
April 15: Get ready to pay up if you owe quarterly taxes
Officials face pressure to delay as small business owners, freelancers and gig workers prepare for the first quarter deadline.
$10,200 in unemployment aid won't be taxed thanks to stimulus
The IRS has extended the filing deadline, but has yet to issue rules for workers who received unemployment benefits.
Eager for a stimulus check? Early tax filing might help
People whose income fell in 2020 or who had a baby may want to file quickly to ensure they get their full payment.
50 Cent says "vote for Trump" in response to Biden's tax plan
Under Biden's plan, people earning above $400,000 would see a tax rate increase of 37% to $39.6%.
9/28/20: Red and Blue
Fallout over NYT report on Trump's taxes; 2020 election to shape future of U.S. immigration
Trump reportedly avoided paying taxes for years
President Trump is refusing to directly address allegations he avoided paying any federal income tax for years. Ben Tracy has the latest.
Trump denies report on taxes ahead of debate
President Trump is on the defensive after a New York Times article revealed information about his tax records that he has spent years concealing. The Times report comes ahead of the first presidential debate between Mr. Trump and Joe Biden. CBS News White House correspondent Paula Reid reports on what the newspaper found, and CBSN political reporter Caitlin Huey-Burns joined CBSN from Cleveland to discuss the upcoming debate.
Trump attacks New York Times report on taxes
President Trump in a press conference on Sunday denied a New York Times report that alleged he avoided paying income taxes for years, and only paid $750 in income taxes in 2016 and 2017. Paula Reid reports.
Tax law changes you should know about
While the rules of the road for taxpayers aren't too different this year, some new laws are still worth noting before you file. CPA Jonathan Medows breaks down the biggest changes.
Live
Iran war pushes oil prices to 4-year high as Hegseth faces lawmakers
Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of attacks.
Exclusive
Coast Guard operating in "crisis" as shutdown halts pay, strains missions overseas
The Coast Guard will run out of funding to pay personnel on May 1, with the first missed paychecks expected May 15.
House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
Trump pulls Casey Means' nomination as surgeon general, naming new pick
President Trump blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
Suspect in D.C. shooting held in "safe cell," agrees to remain jailed ahead of trial
Cole Allen, 31, is facing three charges related to the attack outside the White House Correspondents' Dinner, including attempting to assassinate President Trump.
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Camp Mystic withdraws application for 2026 camp license, will not reopen
This comes on the heels of the first public hearing over last summer's Fourth of July floods that killed more than 100 people across the Hill Country, including 27 girls at Camp Mystic.
Louisiana suspends House primaries for May 16 elections
Louisiana Secretary of State Nancy Landry said Thursday that the state will suspend its May 16 House primaries in the wake of the Supreme Court striking down the state's Congressional map.
RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
U.S.
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Senate rejects 6th Iran war powers resolution ahead of 60-day deadline
The Senate rejected Democrats' sixth attempt to limit President Trump's authority to wage war on Iran.
Spotify's new badge identifies human artists as AI music floods include
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
Louisiana suspends House primaries for May 16 elections
Louisiana Secretary of State Nancy Landry said Thursday that the state will suspend its May 16 House primaries in the wake of the Supreme Court striking down the state's Congressional map.
Thermos recalls 8.2 million containers after stoppers caused vision loss
The Thermos Stainless King Food Jars and Thermos Sportsman Food & Beverage Bottles were sold at Walmart, Target and Amazon.com.
House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
MoneyWatch
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Spotify's new badge identifies human artists as AI music floods include
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
Thermos recalls 8.2 million containers after stoppers caused vision loss
The Thermos Stainless King Food Jars and Thermos Sportsman Food & Beverage Bottles were sold at Walmart, Target and Amazon.com.
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
Politics
More Politics
Senate passes another short-term FISA extension, hours before deadline
The Senate on Thursday passed an extension of a key surveillance authority that allows U.S. intelligence agencies to spy on foreigners without a warrant, the latest in a back-and-forth with the House over the expiring program.
Senate rejects 6th Iran war powers resolution ahead of 60-day deadline
The Senate rejected Democrats' sixth attempt to limit President Trump's authority to wage war on Iran.
Louisiana suspends House primaries for May 16 elections
Louisiana Secretary of State Nancy Landry said Thursday that the state will suspend its May 16 House primaries in the wake of the Supreme Court striking down the state's Congressional map.
House approves Senate bill to fund DHS and end 76-day shutdown
The House on Thursday unanimously approved a Senate-passed bill to reopen the Department of Homeland Security, sending it to the president's desk.
Trump pulls Casey Means' nomination as surgeon general, naming new pick
President Trump blamed Republican Sen. Bill Cassidy for Casey Mean's nomination stalling in the Senate.
HealthWatch
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RFK Jr.'s healthy food agenda puts hospitals on notice about patients' meals
The backlash was immediate after the Trump administration served notice that hospitals and nursing homes should limit sugary drinks and dietary supplements in favor of what HHS terms "real food."
Beyond crisis lines: How broader suicide prevention helps people in need
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
Big companies position themselves for payday from $50B federal rural health fund
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
A 13-year-old's kidney was failing. Then a stranger stepped in.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
Ben Sasse is on extended time. He credits "providence, prayer and a miracle drug."
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
World
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Jewish Londoners describe "utter horror" and living in fear after latest attack
"We've been warning about this for a long time," one local resident told CBS News. "It's like a tsunami — you see the smaller waves before the big one hits."
Tina Brown: King showed U.S.-U.K. ties are "bigger than current politics"
CBS News contributor Tina Brown said King Charles' address to Congress during his visit to the U.S. showed "the meaning of monarchy."
Exclusive
Fire aboard Navy destroyer USS Higgins, officials say
One of the officials told CBS News that the fire knocked out power and propulsion on the guided-missile destroyer, a mainstay of the Navy's forward presence in Asia.
Mexico wants evidence to back up U.S. drug charges against officials
The U.S. Justice Department accused Sinaloa Governor Ruben Rocha Moya and nine other officials of working with the notorious Sinaloa cartel.
Record trove of Viking Age coins found in Norway
A hoard of Viking Age silver coins unearthed from a field in Norway is largest discovery of its kind in the country's history.
Entertainment
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Entertainment
Stars preview "Devil Wears Prada 2"
Meryl Streep, Anne Hathaway, Emily Blunt and Stanley Tucci are reprising their iconic roles for "The Devil Wears Prada 2" 20 years after the original film was released. The stars speak to "CBS Mornings" co-host Gayle King and give an inside look at the movie.
Eliminated survivor contestant on new twist
(Warning: Spoilers ahead!) The fifth member of the "Survivor 50" jury, who was eliminated during Wednesday's episode, talks about being voted off and a huge twist in the game.
David Allan Coe, singer who wrote "Take This Job and Shove It," dies at 86
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
New details in case against singer D4vd
Musician D4vd was in a Los Angeles court on Wednesday as prosecutors laid out a timeline and highlighted new details in their case against him in the murder of Celeste Rivas Hernandez. The singer has pleaded not guilty to the charges. Warning, the details in this story are disturbing.
Wilmer Valderrama on his 200th "NCIS" episode
As "NCIS" nears the highly-anticipated finale of season 23, it will also be star Wilmer Valderama's 200th episode on the show. He reflects on his time on the series and reveals the season finale will have "a lot of danger," adding, "we're setting a crazy tone for next season."
Technology
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Spotify's new badge identifies human artists as AI music floods include
As AI-generated music spreads, Spotify says it wants to help users "trust the authenticity" of what they're listening to.
Buying a computer? AI is making it more expensive.
A memory chip shortage is driving up computer prices for consumers, reversing a decades-long drop in hardware costs.
How AI powered robots are helping small farms
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.
Tech companies post earnings amid bubble concerns
Four of the biggest tech companies reported earnings after the closing bell on Wednesday. Adam Levine, senior tech writer for Barron's, joins CBS News to discuss.
Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk alleges that OpenAI reneged on a promise to operate as a nonprofit dedicated to human progress.
Science
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Trump administration fires board overseeing National Science Foundation
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
AI used to reveal face of victim fleeing Mount Vesuvius eruption
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
In a first, endangered orangutan seen using canopy bridge to cross road
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
Saving the Venus fly trap
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
From 1990: NASA launches Hubble Telescope
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
Crime
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Crime
Cole Allen to remain in jail ahead of trial
Cole Allen, the suspect linked to the shooting at the White House Correspondents' Dinner, has agreed to remain jailed ahead of his trial. CBS News' Anna Schecter and Melissa Quinn report.
Mexico wants evidence to back up U.S. drug charges against officials
The U.S. Justice Department accused Sinaloa Governor Ruben Rocha Moya and nine other officials of working with the notorious Sinaloa cartel.
Officials release apparent Cole Allen photos
Cole Allen apparently took a selfie while armed, minutes before the White House Correspondents' Dinner shooting in Washington, D.C., on Saturday night. CBS News' Katrina Kaufman and Sam Vinograd have more.
New memo detail Cole Allen's movements
A memorandum filed in federal court on Wednesday includes details about Cole Allen's movements before his encounter with U.S. Secret Service officers at the White House Correspondents' Dinner on Saturday. CBS News' Anna Schecter reports.
New Orleans sheriff indicted after investigation into escape of 10 inmates
Orleans Parish Sheriff Susan Hutson was indicted on 30 felony counts after a probe into one of the largest jailbreaks in U.S. history, which occurred under her watch.
Space
More Space
SpaceX launches Falcon Heavy rocket carrying powerful satellite
SpaceX's most powerful operational rocket boosted a high-speed ViaSat internet data relay satellite into space to complete a globe-spanning constellation.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Hegseth asked about insider trading
Democratic Sen. Elizabeth Warren of Massachusetts pressed Defense Secretary Pete Hegseth about regulations in the Pentagon on dealing with insider trading with developments on the Iran war on prediction markets. Hegseth largely sidestepped the question, saying the department is "focused on our mission on executing for the American people."
Kaine on U.S. strikes on alleged drug boats
Democratic Sen. Tim Kaine questioned chairman of the Joint Chiefs of Staff Gen. Dan Caine about legal justification of U.S. strikes on alleged drug boats in the Caribbean Sea, and then asked Defense Secretary Pete Hegseth about the Iran war reaching the 60-day deadline set by the War Powers Resolution of 1973. Hegseth claimed the ceasefire paused the clock for the deadline.
Mother now free after weeks in ICE detention
A legal U.S. resident and mother of four children is now free after ICE held her in an immigration detention facility for more than a month. CBS News' Shanelle Kaul reports.
Johnson touts passage of DHS funding bill
The House approved a Senate bill to fund the Department of Homeland Security on Thursday, signaling an end to the longest partial government shutdown in U.S. history. CBS News' Nicole Sganga, Ed O'Keefe and Nikole Killion have the latest.
Ernst criticizes Hegseth for general's firing
GOP Sen. Joni Ernst of Iowa criticized Defense Secretary Pete Hegseth for his decision to fire Army Chief of Staff Randy A. George. Hegseth appeared before a Senate committee to discuss the Pentagon's 2027 budget request.