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's "core strategic objectives are nearing completion," Trump says
Trump says he expects the U.S. war with Iran to end within several weeks despite unrelenting attacks from both sides and Iran's iron grip on the Strait of Hormuz.
Live
Artemis II launch live updates as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-day mission around the moon and back. Follow live updates.
Trump praises "overwhelming victories" and says Iran war will wrap up "very shortly"
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Supreme Court casts doubt on Trump's order to end birthright citizenship
The Supreme Court on Wednesday appeared open to invalidating President Trump's executive order that would end birthright citizenship.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
Trump indicates he'll try to pull U.S. out of NATO
President Trump has told Britain's Telegraph newspaper he could try to terminate U.S. membership in NATO. He's railed against NATO allies for refusing to join the Iran war.
Exclusive
DHS scraps Noem policy requiring secretary's review of all contracts above $100K
The Noem policy meant the secretary was required to personally sign off on thousands of DHS contracts.
U.S.
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Trump praises "overwhelming victories" and says Iran war will wrap up "very shortly"
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
MoneyWatch
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Americans say this is their "magic number" to retire comfortably
Most people fall far short of the savings they say they will need to maintain their standard of living in retirement, data shows.
How high could oil and gas prices go if the Strait of Hormuz remains closed?
"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.
Elon Musk's SpaceX files confidential initial public offering
The Texas-based company could go public with a valuation of more than $1.75 trillion, making it the largest IPO in history.
Will the Iran war slow U.S. hiring? Economists say risks are rising.
With oil prices rising and hiring already slowing, economists warn the Iran war could further weigh on U.S. job growth.
Hershey says it will shift back to classic Reese's recipe after backlash
Hershey said Wednesday it will use classic recipes for all Reese's products starting next year, after getting criticism for changing the popular treats.
Politics
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Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Federal government appealing order releasing 5-year-old from immigration custody
The federal government may try to send 5-year-old Liam Conejo Ramos back to detention.
State Department overhauls Foreign Service Officer Test
The State Department announced Wednesday that it is modifying the Foreign Service Officer Test to reflect the foreign policy goals of the Trump administration.
Trump praises "overwhelming victories" and says Iran war will wrap up "very shortly"
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Trump, GOP leaders unveil plan to end DHS shutdown
GOP leaders unveiled a plan to end DHS shutdown, mirroring a framework that the Senate pursued last week before it was quickly batted down by House Republicans.
HealthWatch
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HealthWatch
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
A COVID variant called "Cicada" is spreading. Here's what to know.
The COVID-19 variant BA.3.2, nicknamed "Cicada," has been detected in at least 23 countries and half the states in the U.S.
State health plan for foster kids threatened 8-year-old's cancer care
North Carolina and other states have insurance plans for kids in foster care, but many doctors did not accept patients on the plans, leaving kids' guardians scrambling to find health care providers.
States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
World
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Magnitude 7.4 earthquake in Indonesia's Molucca Sea sets off small tsunami
Indonesia, a vast archipelago of more than 280 million people, sits on major seismic faults and is frequently hit by earthquakes.
Trump admin. lifts sanctions on Delcy Rodriguez, Venezuela's acting president
The Trump administration has lifted sanctions on Venezuela's interim President Delcy Rodriguez, according to the Treasury Department, as the U.S. seeks to rebuild ties with the Venezuelan government.
Trump praises "overwhelming victories" and says Iran war will wrap up "very shortly"
President Trump predicted in a prime-time address that the U.S. will complete its military mission in Iran "very shortly," and said U.S. forces have achieved "overwhelming victories," but he did not offer a definitive timeline.
Activist ship's collision with krill trawler called "deliberate attack"
A video shows the moment when the M/V Bandero, operated by the Captain Paul Watson Foundation, steams toward the stern of the fishing vessel.
Exclusive
U.S. commandos in Ecuador for mission targeting alleged narco-terrorists
American commandos joined Ecuadorian troops in a joint mission aimed at dismantling a suspected criminal hub along the country's coast.
Entertainment
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Entertainment
Kenan Thompson on new children's book
Actor and comedian Kenan Thompson joins "CBS Mornings" to discuss his new children's book, "Unfunny Bunny."
Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
Taylor Swift is being sued by Las Vegas performer Maren Wade who has accused the superstar of trademark infringement over her latest album, "The Life of a Showgirl." Wade is the creator of the "Confessions of a Showgirl" podcast, which started as a column in 2014.
Sharon Stone talks new season of "Euphoria"
Sharon Stone reflected on her legendary career as she discussed joining the cast of "Euphoria," working with the show's creator, Sam Levinson, and how she has advocated for women in the entertainment industry.
Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Technology
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Technology
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
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.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Company tries to make flying car of the future
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
Science
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Live
Artemis II launch live updates as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back. Follow live updates.
Snowy owl, cheetah among 40 species granted international protection
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
Everything to know about NASA's Artemis II moon mission
NASA is poised to launch four astronauts on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice hits lowest winter level as heat records are shattered worldwide
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Sharks in Bahamas test positive for caffeine, painkillers, cocaine
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Crime
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Ted Bundy's DNA linked to death of Utah teen in 1974, sheriff's office says
Bundy's full DNA profiled was entered into the FBI's national database, giving investigators a shot at solving potential cases linked to Bundy.
Baby in stroller killed in apparent stray-bullet shooting in Brooklyn
A child was being pushed in a stroller at Moore and Humboldt streets in East Williamsburg on Wednesday when she suffered a gunshot wound to the head, police said.
Kentucky Powerball winner arrested again
James Farthing, who won the $167.3 million Powerball jackpot last April, was arrested for a third time since collecting his grand prize. CBS News' Shanelle Kaul has more.
Son of Hawaii doctor testifies at trial
The son of a Maui doctor testified that his father confessed to him over FaceTime to trying to kill his stepmother, Arielle Konig, on a hike last year. Prosecutors allege Gerhardt Konig tried to push his wife off a cliff, attempted to inject her with a syringe and hit her in the head with a rock.
Luigi Mangione lawyers seek to postpone trial
Lawyers for Luigi Mangione, the man charged with the murder of UnitedHealthcare CEO Brian Thompson, are seeking to postpone his federal murder trial. CBS News' Lilia Luciano reports.
Space
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Live
Artemis II launch live updates as NASA begins historic moon mission
NASA's Artemis II astronauts launched on a nine-and-a-half-day mission around the moon and back. Follow live updates.
How to watch the Artemis II launch
As launch time approaches for NASA's first moonshot in more than half a century, anticipation is building for the Artemis II mission. Here's how to watch today's liftoff.
Smooth countdown continues for Artemis II moon mission
Forecasters continue to predict an 80% chance of favorable weather on Wednesday for the launch of four astronauts on a flight to the moon.
Countdown begins for long-awaited Artemis II moon mission
Countdown clocks began ticking Monday, setting the stage for launch of the Artemis II moon mission early Wednesday evening.
These 4 astronauts are making history on flight around the moon
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
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
Takeaways from Trump's Iran war address
President Trump addressed the nation about the Iran war Wednesday night, saying that the U.S. would complete its mission there "very shortly." CBS News' Ed O'Keefe remarks on the president's remarks and J.D. Simkins, editor-in-chief of the Military Times and Defense News, joins with analysis.
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
Trump addresses nation on Iran
President Trump addressed the nation Wednesday night about the Iran war. Tony Dokoupil anchored CBS News' special report.
Trump addresses U.S. on Iran war
President Trump sought to assure Americans that the conflict with Iran would be brief compared to other wars in U.S. history and insisted that gas prices would go down quickly. Nancy Cordes reports.
Trump to give Iran update in national address
President Trump is set to give an update on the war in Iran on Wednesday evening in a prime-time address to the nation. CBS News' Ed O'Keefe previews the speech.