Average worker's bonus from 2017 tax cuts was $28
Companies spent 200 times as much cash on their own stock last year as the $4.4 billion spent on employee bonuses
Income Tax
Corporate America paying lowest tax share since Eisenhower
Federal income tax revenue from U.S. corporations hasn't been this low since 1960, IRS data show
Chicago becomes first city to collect "Netflix tax"
As entertainment and shopping moves online, states and cities are looking to the digital world for potential revenue
Los Angeles accuses H&R Block and TurboTax of defrauding taxpayers
Lawsuit claims the tax-prep providers steered consumers away from services that lets people file returns for free
IPOs bring enticing tax jackpot for California lawmakers
Several upcoming $1 billion-plus stock offerings will create a slew of new ultra-wealthy taxpaying residents
On Tax Day, many Americans don't think the tax cut helped them
President Trump touted "massive tax cuts," but only the richest Americans are likely to notice their new tax breaks
It's Tax Day, but you can still get an extension
Nearly a third of Americans this year waited until the last two weeks to file their returns—but requesting more time is easy
Kamala Harris releases 15 years of tax returns
She and her husband have paid over $2.2 million in federal taxes at an average effective tax rate of about 33 percent over the past five years
Got a tax refund? Congrats! Here's what to do with it
With the average refund coming in at just under $2,900, this CPA advises against shopping sprees and other splurges
Elizabeth Warren releases tax returns
The Massachusetts Democrat is one of a small group of candidates in the crowded Democratic primary field to do so
Meghan Markle and her baby will be liable for U.S. taxes
The Duchess of Sussex and her baby will have to report their finances to the IRS, potentially exposing them to scrutiny
The tax law is hitting 11 million homeowners
Some families moved to high-tax towns because of the good school districts. Now they're pinched by the SALT deduction cap
9 tax deductions you can no longer claim
Don't count on these popular deductions to lower your tax bill this year – they're gone as part of broader tax cuts
Tax refunds so far this year are down by $6 billion
Smaller tax refunds have trickle-down effects, including lower consumer spending throughout the year
This year's smaller tax refunds seen hurting retail spending
The government has issued $4.4 billion less in refunds than at this time last year, and that trickles down
Special tax breaks for America's seniors
Aging may bring its own special problems, but it also brings welcome financial bonuses at tax time
The IRS says it has $1.4 billion in unclaimed money
Every year, people who have overpaid taxes don't file a return—and the agency says time is running out to claim it
Changes in tax deductions at small businesses
That company party? Still 100% deductible in many cases. Expenses like client gifts or commuting costs? Not so much
Taxpayer group urges extending filing deadline to May 15
National Taxpayers Union calls for extending April 15 deadline, though individuals can get an extension fairly easily
Big companies paid no income tax in 2018
Profitable companies are taking advantage of business-friendly laws to minimize their tax liability.
Average tax refund now slightly higher than last year
The average refund for 2018 is now over $3,100, but the number of people getting a refund is down by 2 million
These popular tax deductions still worth claiming
The new tax law put significant limits on many deductions, but that doesn't mean you should ignore them
New SALT deduction cap to hit 11 million Americans
U.S. estimates millions of Americans face a total $323 billion in lost deductions from federal caps on local tax claims
Warren Buffett: Wealthy are "undertaxed" compared with rest of U.S.
Billionaire says the rich should pay more taxes to fix growing income inequality -- "I'm fine with it," he told CNBC
One winner from tax overhaul: America's banks
Profits at U.S. financial institutions soared 44 percent to record highs last year, largely due to changes in tax law
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
Trump says he'll end the war soon, when he wants to, as Iran hits 3 ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
Epstein's longtime accountant tells Congress he didn't know about abuse
Richard Kahn was one of Epstein's closest associates in his final years, managing his finances and investments.
Trump told FIFA Iran is welcome to play in World Cup in U.S., officials say
President Trump told FIFA representatives Tuesday that Iran is welcome to play in the World Cup tournament in the United States, officials told CBS News.
3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
Trump asks Supreme Court to let it end legal protections for 350,000 Haitians
The Trump administration asked the Supreme Court to clear the way for it to end temporary deportation protections for more than 350,000 Haitian immigrants.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Latino Texans fueled Democratic primary turnout. What does it mean for midterms?
Latino voters helped propel record turnout in last week's Texas Democratic primary, a trend Democrats are watching closely as they try to reclaim ground with the group and pull off an upset win in the red-leaning state's Senate contest.
U.S.
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FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
Trump asks Supreme Court to let it end legal protections for 350,000 Haitians
The Trump administration asked the Supreme Court to clear the way for it to end temporary deportation protections for more than 350,000 Haitian immigrants.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
MoneyWatch
More MoneyWatch
FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Inflation held steady in February before Iran war drove up gas prices
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
Politics
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Trump asks Supreme Court to let it end legal protections for 350,000 Haitians
The Trump administration asked the Supreme Court to clear the way for it to end temporary deportation protections for more than 350,000 Haitian immigrants.
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Global Entry program restored as DHS shutdown continues
Officers normally assigned to process Global Entry travelers had been reassigned to process other arriving travelers during the pause.
Trump told FIFA Iran is welcome to play in World Cup in U.S., officials say
President Trump told FIFA representatives Tuesday that Iran is welcome to play in the World Cup tournament in the United States, officials told CBS News.
Latino Texans fueled Democratic primary turnout. What does it mean for midterms?
Latino voters helped propel record turnout in last week's Texas Democratic primary, a trend Democrats are watching closely as they try to reclaim ground with the group and pull off an upset win in the red-leaning state's Senate contest.
HealthWatch
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"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
World
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3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
550-pound WWII bomb defused after thousands evacuated
The discovery caused officials to evacuate 18,000 people on Wednesday, the largest such operation ever in the city, emergency services said.
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
President Trump says he'll end the war soon, when he wants to, as Iran hits three ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
Entertainment
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Entertainment
"Sinners" cinematographer on crafting scenes
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.
Flavor Flav celebrates women athletes
Pop culture icon Flava Flav stopped by "CBS Mornings" to discuss his plans to celebrate women Olympic and Paralympic medalists from the 2026 Winter Games.
Kurt Russell talks drama series "The Madison"
Kurt Russell, who stars in "The Madison," spoke to "CBS Mornings" about the series, explaining the script "was so familiar" and that he related to it. Russell praised creator Taylor Sheridan, who was also behind the popular series "Yellowstone," and discussed what it was like to work with Michelle Pfeiffer again decades later.
Oscars 2026: Behind the scenes with the best actor nominees
Watch scenes from the performances nominated for best actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Dorrance on preserving tap dancing history
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
Technology
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What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
How Hollywood is grappling with AI
AI-generated artist Tilly Norwood and the company behind her released a new music video speaking directly to her critics. As AI evolves, Hollywood faces questions over legal protections, copyright infringement and human labor. Jo Ling Kent reports.
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.
Details on Pentagon removal of Claude
CBS News exclusively obtained a Pentagon memo from earlier this month that went out to several senior defense leaders and commanders. It ordered the removal of Anthropic's AI technology from key national systems. Jo Ling Kent reports.
Exclusive
Pentagon memo orders commanders to remove Anthropic from key systems
The Defense Department has notified senior leadership that they must remove Anthropic's products from their system within 180 days, the latest salvo in a feud between the AI company and the Trump administration.
Science
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Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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Crime
New details about ISIS-inspired attack
New video has emerged of fuses being bought at a Pennsylvania fireworks store by one of the suspects accused of throwing explosive devices outside the New York City mayoral residence. CBS News national correspondent Jericka Duncan has more.
Exclusive
Video appears to show bomb suspect purchasing fuse at fireworks store
One of two men accused of throwing IEDs at protesters in New York City appears to have purchased fuses at a fireworks store in a Philadelphia suburb last week.
No harmful substances in NYC suspicious package
New York City police have given the all clear after concluding a suspicious package found near Gracie Mansion, the official residence of Mayor Zohran Mamdani, was harmless.
Shots fired at U.S. consulate in Toronto
Shots were fired outside of the U.S. consulate in Toronto, Canada, early Tuesday morning, police said. CBS News' Shanelle Kaul has more.
Suspicious package near NYC mayor's residence
There is a heavy police presence near New York City's Gracie Mansion, the official residence of New York City Mayor Zohran Mamdani, as officials investigate a suspicious package found in the area. CBS News' Shanelle Kaul has more.
Space
More Space
Space
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite set to crash down to Earth
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
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
More Latest CBS News Videos
Latest CBS News Videos
Trump: U.S. hit 28 Iranian minelaying ships
President Trump on Wednesday spoke about the Iranian military targets the U.S. has hit over the course of the war. CBS News chief White House correspondent Nancy Cordes reports.
FBI warns California of possible Iran drone threat
CBS News has obtained an FBI bulletin warning law enforcement agencies in California that Iran "allegedly aspired" to launch drones along the West Coast. CBS News Bay Area reporter Katie Nielsen has the details. Then, former FBI Special Agent Jeff Harp joins with analysis.
U.S. gas prices rise for 11th straight day
The war with Iran continues to impact energy prices globally with Americans seeing another rise on prices at the pump. Patrick De Haan, head of petroleum analysis for Gas Buddy, joins CBS News to discuss.
CPI climbs 0.3% in February, as expected
The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
"Sinners" cinematographer on crafting scenes
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.