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The federal government will begin dispersing monthly cash payments to low- and moderate-income families on July 15 as part of the child tax credit program included in the latest round of COVID relief. The rollout comes as the Federal Reserve paints a clearer picture of the current state of the economy, saying inflation will likely remain elevated in the coming months. CBS News reporter Sarah Ewall-Wice joins CBSN's Lana Zak with the details.
The U.S. may owe money to as many as 13 million taxpayers who received unemployment benefits last year.
The Child Tax Credit is slated to begin its first-ever monthly payments on July 15, when the IRS will begin sending checks to eligible families with children ages 17 or younger. CBS News MoneyWatch reporter Aimee Picchi joins "CBSN AM" to talk about who's eligible for what, and when parents can expect the money.
The tax agency faced a "challenging" year, leading to a growing backlog of tax returns, the taxpayer advocate says.
The expanded tax credit isn't available to all parents, and some recipients may be asked to repay the IRS next year.
New England households are seeing smaller checks on average due to smaller families and higher incomes.
The IRS on Tuesday said it has sent almost $390 billion in direct aid to about 164 million U.S. households. Households in Utah have received the largest stimulus checks in the third round of direct payments with an average windfall of $2,784.
The Trump Organization’s chief financial officer Allen Weisselberg surrendered to authorities and pleaded not guilty to alleged tax crimes. Jeff Pegues has the details.
New York prosecutors are expected to unveil charges against former President Trump's family company, the Trump Organization, and a top executive Allen Weisselberg, for alleged tax-related crimes. Jeff Pegues reports.
A new IRS tool will help millions of low-income Americans file for their 2021 child tax credit. The monthly payments will begin July 15 and extend through the year. While Democrats are trying to make the current payments permanent, Republicans are looking to introduce their own version of the credit. CBS News reporter Sarah Ewall-Wice joined CBSN's Elaine Quijano to discuss.
The IRS will start advancing 2021 Child Tax Credits on July 15th this year for those who qualify. Eligible parents will also see an increase in the amount they receive per child. Politico tax reporter Aaron Lorenzo joins CBSN to break down what parents should know about the tax credits and the impact on the economy.
The IRS unveiled the tool Monday for people who made too little to file a tax return.
The IRS is sending out letters to taxpayers who may be eligible based on information it has from tax returns and distributing stimulus checks, among other measures.
Nonprofit investigative journalism organization ProPublica obtained never-before-seen IRS information and found the 25 richest Americans sometimes paid little or no federal income taxes. That includes Warren Buffett, Elon Musk, Michael Bloomberg and Jeff Bezos, the richest person in America. CBS News correspondent Elise Preston reports on reaction to the report, and Robert McClelland, a senior fellow with the Tax Policy Center, joined CBSN to discuss.
ProPublica analyzed a "vast trove" of IRS tax data on Jeff Bezos, Warren Buffet and other billionaires.
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
The administration wants to spend $80 billion at the IRS, which it estimates could help the agency close a $7 trillion tax gap in the next decade.
Monday, May 17 is the deadline to file 2020 income taxes, after the IRS pushed back the deadline due to the coronavirus pandemic. Many people who have already filed are still waiting for their refunds. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.
The deadline to file taxes in the U.S. is Monday, May 17. Mark Steber, Chief Tax Information Officer at Jackson Hewitt Tax Service, spoke with Lana Zak on CBSN about what you need to know before you file, and the tax credits you should consider.
Fred Goldberg, a former IRS commissioner who also served as assistant treasury secretary for tax policy, joined CBSN to discuss an op-ed he and other former commissioners recently wrote in The Washington Post. The op-ed argues President Biden's tax proposal "would restore our tax administration system to make it far fairer and more effective."
IRS said it delivered some 165 million payments worth about $388B, with an additional 1 million arriving this week.
If you've ever wondered where your tax dollars are going, you're not alone: Cardi B posted a video on Instagram saying she want receipts of where her tax money is going. Washington Post national correspondent Philip Bump joined CBSN to break down his article responding to Cardi B's tax questions.
As Americans begin filing their tax returns, the IRS is warning about scammers looking to steal taxpayers' refunds.
Monday, Jan. 29 is the first day the IRS will accept 2017 tax submissions. Although the Republican tax law took effect Jan. 1, it does not apply to 2017 tax returns. Lauren Lyone Cole, senior editor for Business Insider, joins CBSN to explain the benefits of submitting your tax returns early and how the IRS recommends you file your taxes.
Iran's military says it's trained and ready for any new U.S. assault as Trump predicts a "long talk" about the war with China's President Xi in Beijing.
Utah mom Kouri Richins was sentenced to life without the possibility of parole on Wednesday, after a jury convicted her of murder and other charges in her husband's 2022 death.
Alex Murdaugh was convicted of his killing his wife and his son at the family's home in 2021.
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Speaker Mike Johnson and Minority Leader Hakeem Jeffries are launching a bipartisan task force aimed at addressing how sexual misconduct claims are handled within the House of Representatives, multiple sources confirm to CBS News.
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
The Army identified the soldier as Spc. Mariyah Collington.
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
The new map will eliminate one of the state's majority Black, Democratic-leaning districts while keeping one Democratic-leaning district.
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
The Senate voted to confirm Kevin Warsh as chairman of the Federal Reserve, marking a victory for President Trump.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
A Chinese manufacturing giant tells CBS News how its sprawling factory runs with a fraction of the human workforce previously required.
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
The new map will eliminate one of the state's majority Black, Democratic-leaning districts while keeping one Democratic-leaning district.
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
Alzheimer's Association CEO and president Joanne Pike shares some recommendations on which foods to eat, and which foods to limit, for better brain health. (Sponsored by the Alzheimer's Association.)
A recent survey by the Alzheimer's Association found most adults think maintaining brain health is very important, but they don't know what steps to take. (Sponsored by the Alzheimer's Association.)
Daily physical activity is one of the important steps to building healthy habits to lower the risk of dementia. As part of a three-part series, "Brain Health: From Awareness to Action," Alzheimer's Association President and CEO Joanne Pike joins "CBS Mornings" with tips on incorporating exercise into your routine as part of their "(re)think your brain" initiative. Learn more about their "6-Step Challenge" at rethinkyourbrain.org (Sponsored by the Alzheimer's Association)
President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
Israeli Prime Minister Benjamin Netanyahu recently made a secret visit to the United Arab Emirates, where he met with President Mohammed bin Zayed, sources told CBS News.
The Senate rejected another attempt by Democrats to limit President Trump's ability to use military force against Iran, but one new Republican senator voted in favor of advancing the measure.
A black bear killed a man working for a Canadian uranium exploration and acquisition company in Saskatchewan.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
Major musicians from Post Malone to Meghan Trainor have recently struggled to sell out stadiums and arenas for their tours. It's a troubling trend being called "blue dot fever" and has led to entertainers canceling some or all of their shows. Ash-har Quraishi reports.
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
The action movie "Top Gun," starring Tom Cruise, was released 40 years ago. To celebrate its anniversary, the film and its sequel, "Top Gun: Maverick," are returning to AMC theaters nationwide for one week. Vladimir Duthiers reports.
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
AI training is an emerging job market where those with specialized skills are paid to train bots to be more accurate and human-like in their responses. The CBS News MoneyWatch team spoke with multiple hiring platforms that pair human experts with AI training jobs. Megan Cerullo has more.
Almost every industry worldwide is integrating artificial intelligence into its operations, and the airline industry is no different. Booking.com CEO Glenn Fogel joins "The Takeout" to discuss AI's impact on travel.
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.
As smartphones become more advanced, are batteries keeping up? CNET senior mobile expert Abrar Al-Heeti joins to explain how you can improve your phone's battery life.
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Three years after Alex Murdaugh was convicted of killing his wife and son, the South Carolina Supreme Court on Wednesday overturned the verdict and granted Murdaugh a new trial. CBS News Katrina Kaufman reports.
Kouri Richins, the Utah mom convicted of murdering her husband, spoke for nearly 40 minutes at her sentencing hearing on Wednesday. Richins apologized to her sons and told them to "take care of one another." She was later sentenced to life without parole.
A judge on Wednesday sentenced Kouri Richins, a Utah mom who wrote a book about grief, to life without parole for the murder of her husband. CBS News' Shanelle Kaul has the latest.
Utah mom Kouri Richins was sentenced to life without the possibility of parole on Wednesday, after a jury convicted her of murder and other charges in her husband's 2022 death.
The South Carolina Supreme Court overturned the murder convictions against Alex Murdaugh and ordered a new trial. Murdaugh was found guilty in 2023 of killing his wife and son in 2021. The court questioned "improper" conduct by the county clerk, Becky Hill, who later wrote a book about her time working on the trial. CBS News legal contributor Jessica Levinson has more.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
AI training is an emerging job market where those with specialized skills are paid to train bots to be more accurate and human-like in their responses. The CBS News MoneyWatch team spoke with multiple hiring platforms that pair human experts with AI training jobs. Megan Cerullo has more.
Three years after Alex Murdaugh was convicted of killing his wife and son, the South Carolina Supreme Court on Wednesday overturned the verdict and granted Murdaugh a new trial. CBS News Katrina Kaufman reports.
On July 13, 1977, the great New York City blackout plunged the Big Apple into darkness and chaos throughout the very hot, humid night. Major Garrett introduces CBS News Radio's coverage of the outage that saw nearly 1,400 stores looted, more than 1,000 fires set and more than 3,700 people arrested.
On Tuesday, Democratic Sen. Chris Van Hollen of Maryland challenged FBI Director Kash Patel to take a test to determine whether he has a drinking problem. Patel said he would if Van Hollen would, and on Wednesday, the senator posted his results. Nicholas Wu, congressional reporter for Semafor, and Daniella Diaz, politics reporter for NOTUS, join to discuss.
It's been less than two months since Markwayne Mullin was sworn in as the Secretary of Homeland Security. CBS News homeland security correspondent Nicole Sganga sat down with him for an exclusive interview.