The IRS says it's boosting tax brackets due to inflation
The top tax rate remains 37%, but married taxpayers will need to earn almost $20,000 more to enter the bracket.
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The top tax rate remains 37%, but married taxpayers will need to earn almost $20,000 more to enter the bracket.
About 700 Americans could face a new wealth tax under a Democratic proposal. Here's how it could work.
The administration now proposes to ask banks to report account information only for accounts with $10,000 or more in transfers.
Critics say small business owners and independent contractors would be caught in a "dragnet" of surveillance.
Millions of families are receiving their October payment. Here's what to know about the CTC.
The Biden administration is proposing the Internal Revenue Service help fund the president's expansive social programs package by tracking down $7 trillion in unpaid taxes. CBS News MoneyWatch reporter Irina Ivanova explains to CBSN's Tanya Rivero why not everyone is happy about the proposal.
Some families are expressing frustration over a delay and lack of information from the IRS.
More than 400 economists say that making the expanded federal benefit permanent would benefit families.
The so-called "tax gap" could total $7 trillion over the next decade.
Robert Mercer, a donor to former President Trump's campaign, is said to be among those paying the tax settlement.
U.S. is sending the second installment in the enhanced program on August 13. Here's what you need to know.
The Justice Department on Friday said the Treasury Department must hand over former President Trump's tax returns to the House Ways and Means Committee, putting an apparent end to the yearslong battle over the records. Brian Galle, a professor of law at the Georgetown University Law Center joins CBSN's Tanya Rivero with his analysis.
The Justice Department instructed the IRS to hand over former President Trump's tax returns to Congress. A federal judge said Mr. Trump and his lawyers have until Wednesday to issue a response. CBS News legal contributor Rebecca Roiphe joins CBSN AM to discuss.
The tax agency said it's fixed the problem, with qualifying families scheduled to receive the payments in August.
As many as 13 million taxpayers who collected unemployment benefits last year may be eligible to get money back.
Some parents say their checks weren't for the correct amount, while others are still waiting. Here are a few answers.
Another 2.2 million payments are landing in bank accounts and mailboxes, with some people getting "plus-up" payments.
Questions abound about the new tax program, ranging from whether newborns can get checks to the impact of marital status.
The IRS has begun distributing payments to eligible families with children under age 17 as part of the Child Tax Credit. Households will receive up to $300 a month for each child.
IRS sending payments of up to $300 per child as part of the government's efforts to "supersize" stimulus aid.
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.