IRS sending 4 million refunds on overpaid unemployment taxes
The U.S. may owe money to as many as 13 million taxpayers who received unemployment benefits last year.
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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.
Many homeowners are lining up this week to pay their property taxes early. The IRS says that some 2018 taxes paid before Dec. 31 can be deducted on this year's return. That's good news for people affected by a $10,000 limit on state and local tax deductions that begin on Jan. 1. Jan Crawford reports.
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
With a two-week ceasefire set to expire and Iran balking at the resumption of peace talks, President Trump said he would be extending the deadline to allow for Iran to "come up with a unified proposal."
Sheridan Gorman, an 18-year-old Loyola freshman, was shot and killed in Chicago last month and an undocumented immigrant from Venezuela is under arrest.
A federal grand jury indicted the Southern Poverty Law Center on wire and bank fraud-related charges on Tuesday, the Justice Department says, accusing it of paying members of extremist groups as part of its efforts to investigate them.
A gun boat from Iran's Revolutionary Guard Corps fired on a container ship in the contested waterway before a cargo ship came under fire in a separate attack, the British military says.
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Appeals court upholds Texas' Ten Commandments classroom law, but critics say the fight isn't over.
The disappearances and deaths of 10 government workers tied to nuclear or space technology have sparked speculation online. President Trump said the cases are "hopefully, coincidence."
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
Sheridan Gorman, an 18-year-old Loyola freshman, was shot and killed in Chicago last month and an undocumented immigrant from Venezuela is under arrest.
After the mass shooting in Shreveport, Louisiana, advocates are urging policymakers to reform domestic violence and gun control legislation.
The agreement, which was signed this fall, ensures donor anonymity, establishes a fee structure and institutes a ban on foreign contributions.
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
The Consumer Federation of America accused Meta of allowing scam advertisements to "proliferate on its platforms."
Shippers have pledged to share refunds with customers who paid tariffs once the government issues refunds.
It could take months for U.S. gas prices to recede to their level before the outbreak of war in Iran, economists and energy experts say.
Warsh, nominated by President Trump to replace Fed Chair Jerome Powell, also said he'll work with the White House on some matters.
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
The agreement, which was signed this fall, ensures donor anonymity, establishes a fee structure and institutes a ban on foreign contributions.
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
President Trump said he's extending the ceasefire until Iran has submitted a proposal in talks with the U.S. "and discussions are concluded."
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
A gun boat from Iran's Revolutionary Guard Corps fired on a container ship in the contested waterway before a cargo ship came under fire in a separate attack, the British military says.
Trump says British leader Keir Starmer has "time to recover" from the latest scandal over his decision to tap an Epstein associate as his U.S. ambassador.
President Trump recently encouraged the U.K. to "drill baby, drill" in the oil-rich North Sea.
The Russian mission included two supersonic Tu-22M3s, as well as about 10 fighters, the French detachment said.
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Opening statements have concluded in Harvey Weinstein's New York rape retrial. CBS News' Jericka Duncan has more.
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
"Matlock" stars Skye P. Marshall and Jason Ritter join CBS News with more clues ahead of the show's season finale.
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
Tim Cook announced he would be stepping down as Apple CEO on Monday. Jo Ling Kent reports on John Ternus, the mechanical engineer preparing to take the wheel.
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.
Apple CEO Tim Cook will step down in September after 15 years at the helm of the company. CBS Sunday Morning correspondent David Pogue joins to discuss Cook's legacy and where Apple's future could lead.
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
The Justice Department on Tuesday announced fraud charges against the Southern Poverty Law Center over its nonprofit investigations into extremist groups. CBS News justice reporter Jake Rosen has the details.
Mexican authorities say a gunman atop the Pyramid of the Moon, one of Mexico's most popular archaeological sites, shot at tourists and taunted first responders on Monday. CBS News chief correspondent Matt Gutman reports on the new details.
After the mass shooting in Shreveport, Louisiana, advocates are urging policymakers to reform domestic violence and gun control legislation.
The FBI is investigating possible connections in the cases of 10 missing or dead scientists and staff who worked at sensitive nuclear or space technology laboratories. CBS News' Anna Schecter reports.
Attorney General James Uthmeier said his office launched a criminal investigation into OpenAI after reviewing conversation logs between ChatGPT and a Florida State University student accused of killing two people last year.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
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.
"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.
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.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
Congresswoman Sheila Cherfilus-McCormick resigned on Tuesday, minutes before her House Ethics hearing to determine whether she should be sanctioned for allegations of theft and other misconduct. Lawmakers on Capitol Hill shared their reaction.
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Gift registries are common for baby showers and weddings, but now people are turning to them for one of life's toughest moments. Evyn Moon looks at the growing trend of divorce registries.
The 2026 outlook for ticks shows cases of Lyme disease are expected to rise and the CDC is reporting the most weekly emergency room visits for tick bites, for this time of year, in at least a decade. Bradley Blackburn has more on how you can protect yourself.
Over the past several days, President Trump has made multiple statements on the U.S. goal to seize Iran's "nuclear dust." "The Daily Report" dives into what the president means by "nuclear dust" and how much Iran has. Will Todman, the chief of staff of the Geopolitics and Foreign Policy Department at CSIS, has more analysis.