Latest MoneyWatch headlines
U.S. interest rates may rise faster than expected; Americans buying homes at a record pace; and IRS pares back individual tax audits. These headlines and more from CBS MoneyWatch.
Internal Revenue Service
Tax refund changes
Tax filing season is here, and there are some rule changes that could affect your refund. This year's tax deadline is April 18, which gives you three extra days to file. The IRS expects more than four out of five taxpayers will file electronically. CBS News financial contributor Mellody Hobson joins "CBS This Morning" from San Francisco with the potential impact of those changes.
Millions of tax refunds delayed
The IRS is holding 29 million tax returns for manual processing, delaying tax refunds for many Americans, according to the National Taxpayer Advocate Service, an independent arm of the tax agency that looks out for consumers' interest. Some taxpayers are fretting on social media about weeks of waiting for their money. CBS News Moneywatch reporter Aimee Picchi joins CBSN AM to talk about the delays.
IRS fraud scam
The Department of Justice has charged 61 people for their alleged involvement in a multimillion-dollar IRS impersonation scam. CBS News Justice Correspondent Paula Reid spoke to CBSN from Washington about the case.
Phone scam targets students
More college students and their parents are finding themselves the victims of an ongoing phone scam where thieves impersonate IRS officials. They demand payment for federal student taxes that do not exist. Over the last three years, taxpayers have lost more than $49 million dollars in IRS impersonation scams. Michelle Miller speaks to a victim of the latest hoax.
Christie pushes back on "pay to play" allegations for Trump charity
New Jersey Gov. Chris Christie addresses the IRS penalty Trump's foundation because of a donation it gave to Florida Attorney General Pam Bondi's political committee.
Nearly 82 million taxpayers have already received an average IRS refund of about $2,800
Nearly 82 million taxpayers have already received an average IRS refund of about $2,800. Jill Schlesinger reports what steps you should take after getting your refund from Uncle Sam.
The IRS is warning taxpayers to beware of scammers who make fake phone calls or send emails in order to scam people out of money
The IRS is warning taxpayers to beware of scammers who make fake phone calls or send emails in order to scam people out of money. CBS News national security correspondent Jeff Pegues has the latest details for CBSN.
As Americans rush to complete their tax filings, the IRS is warning the public about scammers and potential rip-offs
As Americans rush to complete their tax filings, the IRS is warning the public about scammers and potential rip-offs. Jeff Pegues reports what to look for so your information doesn't get in the wrong hands.
IRS set to start sending monthly child tax credit payments in July
Officials say their next challenge is making sure low-income families know they are eligible.
Nearly 70 percent of Americans worry about preparing their taxes. The top concern is making a mistake
For most Americans, this year’s tax deadline is three days later on Monday, April 18, but the IRS estimates more than half haven’t filed yet. Nearly 70 percent worry about preparing their taxes. The top concern is making a mistake. In this Eye on Money segment, CBS News business analyst Jill Schlesinger joins "CBS This Morning" to offer tips on how to prepare for tax season.
Hackers used the "Get Transcript" program, which allows you to check your tax history online
A massive data breach at the IRS was much bigger than first realized. The agency now says more than 700,000 social security numbers and other sensitive information may have been stolen. Hackers used the "Get Transcript" program, which allows you to check your tax history online. Started about two years ago, the online service has put hundreds of thousands of more taxpayers at risk to identity theft. Jan Crawford reports.
IRS head says as much as $1 trillion in taxes goes uncollected
The Biden administration is looking to crack down on tax evasions.
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.
The IRS is having computer problems that are affecting taxpayers trying to use their online filing services; and Honda recalls more than 2 million cars for air bag problems
The IRS is having computer problems that are affecting taxpayers trying to use their online filing services; and Honda recalls more than 2 million cars for air bag problems. CBS News Moneywatch's Jill Wagner has today's business headlines from the New York Stock Exchange.
Tax-filing season officially began Tuesday, with a warning from the IRS
Tax-filing season officially began Tuesday, with a warning from the IRS. Scammers are posing as IRS agents who demand money. Kris Van Cleave reports with more.
The number of people contacted by the scammers has reached almost one million
Last year, Chip Reid broke the story of the biggest phone fraud in IRS history. Since then, the number of people contacted by the scammers has reached almost one million. Now, first on “CBS This Morning,” we're getting a look at the government's new campaign to fight back.
IRS delays tax filing deadline until May 17
Accountants had pressed the tax agency for more time given the challenges of dealing with the coronavirus pandemic.
Why your "plus-up" stimulus check adjustment might fall short
The IRS warns some people might not get what they expect. Here's why supplemental stimulus payments may fall short.
The cost for a drug used in treating complications in cancer and AIDS cases spikes by 5,000 percent; also, Volkswagen stock plunges and Coke disputes an IRS claim
The cost for a drug used in treating complications in cancer and AIDS cases spikes by 5,000 percent; also, Volkswagen stock plunges and Coke disputes an IRS claim. CBS News Moneywatch's Jill Wagner has today's CBSN Business Headlines.
Coca-Cola says it was notified by the IRS that it owes billions in federal taxes
Coca-Cola says it was notified by the IRS that it owes billions in federal taxes. Also, a group of energy companies has asked the federal government for permission to build a $5 billion natural gas pipeline. Marlie Hall reports on the day's top MoneyWatch headlines.
The breach originally announced in May affected twice as many people as the agency originally thought
The IRS is alerting hundreds of thousands of taxpayers that they are hacking victims. The breach originally announced in May affected twice as many people as the agency originally thought. Jan Crawford reports from the IRS headquarters.
Microsoft is boosting total paid leave for new mothers to 20 weeks, bad management is to blame in an IRS investigation, and Blue Bell ice cream will be allowed to resume production
Microsoft is boosting total paid leave for new mothers to 20 weeks, bad management is to blame in an IRS investigation, and Blue Bell ice cream will be allowed to resume production. CBS News MoneyWatch's Hena Daniels has the day's business headlines for CBSN.
What the IRS tax deadline extension means for you
CBSN takes a look at the pros and cons of waiting to file now that the government has moved the deadline until May 17th. We'll also look ahead to what taxpayers should be doing in 2021 to help offset their tax burden as the economy makes an expected recovery.
Con artists have been filing bogus tax returns and collecting millions. Steve Kroft finds out how far the scam has gone and why the IRS hasn't been able to stop it
Con artists have been filing bogus tax returns and collecting millions. Steve Kroft finds out how far the scam has gone and why the IRS hasn't been able to stop it. Kroft's report will air on Sunday, June 28 at 7 p.m. ET/PT.
Exclusive
Less than 14% of those ICE arrested had violent criminal records, data show
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Savannah Guthrie pleads for public's help in search for missing mom Nancy
"Today" show co-host Savannah Guthrie issued a plea for the public's help on Monday at what she called "an hour of desperation" in the search for her mother, Nancy.
U.S. Olympian responds after Trump calls him "a real loser"
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
U.S. military strikes another alleged drug vessel; search on for 1 survivor
The U.S. military struck its 39th alleged drug-carrying boat on Monday, killing two people and leaving one survivor who is now the focus of a search-and-rescue effort.
DOJ asks to dismiss Steve Bannon's criminal charges
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
Best and worst Super Bowl commercials of 2026 as rated by experts
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
Why importing more beef from Argentina won't ease costs for U.S. consumers
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
See the Olympic medal count for the 2026 Winter Games
Here is a look at where the medal count stands for Team USA and other nations as the competition heats up in the 2026 Winter Olympics.
Catherine O'Hara's cause of death was a pulmonary embolism
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
U.S.
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Social media giants accused of "addicting the brains of children" as trial begins
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
Judge blocks California law banning federal law enforcement agents from wearing masks
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
Catherine O'Hara's cause of death was a pulmonary embolism
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
DOJ asks to dismiss Steve Bannon's criminal charges
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
41 U.S. states are getting warmer, each in its own way, report says
Researchers at two Spanish universities found that 84% of the contiguous U.S. states has shown signs of warming over the last 70 or so years, which is more than previously suggested.
MoneyWatch
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Social media giants accused of "addicting the brains of children" as trial begins
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
OpenAI starts testing ads in free version of ChatGPT
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
Why importing more beef from Argentina won't ease costs for U.S. consumers
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
Starbucks adds menu items as it looks to energize growth
New items, such as a strawberry matcha loaf, represent the chain's latest effort to boost sales as part of its "Back to Starbucks" campaign.
How much gold is in an Olympic gold medal, and how much is it worth?
Olympic medals have what's known as a "melt value." But they're worth far more financially than their mineral contents, an auction expert notes.
Politics
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U.S. military strikes another alleged drug vessel; search on for 1 survivor
The U.S. military struck its 39th alleged drug-carrying boat on Monday, killing two people and leaving one survivor who is now the focus of a search-and-rescue effort.
Judge blocks California law banning federal law enforcement agents from wearing masks
A federal judge has blocked a California law from going into effect that would ban federal immigration agents from covering their faces but they will still be required to wear clear identification showing their agency and badge number.
U.S. Olympian responds after Trump calls him "a real loser"
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
DOJ asks to dismiss Steve Bannon's criminal charges
The Justice Department is moving to toss out its case against former Trump adviser Steve Bannon, who was jailed for declining to testify before the House Jan. 6 panel.
Ghislaine Maxwell's lawyer says she'll testify if Trump grants her clemency
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
HealthWatch
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Hospital flooded by Hurricane Helene to be rebuilt in another flood plain
Ballad Health, the nation's largest state-sanctioned hospital monopoly, plans to rebuild Unicoi County Hospital in Tennessee on land that two climate modeling companies say is at risk of flooding.
Her deadly diagnosis only had 1 warning sign. Here's how she survived.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
California urges avoiding wild mushrooms after deaths, liver transplants
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
See the 43 drugs available on new discounted drug site TrumpRx
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
White House launches TrumpRx discounted drug site
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
World
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U.S. Olympian responds after Trump calls him "a real loser"
U.S. Olympian Hunter Hess said "there is so much that is great about America, but there are always things that could be better," a day after President Trump lashed out at him.
See the Olympic medal count for the 2026 Winter Games
Here is a look at where the medal count stands for Team USA and other nations as the competition heats up at the 2026 Winter Olympics.
Why importing more beef from Argentina won't ease costs for U.S. consumers
Taming runaway U.S. beef prices will require more than stepping up imports, economists said. Here's the key to cutting costs.
U.S. makes final in Olympic curling mixed doubles, facing Sweden for gold
Team USA's mixed doubles curling gold medal match against Sweden is slated for Tuesday, Feb. 10.
Meet the American girl skiing into Philippines Winter Olympics history
Skier Tallulah Proulx, 17, was raised in the U.S., but she's making Olympic history as the Philippines' first female, and youngest athlete in any Winter Games.
Entertainment
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Entertainment
Analyzing best and worst Super Bowl LX ads
Just 30 seconds of highly coveted commercial airtime during the Super Bowl costs as much as $10 million, according to CBS News MoneyWatch. Bill Pearce, marketing faculty member at The University of California, Berkeley, joins to discuss some of the ads from Super Bowl LX.
Could Trump's Bad Bunny attacks alienate Latinos?
Bad Bunny's historic Super Bowl halftime show included superstar surprise guests and a message of unity and cultural celebration. While many praised the performance, President Trump took to social media to criticize the show. CBS News political director Fin Gómez joins with analysis.
Bad Bunny and the politics of the Super Bowl
The Super Bowl is a football game, an entertainment spectacle, a global billboard and a crucible of American political discord. CBS News chief Washington correspondent Major Garrett explains.
Catherine O'Hara's cause of death was a pulmonary embolism
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
Cultural impact of Bad Bunny's performance
Ingrid Fajaro, a staff writer at Billboard, joins CBS News 24/7 to discuss the cultural impact of Bad Bunny's halftime performance at Super Bowl LX.
Technology
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Social media giants accused of "addicting the brains of children" as trial begins
Instagram's parent company Meta and Google's YouTube dispute claims that their platforms deliberately addict and harm children.
Trial over social media addiction in kids begins
Opening statements began Monday in Los Angeles in a landmark trial over alleged social media addiction in children. CBS News correspondent Carter Evans has the details.
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.
OpenAI starts testing ads in free version of ChatGPT
ChatGPT will clearly distinguish between ads and answers to user prompts on the AI platform, according to OpenAI.
Super Bowl fans warned to leave drones at home amid flight ban
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Science
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Scientists "quite surprised" to find one polar bear population thriving
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Mysterious dark matter seen in new map of distant galaxies
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Cow develops technique to scratch herself
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
Almanac: January 18
"Sunday Morning" looks back at historical events on this date.
Fossils found at Dinosaur National Monument, first excavation in 100 years
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Crime
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Crime
Second ransom deadline for Guthrie passes
A second ransom deadline passed Monday for Nancy Guthrie, the mother of "Today" show co-host Nancy Guthrie. CBS News correspondent Jonathan Vigliotti reports on the search and former FBI special agent Jeff Harp joins to discuss the situation.
Search for Nancy Guthrie in Day 9
The children of Nancy Guthrie, including "Today" show co-anchor Savannah Guthrie, are praying for signs of life more than a week after their mother disappeared. CBS News reporter Andres Gutierrez has more from Tucson, Arizona.
Savannah Guthrie: "An hour of desperation"
Savannah Guthrie released a new video on Monday, pleading for the public's help in finding her mother, Nancy. CBS News reporter Andres Gutierrez has the latest.
Savannah Guthrie asks for public help for mom
"Today" show co-host Savannah Guthrie posted a new video Monday pleading for the public's help in the search for her missing mother, Nancy. CBS News' Andres Gutierrez has more.
Cops: 1 in custody after Maryland school shooting
Police say one person is in custody after at least one person was shot at a Maryland high school on Monday. CBS affiliate WUSA reports.
Space
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New space station crew eager for Wednesday launch
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
What led NASA to delay Artemis II launch
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA hopes to fix Artemis II moon rocket leak with on-pad repair
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delays Artemis II launch
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
NASA begins mission to map the boundaries of our heliosphere
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
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
Savannah Guthrie pleads for help in mom's search
"Today" show co-host Savannah Guthrie issued a plea for the public's help at what she called "an hour of desperation." As Jonathan Vigliotti reports, the search for her missing mom, Nancy Guthrie, has entered its second week with few new leads and no new suspects.
Analyzing best and worst Super Bowl LX ads
Just 30 seconds of highly coveted commercial airtime during the Super Bowl costs as much as $10 million, according to CBS News MoneyWatch. Bill Pearce, marketing faculty member at The University of California, Berkeley, joins to discuss some of the ads from Super Bowl LX.
Player's mom didn't know Super Bowl was a big deal
Nick Emmanwori just won it all in his rookie season as a safety with the Seattle Seahawks, and his mom was somewhere in that cheering crowd of 70,000. But Justina Emmanwori is not your typical football mom. Tony Dokoupil has more on her viral interview.
Could Trump's Bad Bunny attacks alienate Latinos?
Bad Bunny's historic Super Bowl halftime show included superstar surprise guests and a message of unity and cultural celebration. While many praised the performance, President Trump took to social media to criticize the show. CBS News political director Fin Gómez joins with analysis.
Ghislaine Maxwell pleads Fifth in House deposition
Ghislaine Maxwell, a longtime associate of convicted sex offender Jeffrey Epstein who herself was convicted of sex trafficking in 2021, invoked her Fifth Amendment right against self-incrimination and refused to answer questions during a virtual appearance before the House Oversight and Government Reform Committee. Scott MacFarlane reports.