Why some U.S. families got a bigger federal stimulus check
New England households are seeing smaller checks on average due to smaller families and higher incomes.
Internal Revenue Service
Why some families got a bigger stimulus check
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.
Trump Org and top executive charged with tax crimes
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.
Trump Organization expected to face tax charges
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.
Millions to receive 2021 child tax credit
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.
Child Tax Credit payments coming in July
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.
New IRS tool for families trying to get Child Tax Credit payments
The IRS unveiled the tool Monday for people who made too little to file a tax return.
Administration ramps up outreach on child tax credit
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.
How wealthiest Americans pay little in taxes
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.
Richest Americans paid almost nothing in income tax: Report
ProPublica analyzed a "vast trove" of IRS tax data on Jeff Bezos, Warren Buffet and other billionaires.
Millions of families could soon get Child Tax Credit payments
The IRS has started sending letters to households who may qualify for monthly payments of up to $300 per child.
How Biden plans to collect $700 billion from wealthy tax cheats
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.
Still waiting for a tax refund?
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.
Still filing taxes? Here's how to speed your refund
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.
What to know if you haven't yet filed your taxes
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.
Former IRS chief endorses Biden's tax plan
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."
Here's how to track your third stimulus check
IRS said it delivered some 165 million payments worth about $388B, with an additional 1 million arriving this week.
IRS is holding millions of tax returns, delaying refunds
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
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 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.
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.
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.
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.
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