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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.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
Live
U.S. finishes 7th straight night of Iran strikes as Strait of Hormuz freezes up
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Maps show wildfire smoke forecast, air quality alerts in U.S.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and the U.S. East Coast this week.
Trump revisits disputed claims about elections but offers no new proof of fraud
In a primetime address, President Trump alleged the U.S. election system falls "catastrophically short," revisiting a topic that has drawn his attention for years — and making claims that election experts have heavily disputed.
Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
U.S.
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
2 kidnapped Forest Service workers safe after being zip-tied, held at gunpoint
Two suspects, a father and his adult son who were allegedly armed with guns and knives, have been arrested, authorities said.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
MoneyWatch
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Boomer wealth transfer will mostly benefit the already rich, report finds
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Coca-Cola temporarily halts production of Fairlife milk after cyberattack
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Trump Media to sell faster access to president's Truth Social posts
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Politics
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
HealthWatch
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HealthWatch
Mexican lettuce potential source of parasite
Authorities have traced the cyclosporiasis outbreak to Mexican-grown lettuce delivered to Taco Bell by Taylor Farms. Jonathan Vigliotti reports.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
FDA approves new cholesterol pill
The FDA has approved a new daily cholesterol pill that works differently from popular statins and may deliver better results for some people. Dr. Corey Bradley, a cardiologist at Columbia University's Irving Medical Center, joins "CBS Evening News" to discuss.
FDA names likely cyclosporiasis source
The FDA has identified Taylor Farms as the likely source of lettuce contaminated with the parasite behind cyclosporiasis, as the outbreak grows. Mark Strassmann reports.
Cyclosporiasis outbreak traced to lettuce from Mexico used by Taco Bell
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
World
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Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
Journalist targeted by Iran says U.K.'s crackdown on IRGC is "the happiest day"
British Iranian journalist Pouria Zeraati was stabbed in what is believed to have been an Iranian state-sponsored attack in 2024.
Strong earthquake hits Mexico-Guatemala border, tsunami alert lifted
The U.S. Geological Survey reported that the earthquake had a magnitude of 7.3 with the epicenter 30 miles southwest of Aquiles Serdan, Mexico.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
India activist urged to end hunger strike as he risks organ failure
Well-known activist Sonam Wangchuk hasn't eaten in nearly 3 weeks, endangering his health as he demands changes to India's exam system.
Entertainment
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Entertainment
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Stars of "The Odyssey" preview film
Anne Hathaway and Matt Damon, who star in "The Odyssey," speak to "CBS Mornings" about the movie, the challenges they faced during filming and working with Oscar-winning director Christopher Nolan.
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
Technology
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Technology
Erin Brockovich on data center regulation
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Mayor to homeowner losing sleep over data center plant: "Consider selling"
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
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.
Mississippi residents decry data center plant
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
Meta announces new safety features
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
Agent in ME shooting has violent record: AP
The ICE officer who shot and killed a Maine man has a history of violent behavior, the Associated Press reports, citing interviews with family and court records. CBS News' Camilo Montoya-Galvez has the latest.
"Master yachtsman" fugitive captured on boat after 21 years on the run
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
Journalist known as "The Jaguar" shot dead in Mexico
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
U.S. designates cartel on Texas border as foreign terrorist organization
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Space
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
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.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Darline Graham considering Senate campaign
President Trump urged late Senator Lindsey Graham's sister, Darline, who is temporarily replacing him in Congress, to run for his seat in South Carolina's upcoming special election. Fin Gómez reports.
Trump makes new election claims
In a primetime address on Thursday evening, President Trump accused China of interfering in U.S. elections as he questioned the integrity of the country's voting system. CBS News' Jake Rosen fact-checks his claims.
Spain, Argentina prepare for World Cup final
Tens of thousands of fans, along with President Trump, are expected to gather in New Jersey on Sunday as Spain and Argentina battle for the World Cup trophy. Nicole Valdes reports.
7-foot-3 man sworn in as Texas police officer
At 7-foot-3, Jordan Wilmore was told his entire life that he was destined for a career in basketball. But that was never his dream. Steve Hartman has the story.