How investors can navigate this tax season's many changes
Tax season is a mixed bag this year under the new law, especially for investors who can no longer deduct their expenses
Internal Revenue Service
The IRS says it has $1.4 billion in unclaimed money
Every year, people who have overpaid taxes don't file a return—and the agency says time is running out to claim it
Changes in tax deductions at small businesses
That company party? Still 100% deductible in many cases. Expenses like client gifts or commuting costs? Not so much
IRS analyst pleads not guilty to leaking Cohen's bank information
John Fry allegedly accessed a Treasury Department database last May and disclosed information about Cohen's transactions to Michael Avenatti and a reporter
How to tell if you're winning or losing under new tax law
Sure, a smaller IRS refund check can be depressing, but it doesn't always mean you're getting stiffed
File your tax return before a con artist does it for you
Scammers can get enough of your personal info to file a tax return in your name — and then they get your refund
Fear an IRS audit? Don't — the odds are with you
Hobbled by funding cuts, the agency has sharply reduced the number of audits it conducts — especially of the rich
Beware of these common tax scams
The IRS is warning taxpayers about the top 12 tax scams it calls the "dirty dozen." The agency is announcing one fraud each day. The IRS is revealing its latest scam on the list: dishonest tax preparers. It previously announced identity theft, phone scams, and phishing scams. CBS News business analyst Jill Schlesinger joins "CBS This Morning" with what you need to know this tax season.
When can you expect your tax refund?
Four weeks into tax season, the IRS is out with new data on this year’s tax filings. The average refund so far is $2,640. That's down more than $500 from this time last year. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss when you can expect your tax refund.
Form 1040? Simple. Its 6 new schedules? Harder
The new Form 1040 is one page with just 23 lines, but for many taxpayers, the challenge will be Schedules 1 through 6
Fraud takes over as consumers' top complaint to FTC
Fueled by an explosion in government imposter scams, fraud of all types pushed aside debt collection and ID theft
Average tax refund now slightly higher than last year
The average refund for 2018 is now over $3,100, but the number of people getting a refund is down by 2 million
These popular tax deductions still worth claiming
The new tax law put significant limits on many deductions, but that doesn't mean you should ignore them
SEC goes after Elon Musk
Securities cops tell judge that Tesla's founder has mis-tweeted again. Plus, the latest IRS data show the typical tax refund is $500 lower this year. CBSN has the MoneyWatch headlines.
The average tax refund is down more than $500 this year
Refunds are 16 percent lower over the first three weeks of tax season compared with 2018, the latest IRS data show
The surprise winners in this year's tax season
Taxpayers who qualify for the "pass-through deduction" are getting a big break under the new tax law
Warren Buffett: Wealthy are "undertaxed" compared with rest of U.S.
Billionaire says the rich should pay more taxes to fix growing income inequality -- "I'm fine with it," he told CNBC
One winner from tax overhaul: America's banks
Profits at U.S. financial institutions soared 44 percent to record highs last year, largely due to changes in tax law
Navigating a messy tax season
Tax expert Dan Geltrude explains the delays in tax returns being processed, the possible changes in your tax refund, and how to navigate this messy tax filing season.
Colorado woman's $8,000 tax bill leaves her in tears
Last year, one Colorado family of four's tax refund topped $3,600. This year, they owed in the thousands.
Claim these tax deductions -- even if you can't itemize
Also known as "above the line deductions," these special provisions can be big money-savers
Americans shocked by impact of new tax law: "My jaw hit the floor"
The first tax filing season under the Tax Cuts and Jobs Act is confusing and, in some cases, expensive for taxpayers
Pros and cons of tax refund loans and debit cards
The major tax-preparation companies all offer products and services that can help -- but they come at a cost
Tax refunds are lower for second week in a row
Returns are being processed more slowly, and the average refund is about $185 below its level last year
What's behind lower tax refunds?
Millions of Americans could receive smaller checks after filing their 2018 tax returns. The average refund is down more than 8 percent compared to the same time last year, according to the IRS. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to clear up some of the confusion.
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.
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.
Ukrainian drone attacks on Russia kill at least 8, injure over 60
Kyiv's forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia.
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.
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.
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
More Politics
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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Model diagnosed with aggressive cancer after finding lump while shaving
Alison McCullough was in the best shape of her life and preparing for New York Fashion Week when she found a lump under her arm.
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.
World
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Ukrainian drone attacks on Russia kill at least 8, injure over 60
Kyiv's forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia.
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."
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
More Space
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.