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Sneaky ways inflation impacts your money in 2023
Inflation has a way of affecting nearly every aspect of our finances. Here are major changes to watch for in 2023.
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Inflation has a way of affecting nearly every aspect of our finances. Here are major changes to watch for in 2023.
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
The thousands of pages of documents released by congressional Democrats paint a more detailed picture of former president Donald Trump's finances over a six-year period, including his time in the Oval Office. Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, joins CBS News to break down what the documents tell us.
The House Ways and Means Committee has released six years of tax returns from former President Donald Trump. CBS News legal contributor Jessica Levinson spoke with Lana Zak about the potential legal ramifications for Trump, this family and his businesses based on the newly public information.
House Democrats released six years of former President Trump's tax returns on Friday, in the culmination of a long battle that went all the way to the U.S. Supreme Court. CBS News' Skyler Henry reports from Capitol Hill, then CBS News chief election and campaign correspondent Robert Costa joins anchor Lana Zak to discuss the impact.
Most online sellers will be spared from tracking and reporting side-hustle income on their taxes for at least another year.
For tax year 2021, the Bidens owed an additional $13. It could have been waived, the White House said, "but they chose to pay."
The House Ways and Means Committee is expected to release six years' worth of former President Donald Trump's tax returns, after voteing Tuesday night along party lines in favor of making the documents public. Bloomberg congressional and tax reporter Laura Davison joins CBS News to discuss.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee is expected to vote Tuesday on whether to publicly release years of the former president's tax returns.
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
Under new IRS rule, anyone who earned more than $600 this year by selling things online or doing gig work could face tax hit.
The Internal Revenue Service has announced several adjustments to account for the impact of inflation. These include higher federal income tax brackets and standard deductions for the year 2023. CBS News MoneyWatch associate managing editor Aimee Picchi joins the show to break down these forthcoming changes and more.
Tax agency will forgo some late fees for people who were affected by health crisis, with average refund of $750.
Case of Robert Brockman shows it's "shockingly easy" to avoid foreign-reporting laws, report finds.
The IRS is reviewing the safety at its facilities across the U.S., in response to increasing threats toward workers. Tony Reardon, the president of the National Treasury Employees Union, joins "Red and Blue" to speaks about the dangers.
The Internal Revenue Service says it is conducting a comprehensive review of safety at its facilities.
Inflation Reduction Act's $80 billion in IRS funding would come as the risk of getting audited is at a decade-long low.
National Taxpayer Advocate says delays in processing tax returns is causing financial hardship for many Americans.
The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
Millions of Americans file returns after the Tax Day deadline. If you're in that group, here's what determines how much you'll owe.
As the deadline to file taxes approaches, the IRS continues to deal with a massive backlog and staffing shortages. Debra Alfarone reports.
The IRS is still working through a massive backlog of last year's tax returns, which could delay refunds for some this year. Paper returns have put a strain on processors. Scott MacFarlane takes a look.
There are only a few days left to gather your paperwork to file your 2021 taxes ahead of the deadline Monday, April 18, 2022. Professor Dorothy A. Brown, a tax law expert and author of "The Whiteness of Wealth: How the Tax System Impoverishes Black Americans - and How We Can Fix It," joined Lana Zak to talk about taking some of the pain out of the process.
Depending on how much you earned last year, you may pay taxes at different rates. Here's how to find out where you fall.
The deaths will likely fuel calls for a cease-fire and heighten Israeli public anger over ultra-Orthodox exemptions from the military.
Catherine, Princess of Wales, wore a white dress and hat as she rode in a carriage alongside her children at Trooping the Colour.
Jimmy Kimmel will host a conversation with President Biden and former President Barack Obama, while George Clooney and Julia Roberts will be featured guests.
A heat wave will bring dangerously hot temperatures to the Midwest and Northeast next week.
The shooting occurred at a splash pad in Rochester Hills, located about 25 miles north of Detroit.
Dreamers who advocated for the implementation of DACA in 2012 continue to fight for the program, whose future remains uncertain.
The Harford County Sheriff's office announced on Saturday a suspect in the Rachel Morin murder was arrested in Tulsa, Oklahoma.
When Vice President Kamala Harris arrived at the summit, she announced $1.5 billion in U.S. assistance through the State Department and the U.S. Agency for International Development.
Portland Fire and Rescue said its crews had been prepared to conduct a high-angle ropes rescue if necessary.
The eye-catching bridge opened to great fanfare in July 2022 and at a cost of nearly $600 million, but now has Angelenos shaking their heads in dismay.
If released, Sandra Hemme's prison term will mark the longest known wrongful conviction of a woman in U.S. history, her attorneys said.
Jimmy Kimmel will host a conversation with President Biden and former President Barack Obama, while George Clooney and Julia Roberts will be featured guests.
Pulaski County Prosecutor Will Jones said in a letter to ATF that no charges in the shooting would be filed after reviewing the Arkansas State Police investigation.
The Harford County Sheriff's office announced on Saturday a suspect in the Rachel Morin murder was arrested in Tulsa, Oklahoma.
Four major cities in California were included in a Chapman University study of housing affordability around the world.
Waffle House CEO said the restaurant chain will hike menu prices after its "single largest" investment in the company's workforce.
Amid rising homelessness rates, city officials across nation are embracing rapid housing options emphasizing three factors: small, quick and cheap.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
Regulator did not do enough before 2022 recall of powdered baby formula tainted with deadly bacteria, inspector finds.
Jimmy Kimmel will host a conversation with President Biden and former President Barack Obama, while George Clooney and Julia Roberts will be featured guests.
When Vice President Kamala Harris arrived at the summit, she announced $1.5 billion in U.S. assistance through the State Department and the U.S. Agency for International Development.
Dreamers who advocated for the implementation of DACA in 2012 continue to fight for the program, whose future remains uncertain.
Since Oct. 7, the Biden administration has been furiously working behind the scenes to lower the chances of a conflagration that could draw in the U.S. or put at further risk U.S. troops who are in the region in Syria, Iraq and Jordan.
It was Sen. Marco Rubio's first time appearing on the 2024 campaign trail alongside former President Donald Trump.
Jaren Munari was born with just one undersized kidney. After years of watching him suffer from chronic kidney disease, his father donated an organ.
Climate change means there's a growing risk of spreading tropical diseases like dengue, which has seen a massive rise in cases in recent years. To limit the spread of such illnesses, scientists are using technological advancements like drones and artificial intelligence.
Preview: In an interview airing June 16 on "CBS Sunday Morning," the former head of the National Institute of Allergy and Infectious Diseases tells CBS News chief medical correspondent Dr. Jonathan LaPook he turned down millions to leave his government job because he cared more about the health of the country.
Regulator did not do enough before 2022 recall of powdered baby formula tainted with deadly bacteria, inspector finds.
An experiment found "small but detectable" amounts of infectious H5N1 virus in milk after it was pasteurized for 15 seconds.
The plane was en route from Tallinn to Helsinki when it was downed by Soviet bombers on June 14, 1940.
A former Iranian official was released in Sweden in exchange for a European Union diplomat and a second Swede.
The deaths will likely fuel calls for a cease-fire and heighten Israeli public anger over ultra-Orthodox exemptions from the military.
When Vice President Kamala Harris arrived at the summit, she announced $1.5 billion in U.S. assistance through the State Department and the U.S. Agency for International Development.
Five paintings, including one by Vincent van Gogh, will be removed while a Zurich museum investigates if they were stolen by Nazis.
International pop star Cody Simpson put his music career on hold to return to the pool.
The current lineup of Australian band Crowded House includes frontman Neil Finn and his two sons, making it a true family affair. Here is Crowded House with their classic "Weather With You."
The current lineup of Australian band Crowded House includes frontman Neil Finn and his two sons, making it a true family affair. Now from their new album "Gravity Stairs," here is Crowded House with "The Howl."
The current lineup of Australian band Crowded House includes frontman Neil Finn and his two sons, making it a true family affair. Now from their new album "Gravity Stairs," here is Crowded House with "Teenage Summer."
Rock band Crowded House is now a family affair: Frontman Neil Finn has two sons in the band. The family tells Anthony Mason what it's like performing together.
Wells Fargo fired over a dozen employees in May after investigating allegations that their keyboard activity was fake.
The payout would be the biggest compensation package in U.S. corporate history. Is the billionaire and Tesla founder worth the money?
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 this week unveiled its integration with artificial intelligence features the company is calling "Apple Intelligence." The company is partnering with OpenAI, the company behind ChatGPT, to upgrade its longtime virtual assistant, Siri. Connie Guglielmo, CNET's senior vice president of AI editorial strategy, joins to discuss.
As use cases for artificial intelligence emerge among students and younger consumers, an understanding of how AI can help and hurt humans is crucial in the years ahead. Alex Kotran, the CEO of the AI Education Project, joins CBS News with some tips on the future of technology.
Climate change means there's a growing risk of spreading tropical diseases like dengue, which has seen a massive rise in cases in recent years. To limit the spread of such illnesses, scientists are using technological advancements like drones and artificial intelligence.
The world recorded its hottest month on record in May, and now, meteorologists say a heat dome currently centered over Mexico and the Southwest will shift this weekend, repositioning over the East by next week. CBS News senior weather producer David Parkinson explains what a heat dome is, and how long this one is expected to last.
A new study from 17 international scientists found that active pharmaceutical ingredients -- the part of medications that help make them effective -- are having increasingly negative impacts on animals and ecosystems across the world. The authors are calling on drug makers to design more sustainable products with environmental impacts in mind. Karen Kidd, one of the study's authors, joins CBS News to unpack the findings.
"The highway to climate hell": More than 75% of the entire global population experienced at least one month of extreme heat within the last year, scientists found. Here's what to know as temperatures continue to break records around the world.
A dramatic cosmic explosion is expected this summer. NASA says the event will be visible to even the naked eye.
Los Angeles' eye-catching 6th Street Bridge opened to great fanfare in July 2022 and at a cost of nearly $600 million, but now has Angelenos shaking their heads in dismay. Elise Preston explains why the "Ribbon of Light" has gone dark.
The Harford County Sheriff's office announced on Saturday a suspect in the Rachel Morin murder was arrested in Tulsa, Oklahoma.
Sean Herman, 33, was arrested at his Sumner County home on two counts of felony official misconduct, the Nashville Police Department said.
Family members of the Marjory Stoneman Douglas High School shooting victims watched as crews began demolishing the site of the 2018 massacre. CBS News Miami's Ted Scouten reports from Parkland, Florida.
Jurors could find the senator's strategy of pinning the blame on his wife offensive, legal experts say.
A dramatic cosmic explosion is expected this summer. NASA says the event will be visible to even the naked eye.
It was the final flight of Virgin's Unity spaceplane while the company transitions to a more capable spacecraft.
Astronaut Williams Anders died Friday, June 7, 2024, at the age of 90. In this "CBS Sunday Morning" story originally broadcast December 23, 2018, Anders and his fellow crewmates from Apollo 8, James Lovell and Frank Borman, talked with Lee Cowan about becoming the first humans to circle the moon, and of the photograph they brought back: the first image of the Earth above the lunar surface. Dubbed "Earthrise," it showed humanity the beauty and fragility of our home planet, and helped invigorate the environmental movement.
William Anders, who snapped one of the most iconic images of the space age, was killed when his small plane went down off the coast of Washington state.
The Starliner crew had to work around thruster problems and more helium leaks, but pulled off a successful space station docking.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographer Ed Spinelli.
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
Banking on a boost from celebrity support, President Biden departed the G7 summit in Italy and arrived in Los Angeles Saturday for an A-list fundraiser which his campaign said has already raised more than $28 million toward his race against former President Donald Trump, the presumptive Republican presidential nominee, who himself spoke to Black community leaders in Detroit, and is headlining a convention Saturday night organized by a conservative youth group. Natalie Brand reports.
Much of the South is trapped under a heat dome which is expected to shift east in the coming week. At the U.S. Open in North Carolina, the extreme heat was hitting players and spectators. Medical staff brought in for the event treated hundreds of heat-related illnesses. Dave Malkoff has more.
Los Angeles' eye-catching 6th Street Bridge opened to great fanfare in July 2022 and at a cost of nearly $600 million, but now has Angelenos shaking their heads in dismay. Elise Preston explains why the "Ribbon of Light" has gone dark.
Here's a look at the top stories making headlines on the "CBS Weekend News" with Ed O'Keefe.
Emergency crews in Oregon rescued 28 people Friday after they were stuck for about half an hour dangling upside down high on a ride at Oaks Park, a century-old amusement park. Portland Fire and Rescue said firefighters worked with engineers to manually lower the ride. All riders were being evacuated and medically evaluated, and there were no reports of injuries.