The IRS will soon set its new 2025 tax brackets. Here's what to know.
The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
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The IRS adjusts its tax brackets and other provisions each year for inflation. Here's what experts say to expect in 2025.
The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.
The Americans freed in a historic prisoner swap with Russia will likely face challenges as they return to ordinary life, including automatic IRS penalties. Diane Foley, president and founder of hostage advocacy group the Foley Foundation, joins CBS News to discuss the bill sitting in Congress to address the tax issue.
The IRS says its push to step up audits on wealthy tax cheats is paying off, with the agency recovering more than $1 billion.
The National Taxpayer Advocate, a watchdog that's part of the IRS, said the delays could cause financial harm to some taxpayers.
The IRS said it "sincerely apologizes" to billionaire hedge fund manager Ken Griffin and thousands of other Americans whose tax data was leaked.
The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade.
Millions of Americans could owe money to the IRS on June 17, with fines for missing payment on the rise.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Americans have until April 15 to file their taxes or file an extension. If you live in Maine or Massachusetts, you have until April 17. An expert offers some last-minute tips if you still have to file.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
The tax-prep software giant says it has resolved an issue that blocked some customers from e-filing on Sunday and much of Monday.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
If you haven't already, all taxpayers must submit their returns or request an extension by Monday. CBS News business analyst Jill Schlesinger has some last-minute tips on filing.
If you haven't filed your taxes yet, the deadline is quickly approaching with returns and extension requests due by Monday. IRS commissioner Danny Werfel joined CBS News to discuss tax season.
Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.
As the tax filing deadline approaches, watch out for the IRS list of the so-called “dirty dozen" which are tax scams the IRS commonly sees.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
The deadline for filing tax returns is a little less than a month away. The IRS says it expects more than 128 million individual tax returns this year. Julie Weil, a tax reporter for The Washington Post, joined CBS News with some tips for couples on whether it's better to file joint or separate returns.
Congress has until the end of Friday to reach a deal to avoid a partial government shutdown. If lawmakers fail to do so, funding for several departments, including Homeland Security and the IRS, will run out. CBS News congressional correspondent Scott MacFarlane has the latest on where talks stand.
The clock is ticking again as the government faces another possible partial shutdown. If a deal can't be reached by Friday, funding will lapse for departments including Homeland Security and the IRS. CBS News congressional correspondent Nikole Killion has more.
Tax refunds so far are higher than last year, according to recent IRS data. Many Americans have big plans for the money.