The IRS released its 2024 tax brackets. Here's how to see yours.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
Internal Revenue Service
House's Israel bill lacks support in Senate
The $14.5 billion military aid package for Israel passed in the House of Representatives Thursday is not expected to be considered by the Senate. CBS News congressional correspondent Scott MacFarlane reports on what this means for Israeli and U.S. priorities in the Middle East.
House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS
The House GOP's proposed bill cuts sets up a battle with the White House and the Senate over how to support Israel.
The IRS will soon set new tax brackets for 2024. Here's what to know.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
IRS to test free tax-filing platform in 13 U.S. states
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
IRS: Americans didn't pay billions in taxes
Americans failed to pay $688 billion in taxes on their 2021 returns, a record level, according to a new estimate from the IRS. The agency said that it is taking urgent steps to increase compliance such as auditing more high-income taxpayers as well as businesses and partnerships. Alex Raskolnikov, a tax law professor at Columbia Law School, joined CBS News to discuss how that happened.
Americans failed to pay a record $688 billion in 2021, IRS says
Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner.
Whistleblower's lawyer on Biden-IRS lawsuit
Hunter Biden has filed a lawsuit against the IRS alleging privacy violations. The complaint cites an IRS whistleblower's interview on CBS News as well as with other outlets. CBS News senior investigative correspondent Catherine Herridge reports.
Hunter Biden sues IRS over privacy concerns
Hunter Biden is suing the IRS, claiming the agency illegally disclosed his tax return. The lawsuit cites an interview an IRS supervisor did with CBS News. Biden's filing also says proper safeguards were not in place to ensure confidentiality.
IRS says it is going after 1,600 millionaires for unpaid taxes
The tax agency vowed not to increase audit rates for people earning less than $400,000 annually.
IRS catch-up contribution mandate delayed
Last week, the IRS announced it is delaying until 2026 a mandate that says people 50 and older with high incomes are required to put "catch-up contributions" into Roth-style retirement accounts using post-tax dollars. Richard Rubin, a U.S. tax policy reporter for the Wall Street Journal, joined CBS News to discuss the delay in enforcement of the law, originally set to take effect next year.
What's next for Hunter Biden after deal snafu
The federal judge overseeing the Hunter Biden case raised questions Wednesday about the terms of a plea agreement made in June between Biden's lawyers and federal prosecutors. Without the judge's stamp of approval on the deal, the president's son pleaded not guilty to two misdemeanor tax charges. CBS News senior investigative correspondent Catherine Herridge joined with details from inside the Delaware courthouse.
IRS says agents will no longer make unannounced visits to taxpayers
The "major policy change" is aimed at reducing public confusion and improving safety for agents, the agency
Who are the Hunter Biden IRS whistleblowers?
Two IRS whistleblowers allege the Justice Department limited a tax investigation into Hunter Biden.
IRS whistleblower on Hunter Biden comes forward
The House Oversight Committee questioned IRS whistleblowers Wednesday over allegations the Biden family tried to improperly influence the IRS as it investigated Hunter Biden's tax case. CBS News senior investigative correspondent Catherine Herridge interviewed whistleblower Joseph Ziegler about the Biden case and has more.
Tips for planning your estate
New IRS guidelines are making it more difficult for grandparents to pass down savings without taxing their beneficiaries. So what factors do people need to consider when making a plan for their assets after they die? Jon Huntley, a senior economist at the Penn Wharton Budget Model, joined CBS News with some pointers.
Tax-prep firms shared consumer data with Meta and Google, lawmakers say
A report from Democratic lawmakers alleges that tax-prep companies shared people's income and other sensitive data with big tech firms.
Prosecutor denies IRS whistleblower claims
The federal prosecutor overseeing the investigation into Hunter Biden is refuting a claim by an IRS whistleblower in the probe. U.S. Attorney David Weiss says he was authorized by the Justice Department to make decisions about charges in the case. CBS News senior investigative correspondent Catherine Herridge reports.
Filing taxes jointly? Here's what name order says about your marriage.
A first-of-its-kind study finds strong correlations between married couples' name order, their finances and social views.
GOP leaders seek special counsel probe into Hunter Biden whistleblower claims
A group of Republican senators and representatives said IRS officials violated "anti-gag" rules that protect federal employees.
U.S. attorney defends Hunter Biden probe amid GOP accusations
Court filings unsealed earlier this month showed Weiss' office charged Biden with two misdemeanor tax counts and a felony gun charge.
IRS whistleblower speaks out on Biden case
Gary Shapley, the IRS whistleblower in the Hunter Biden tax investigation, said he feels Biden was given preferential treatment. In an exclusive interview with CBS News Chief Investigative Correspondent Jim Axelrod, he also said that he was told not to pursue steps that could involve investigating President Biden.
IRS whistleblower speaks out on Hunter Biden case
Gary Shapley, the IRS whistleblower in the Hunter Biden tax investigation, said he feels Biden was given preferential treatment. In an exclusive interview with Jim Axelrod, he also said that he was told not to pursue leads that could involve investigating President Biden.
IRS whistleblower on Hunter Biden plea deal
The IRS whistleblower who raised concerns about the Justice Department's investigation into Hunter Biden is now accusing federal prosecutors of offering a sweetheart deal to the president's son. Hunter Biden agreed earlier in June to plead guilty to tax and firearm-related charges. CBS News chief investigative correspondent Jim Axelrod reports.
IRS whistleblower revealed
House Republicans revealed testimony from two IRS officials who claim there was sweeping misconduct in the Hunter Biden investigation. Senior investigative correspondent Catherine Herridge reports.
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