Breaking down the Supreme Court tax code case
The Supreme Court heard arguments Tuesday in a case that could scramble the tax code. CBS News legal contributor and Loyola Law School professor Jessica Levinson joins to unpack what's at stake.
The Supreme Court heard arguments Tuesday in a case that could scramble the tax code. CBS News legal contributor and Loyola Law School professor Jessica Levinson joins to unpack what's at stake.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
The GOP plan would set a national sales tax of 30% and eliminate the IRS.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
The prime minister's 6-week tenure has been defined by self-inflicted chaos, but with her party divided, it's unclear where Britain goes from here.
Experts say public confidence in United Kingdom Prime Minister Liz Truss is steadily falling after she reversed course on her proposed tax reforms. Ian Lee has the latest.
The "mini-budget" rolled out by the duo caused the pound to plummet in value, interest rates to soar, and sparked chaos in financial markets.
House Democrats are expected to pass a sweeping spending package Friday. The Inflation Reduction Act aims to lower health care costs, combat climate change and raise taxes for some large corporations. CBS News congressional correspondent Nikole Killion joined Anne-Marie Green and Vladimir Duthiers to discuss the vote and the upcoming midterm elections.
April 18 is the deadline for most Americans to file their tax returns. Rebecca Walser, president of Walser Wealth Management, shares tips for navigating filing this year, including advice for those who received a child tax credit or dabbled in the stock market.
The plan would affect almost 30,000 American families with assets of more than $100 million. Here's what you should know.
Millions of people are waiting for the IRS to process returns from past tax filing seasons — and send their refunds.
States are cutting taxes amid booming revenue. "You can't have your cake and eat it too, but we kind of are this year," one governor said.
The Biden administration is proposing the Internal Revenue Service help fund the president's expansive social programs package by tracking down $7 trillion in unpaid taxes. CBS News MoneyWatch reporter Irina Ivanova explains to CBSN's Tanya Rivero why not everyone is happy about the proposal.
Nonprofit investigative journalism organization ProPublica obtained never-before-seen IRS information and found the 25 richest Americans sometimes paid little or no federal income taxes. That includes Warren Buffett, Elon Musk, Michael Bloomberg and Jeff Bezos, the richest person in America. CBS News correspondent Elise Preston reports on reaction to the report, and Robert McClelland, a senior fellow with the Tax Policy Center, joined CBSN to discuss.
At tax time, claiming a child or dependent can save you a lot of money - but it's not always straightforward. CBSN spoke with New Gen Financial's Alicia Jegede to break down the do's and don'ts.
Fourteen-term New York Republican Representative Peter King won't seek reelection. The 75-year-old joins a growing number of Republicans and a handful of Democrats who plan to leave after next year. CBSN New York's Carolyn Gusoff reports.
The IRS is deteriorating after eight years of budget cuts, according to a ProPublica investigation, which found the agency's decline benefits the wealthy while hurting the poor. Paul Kiel co-authored the report, "How the IRS Was Gutted." He joins CBSN to discuss his reporting.
Tax changes give eligible people with disabilities several ways to put additional money into these special accounts
One the key races in the battle for control of the Seante is in Arizona, where Democrat Kyrsten Sinema is running against Republican Martha McSally. Voters are focused on key national issues like tax reform and health care. "CBS Evening News" anchor Jeff Glor reports.
The FBI has began investigating sexual assault allegations against Judge Brett Kavanaugh. Also within the past week, the House of Representatives has passed a tax bill and Sen. Elizabeth Warren said she will consider running for president in 2020. Kevin Cirilli, chief Washington correspondent for Bloomberg, joins CBSN's Elaine Quijano to discuss the latest headlines in politics.
CBS News chief White House correspondent Major Garrett joins Elaine Quijano on CBSN's "Red and Blue" to discuss his new book, "Mr. Trump's Wild Ride," which documents the first year of the Trump administration.
The bills aim to make individual and small business tax cuts permanent ahead of November's midterm elections
Changes to the tax code that are now in effect might snare up to 4.5 million Americans at tax time next April
Last year's record total boosted nearly every kind of philanthropy, but trouble could be looming
Voters in California are selecting general election nominees in key races across the state, including for governor and several important congressional races. Seema Mehta, political writer for the Los Angeles Times, joins CBSN to break down the primary elections.
The president says he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
Former Spirit AeroSystems worker Santiago Paredes was responsible for checking 737 Max fuselages before they were shipped to Boeing.
Wednesday's deadly weather comes after a series of deadly and powerful tornadoes struck the Midwest on Monday and Tuesday.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Wednesday's deadly weather comes after a series of deadly and powerful tornadoes struck the Midwest on Monday and Tuesday.
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
If it feels like everyone in New York City is richer than you, it's because they probably are.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Kennedy campaign spokesperson Stefanie Spear said in a statement that "the issue was resolved more than 10 years ago, and he is in robust physical and mental health."
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
Four flight attendants who worked at major international airlines and flew from the U.S. to the Dominican Republic were charged for allegedly smuggling drug money.
Prince Harry, the Duke of Sussex, is marking the 10th anniversary of the Invictus Games but his spokesman said he will not meet with his father, King Charles III.
The Olympic flame arrived in France aboard a 19th century tall ship to kick off a 7,500-mile journey to the Paris Summer Games.
Nearly 400 municipalities have been affected by the worst natural calamity ever to hit the state of Rio Grande do Sul in Brazil.
President Biden said in an interview with CNN he's "made it clear" to Israelis that "they're not going to get our support" if they attack Rafah's population centers.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
Billboard's Carl Lamarre joins "CBS Mornings" to discuss the heated feud between hip-hop artists Drake and Kendrick Lamar.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
Artificial intelligence has revolutionized how millions work and the same is true for militaries worldwide. Autonomous weapons systems are already on the battlefield in Ukraine and Gaza. Dr. C. Anthony Pfaff, research professor at U.S. Army War College, joins CBS News to discuss.
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.
Santiago Paredes spent a decade doing final inspections on 737 fuselages for Spirit AeroSystems, one of Boeing's largest suppliers. He says he filed an ethics complaint when his managers asked him to speed up inspections about where he was finding issues, and when he was ignored, he eventually resigned. He spoke exclusively to Kris Van Cleave.
Jordyn Zimmerman is autistic and nonspeaking at 29, but she's still making her voice heard.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Four flight attendants who worked at major international airlines and flew from the U.S. to the Dominican Republic were charged for allegedly smuggling drug money.
A man was convicted in the 2001 murder of Amanda Gonzales, a U.S. Army soldier who was 19 at the time of her death.
Indian police have arrested the parents of a 6-year-old deaf and nonverbal boy who's body was found in a canal with signs of a crocodile attack.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner space capsule is set for a historic launch Monday night. CBS News space consultant Bill Harwood looks at the long-awaited mission into orbit, and what it could mean for the future of space travel.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
We look back at the life and career of the longtime host of "Sunday Morning," and "one of the most enduring and most endearing" people in broadcasting.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
The Biden administration says it paused a shipment of bombs to Israel last week because of concerns that the Israeli military could use them in Rafah where more than one million civilians are sheltering. CBS News national security correspondent David Martin has the details.
The Biden campaign continued its focus on abortion rights Wednesday, with Vice President Kamala Harris speaking on the issue near Philadelphia. The stop comes as CBS News polling finds the presidential race is neck to neck in the Keystone State. Pennsylvania State Rep. Malcolm Kenyatta, Biden campaign adviser, joins CBS News' "America Decides" to discuss.
Seventeen states in the U.S. now ban abortions after six weeks of pregnancy or sooner, with some exceptions. Elizabeth Dias, national religion correspondent for The New York Times, joins "America Decides" to explain the history of six-week abortion bans and their increasing visibility.
The leaders of three large public school districts faced questions Wednesday from a House panel about antisemitism. They denied allegations they let the incidents run rampant at their schools. CBS News congressional correspondent Nikole Killion has details on the hearing.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.