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.
Keith Davidson, a Los Angeles-based lawyer, told jurors about how he represented Stormy Daniels in talks with Michael Cohen.
Democratic Arizona Gov. Katie Hobbs has signed a bill to undo a long-dormant law that bans all abortions except those done to save a patient's life, but the ban is still in effect until the fall.
President Biden said "no," the National Guard should not intervene in the protests.
In a letter that was disclosed Wednesday, the Democratic senator's attorneys argued the habit resulted from "two significant traumatic events" in his life.
Before a coup in Niger in July 2023 led to the demand that American troops leave the country, the U.S. used two Niger airbases to fly drones on counterterrorism missions in the Sahel region of Africa.
Jerry Boylan was found guilty in 2023 of one count of misconduct or neglect of a ship officer for the deaths of 33 passengers and one crew member on the dive boat Conception.
There is no question that Nehls served overseas and engaged in combat, but military documents show he received one Bronze Star instead of two.
College campus protests in solidarity with Palestinians amid Israel's war with Hamas in the Gaza Strip are spreading far beyond the U.S.
A Florida law prohibiting abortions after six weeks gestation with some exceptions went into effect Wednesday.
There is no question that Nehls served overseas and engaged in combat, but military documents show he received one Bronze Star instead of two.
Just before the primary runoff election, the GOP candidate with the most votes in the primary for a North Carolina congressional seat said she's suspending her campaign.
Peloton CEO Barry McCarthy exits as it lays off more staff. What's ailing the fitness company?
In a letter that was disclosed Wednesday, the Democratic senator's attorneys argued the habit resulted from "two significant traumatic events" in his life.
Democratic Arizona Gov. Katie Hobbs has signed a bill to undo a long-dormant law that bans all abortions except those done to save a patient's life, but the ban is still in effect until the fall.
Peloton CEO Barry McCarthy exits as it lays off more staff. What's ailing the fitness company?
A Georgia senior living community fired an elderly worker shortly after honoring her as an employee of the year, regulators allege.
The IRS is tapping Inflation Reduction Act funding to hire more agents and go after more tax cheats. Here's where it is focusing.
The recalled beef came from Cargill Meat Solutions in the form of burger patties and ground chuck.
Licensing deal resolves months-long dispute that had record label Universal pulling its artists' music off the video platform.
There is no question that Nehls served overseas and engaged in combat, but military documents show he received one Bronze Star instead of two.
Before a coup in Niger in July 2023 led to the demand that American troops leave the country, the U.S. used two Niger airbases to fly drones on counterterrorism missions in the Sahel region of Africa.
Just before the primary runoff election, the GOP candidate with the most votes in the primary for a North Carolina congressional seat said she's suspending her campaign.
In a letter that was disclosed Wednesday, the Democratic senator's attorneys argued the habit resulted from "two significant traumatic events" in his life.
Democratic Arizona Gov. Katie Hobbs has signed a bill to undo a long-dormant law that bans all abortions except those done to save a patient's life, but the ban is still in effect until the fall.
Stress is hard to avoid, but experts say getting outdoors can have a positive impact on both our mental and physical health.
Actress Halle Berry joined with a group of bipartisan senators on Thursday to announce new legislation to promote menopause research, training and education.
New CDC data shows about 680 women in the U.S. died during pregnancy or shortly after childbirth in 2023, a decline from the previous year.
UnitedHealth Group CEO Andrew Witty disclosed that a cyberattack on one of its subsidiaries earlier this year might affect up to a third of all Americans.
The USDA tested 30 samples from states with herds infected by H5N1.
Before a coup in Niger in July 2023 led to the demand that American troops leave the country, the U.S. used two Niger airbases to fly drones on counterterrorism missions in the Sahel region of Africa.
College campus protests in solidarity with Palestinians amid Israel's war with Hamas in the Gaza Strip are spreading far beyond the U.S.
Police said the victims mixed the potion themselves and drank it "to acquire some certain kind of powers."
Israeli Prime Minister Benjamin Netanyahu publicly rejects international pressure to call off an offensive on the southern Gaza city of Rafah.
It took nearly an hour and four people to get the 143-pound catfish out of the lake: "My wrist is still hurting from reeling."
Three years ago, Walter Hayes burst onto the music scene with "Fancy Like," a song that became a sensation and established his presence in the country music world.
O'Donnell shared a photo of a script for season three, episode one of the Max show, revealing her character's name is Mary.
"Happy 9th Birthday, Princess Charlotte!" the Prince and Princess of Wales said in a social media post with a new photo of their daughter taken by Kate.
Emmy Award-winning actor Jeff Daniels says he's playing one of his most challenging roles yet. He stars in the new Netflix limited series "A Man in Full," created by Hollywood heavyweights David E. Kelley and Regina King, who also serves as a director. Daniels portrays Charlie Croker, a tough-talking real estate mogul facing bankruptcy. He must defend his empire and his family against enemies attempting to exploit his fall from grace.
Still searching for the perfect Mother’s Day gift? Sarah Gelman, Amazon Books Editorial Director, shares her top book picks for all kinds of moms.
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
Google made its closing arguments Thursday in the antitrust case brought by the Department of Justice. CBS News senior business and tech correspondent Jo Ling Kent reports.
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.
Closing arguments begin Thursday in the Justice Department's antitrust lawsuit against Google. The government and more than a dozen states say Google has turned its search engine into an illegal monopoly, while Google says people like to use the engine and could change their search habits at any time. Matthew Perlman, senior competition reporter for Law 360, joins CBS News to discuss the case.
Pollen counters are turning to artificial intelligence as seasonal allergies worsen due to climate change. CBS News national correspondent Dave Malkoff explains how technology is changing the long and tedious process of pollen counting.
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
Much of Asia is sweltering under a heat wave that one expert calls "by far the most extreme event in world climatic history."
Shanidar Z's skull — thought to be the best preserved Neanderthal find this century — "was as flat as a pizza," experts said.
The group of nations in the G7 have announced an agreement to phase out coal power plants by 2035. CBS News senior national and environmental correspondent Ben Tracy reports.
Blue holes are considered an "oasis" for marine life — but the Taam Ja' Blue Hole off the coast of Mexico remains largely mysterious.
Dozens of protesters were arrested on the University of California, Los Angeles campus as CBS News Radio affiliate KNX reporter Jon Baird reported live from the scene. Baird joins CBS News with more on how violence erupted in the middle of the night.
Jerry Boylan was found guilty in 2023 of one count of misconduct or neglect of a ship officer for the deaths of 33 passengers and one crew member on the dive boat Conception.
Authorities in Portland say an arsonist set fire to at least 15 police cars at a training facility early Thursday.
A court hearing will be held in California on Thursday for Nima Momeni, the 38-year-old man accused of murdering Cash App founder Bob Lee. Momeni was arrested last year for allegedly stabbing Lee to death in San Francisco. He has pleaded not guilty. Jonah Owen Lamb, senior reporter for the San Francisco Standard, joined CBS News to discuss the case.
James Barbier, 79, is charged with first-degree murder in the 1966 stabbing death of 18-year-old Karen Snider at her home in Calumet City.
Boeing is set to launch its first-ever spaceflight with humans next week. The Starliner spacecraft will lift off from Florida on Monday night for a multi-day mission to the International Space Station. Commander Barry "Butch" Wilmore and pilot Sunny Williams, two seasoned NASA astronauts who are a part of the mission, join CBS News to go over the flight.
The Horsehead Nebula, which NASA has called "one of the most distinctive objects in our skies," is located in the constellation Orion.
Astronauts Barry Wilmore and Sunita Williams say they have complete confidence in the Starliner despite questions about Boeing's safety culture.
In 1961, Ed Dwight was selected by President John F. Kennedy to enter an Air Force training program known as the path to NASA's Astronaut Corps. But he ultimately never made it to space.
The creepy patterns were observed by the European Space Agency's ExoMars Trace Gas Orbiter.
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.
Many student protesters are calling on their universities to divest from companies connected to Israel and the war in Gaza. CBS News reporter Erica Brown explains what divestment means and the potential effects it could have.
Georgia is home to the nation's newest nuclear reactor. It's bringing clean energy to the state, but the project has run over budget and past its original completion date. Drew Kann, climate and environment reporter for The Atlanta Journal-Constitution, joins CBS News to explore the effort.
The Biden administration has high hopes for the future as it plans to reclassify marijuana. John Dickerson explains what it means to go from a Schedule I drug to a Schedule III.
Two top U.S. intelligence officials testified before the Senate Armed Services Committee on Thursday, outlining threats Americans face around the globe. CBS News' Skyler Henry reports on the top concerns.
Every day, migrants are legally processed and enter the U.S., but there are still thousands waiting in Mexican facilities for their turn -- sometimes for months. CBS News immigration and politics reporter Camilo Montoya-Galvez has an exclusive look at life in one of those facilities.