How Americans plan to use their bigger tax refunds this year
Early tax refund data shows the typical check is so far 14% higher than a year ago. Here's what Americans are planning to do with the money.
Tax Refund
Here's how much the new "no tax on tips" deduction could save you
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
A new tax break on auto loan interest may help 4 million car owners
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The "K-shaped" economy will affect your 2026 tax refund
Tax refunds will be bigger this year because of the big, beautiful bill" act, with higher-income households set to reap the biggest checks.
How to get a bigger refund this tax season
Tax season is underway as the IRS is now accepting and processing returns for 2025. This year there are several new credits and deductions available. CBS News business analyst Jill Schlesinger explains. (Sponsored by Edward Jones)
Tax season is here — don't fall for these common scams
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
Are you a homeowner? See which tax deductions you might qualify for.
It will mostly be business as usual for homeowners this tax season. However, new changes introduced under the "big, beautiful bill" may affect how they file.
How to request a tax extension from the IRS
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Common tax filing mistakes that can cost you
April 15 is the deadline to file your taxes, unless you live in one of the states the IRS is allowing people to request an extension due to natural disasters. CPA and Bankrate reporter Kemberley Washington shares some last-minute tax tips.
Tax deductions you shouldn't overlook
Here are some tax deductions that are often overlooked. Medora Lee, a personal finance reporter with USA Today, joins CBS News with more details as the 2025 tax filing season comes to an end.
Tax refunds in 2025 are about $1,000 less than in 2024. Here's why.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
What to know about 2025 taxes
The Internal Revenue Service is urging Americans to prepare for the 2025 tax filing season, beginning next week. Last year, roughly two-thirds of taxpayers got a refund and the average amount refunded was $3,100. CBS News contributor J.D. Durkin breaks it down.
Here's how to track the status of your 2024 tax refund
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.
IRS commissioner on taxes ahead of deadline
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.
Tax Day is less than 1 week away
Americans still have a few days to file their 2023 taxes. The IRS says more than 90 million tax returns have been received as of March 29. Medora Lee, a personal finance reporter for USA Today, joins CBS News with tips on making the deadline.
Maximizing your tax refund
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.
See how much the IRS is sending for the average 2024 tax refund
Tax refunds so far are higher than last year, according to recent IRS data. Many Americans have big plans for the money.
Your tax refund could be bigger this year. Here's why.
Taxpayers saw their tax refunds shrink last year due to the expiration of pandemic benefits. But some people may get a boost in 2024.
Tax filing season will start Jan. 29
The IRS says the official start of tax filing season will kick off on Jan. 29 this year, with taxpayers allowed to file until April 15 in most cases. CBS MoneyWatch associate managing editor Aimee Picchi has more on this year's tax schedule.
CPA's tips for maximizing your tax refund
The end of the year means it's time to start looking ahead to tax season. Dan Geltrude, certified public accountant, joins CBS News to share steps you can take now to set yourself up for an easier time come April.
IRS: $1.5 billion in tax refunds remain unclaimed. Here's what to know.
About 1.5 million Americans have until July 17 to get the unclaimed refunds, the tax agency says.
Tips for filing tax returns last-minute
April 18 is the IRS deadline to file your 2022 tax returns. Certified public accountant and founder of Geltrude and Company, Dan Geltrude, discusses filing tips and what to do with your refund with CBS News' Anne-Marie Green and Vladimir Duthiers.
How long is it taking the IRS to process refunds?
Millions of Americans wait until the last minute to file their taxes. Most will have a short wait to get their checks from the agency.
More Americans facing tax refund "disappointment"
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Tax advantages of couples filing separately
Alicia Jegede, a CPA and founder of New Gen Financial Planning, discussed the potential benefits and drawbacks of married couples filing their taxes separately and jointly.
Live
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"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
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U.S.
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The U.S. is the world's leading oil producer. So why are gas prices soaring?
"If the price of oil goes up, the price of everything goes up," said former U.S. Energy Secretary Ernest Moniz.
Top Trump counterterrorism official resigns over Iran war
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
How much does becoming a homeowner at 30 boost your net worth?
Hopping on the property train earlier in life can significantly increase your wealth, a recent study found. Here's how much.
More flights canceled or delayed as weather, TSA staffing upend travel
Powerful storms swept across the eastern half of the country as many airports are also struggling with disruptions from reduced staffing at security checkpoints.
Meteor identified as likely cause of boom heard across Cleveland
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
MoneyWatch
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The U.S. is the world's leading oil producer. So why are gas prices soaring?
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Diesel tops $5 a gallon for the first time since December 2022
Rising diesel prices could push up costs across the U.S. economy, as many goods move by diesel-powered trucks.
How much does becoming a homeowner at 30 boost your net worth?
Hopping on the property train earlier in life can significantly increase your wealth, a recent study found. Here's how much.
Costco recalls meatloaf meal due to salmonella risk
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Hyundai stops sales of some 2026 models after a child's death
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Top Trump counterterrorism official resigns over Iran war
President Trump's director of the National Counterterrorism Center, Joe Kent, announced his immediate resignation Tuesday, citing the administration's decision to intervene in Iran.
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Changes in organ donor status can fall through cracks in the system
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A dad's colon cancer spread to lungs. He says what happened next was a miracle.
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Dr. Oz pledges to tackle hospice fraud: "Do not steal from the American people"
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Millions of Americans skip meals, stretch medication to afford health care
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Israel targets more Iran leaders as allies reject Trump's calls for help
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Melissa Etheridge opens up about new music
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Woman on viral Coldplay "kiss cam" speaks out
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Did "Sinners" get snubbed at the Oscars?
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U.S. hospitals, insurers turn to AI for claims
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How AI powered robots are helping small farms
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Sea levels higher than thought due to "methodological blind spot," study says
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NASA announces major overhaul of Artemis moon program "to take down risk"
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What scientists will be looking for when government UFO files are released
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Kouri Richins found guilty on all charges
Kouri Richins, the Utah mom accused of killing her husband and later writing a children's book about grief, was found guilty on all charges Monday, including aggravated murder. Her sentencing is now set for May and she faces the possibility of life in prison.
Accused Latin American drug lord arrives in U.S. after years on the run
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Alleged pipe bomber argues charges should be tossed under Jan. 6 pardons
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Kouri Richins convicted of murdering husband
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Kouri Richins, mom who wrote grief book, found guilty of murdering her husband
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
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Meteor identified as likely cause of boom heard across Cleveland
Some residents immediately feared the sound was an explosion, according to CBS affiliate WOIO, but weather service officials say it appears to have been a meteor.
Bill Nye on going from Boeing to science guy
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NASA targets April 1 for moon mission launch
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1,300-pound NASA satellite to crash on Earth
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Notable Deaths in 2026
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Melissa Etheridge opens up about new music
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Damaging winds slam eastern parts of the U.S.
In Georgia, high winds on Monday toppled trees, while further north, a tornado packing winds up to 85 mph touched down in Charlotte, North Carolina. Severe winds also slammed Washington, D.C.
Spring break "takeovers" overwhelm cities
Massive gatherings organized on social media have overwhelmed some Florida cities and local officials as part of spring break "takeovers." In Daytona Beach, beachgoers ran after hearing what they thought were gunshots. Cristian Benavides reports.