How to spend your tax refund: Expert advice, plus crave-worthy tax refund splurges
Wondering what to do with your 2021 tax refund? Here's what experts recommend, plus a few fun tax-refund splurges.
Wondering what to do with your 2021 tax refund? Here's what experts recommend, plus a few fun tax-refund splurges.
Taxpayers who claimed one of two tax credits are expected to get their refunds beginning this week, the IRS said.
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
The average refund so far in 2022 is about $2,300, down from last year's typical refund of $2,800.
Here's a look at no-fee, 0% APR loan offers by leading commercial tax-prep services, including H&R Block.
The agency's Taxpayer Advocate said to avoid delays, people should triple-check for errors, file electronically and use direct deposit for refunds.
As this year's tax season begins, the IRS is still working to complete a sizable backlog of returns from 2021. The delays are just one of the results of severe staffing shortages at the IRS. CBS News congressional correspondent Scott MacFarlane joins Tanya Rivero and Jericka Duncan with more.
The agency is warning of "major challenges" for taxpayers due to a significant backlog of returns from last year and major staff shortages.
Americans will be able to order free at-home tests online starting next week, part of the Biden administration's strategy to make COVID-19 tests more accessible as high numbers of cases continue across the U.S.
Despite the Omicron variant showing signs of slowing down in early hotspots, it is still causing shifts and changes to daily life. Factories are back to making N-95 masks around the clock, schools are reconsidering remote learning and some businesses are requiring vaccine cards. Michael George reports.
COVID-19 cases and hospitalizations are soaring nationwide, especially among children. Demand for at-home rapid tests has never been higher. Manuel Bojorquez has the details.
The agency's top watchdog called last year's tax filing season the most challenging ever experienced and warned this year could be worse.
The Internal Revenue Service will begin accepting and processing 2021 federal tax returns on Monday, January 24. That comes as about 36 million families stop getting child tax credit payments. CBS MoneyWatch reporter Aimee Picchi spoke with Jericka Duncan on CBSN to review tips for filing tax returns and getting any refund as efficiently as possible.
Dr. Anthony Fauci got into a heated exchange with Senator Rand Paul, accusing him of raising political donations off personal attacks against him. Fauci said it has put his life in danger. Elise Preston has more.
Pediatric hospitalizations are on the rise and hospitals are facing critical staffing shortages. Janet Shamlian shares more.
Some Americans may see smaller-than-expected tax refunds in 2022 due to the Child Tax Credit. CBS MoneyWatch reporter Aimee Picchi joins CBSN to explain what people need to know before filing their returns.
As many as 13 million taxpayers who collected unemployment benefits last year may be eligible to get money back.
The U.S. may owe money to as many as 13 million taxpayers who received unemployment benefits last year.
The tax agency faced a "challenging" year, leading to a growing backlog of tax returns, the taxpayer advocate says.
Some 2.8 million people who filed taxes early got refunds this week, while millions more could qualify for a payment.
As many as 10 million people who filed taxes before the American Recovery Plan was passed could be receiving tax refunds.
Tax Day was pushed back a month — to May 17 — because of the pandemic. Sheneya Wilson, founder and CEO of Fola Financial, explains the changes to filing this year and when taxpayers can expect to see their tax refunds.
Average refund is almost $3,000, but more taxpayers are facing delays this year due to IRS staffing and tax changes.
Monday, May 17 is the deadline to file 2020 income taxes, after the IRS pushed back the deadline due to the coronavirus pandemic. Many people who have already filed are still waiting for their refunds. CBS MoneyWatch reporter Aimee Picchi joins CBSN AM to discuss.
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
The bill failed for a second time, and Democrats are trying to use Republicans' opposition to shift public opinion on immigration in their favor.
The 2024 Atlantic hurricane season officially starts on June 1 and ends on November 30. Here are the details on NOAA's forecast for this year.
The abortion pill legislation could be a template for other states to take aim at the medication commonly used in early-stage pregnancies.
New legislation could hold people accountable who share non-consensual deepfake porn images online.
Louisville police released dashcam footage and video taken by a street camera outside the golf course.
The Supreme Court reversed a decision from lower court that found GOP lawmakers improperly used race when designing one of South Carolina's congressional districts.
The Justice Department filed a federal lawsuit accusing Ticketmaster and its parent company Live Nation of illegally monopolizing the live entertainment industry.
President Biden on Thursday announced his intent to designate Kenya as a major non-NATO U.S. ally, the first such designation for a sub-Saharan African country.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
In the remake of the Nintendo game "Paper Mario: The Thousand-Year Door" the character Vivian reveals she is transgender.
President Biden on Thursday announced his intent to designate Kenya as a major non-NATO U.S. ally, the first such designation for a sub-Saharan African country.
Used by more and more companies, artificial intelligence programs play a pivotal role in hiring, housing and medical decisions for millions of Americans.
The abortion pill legislation could be a template for other states to take aim at the medication commonly used in early-stage pregnancies.
The discount carrier, which has long withheld its fares from travel sites, said it wants to extend the reach of Southwest.com.
Used by more and more companies, artificial intelligence programs play a pivotal role in hiring, housing and medical decisions for millions of Americans.
The discount carrier, which has long withheld its fares from travel sites, said it wants to extend the reach of Southwest.com.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
Governor Ron DeSantis and state attorney general announce complaint against Starbucks coffee chain on conservative talk radio show.
Many Americans are increasingly skeptical about the value of a college degree. Here's what the income and wealth data shows.
New Hampshire's attorney general announced Thursday that Steve Kramer was indicted on 26 charges in the state and the FCC said he had been fined $6 million.
New legislation could hold people accountable who share non-consensual deepfake porn images online.
President Biden on Thursday announced his intent to designate Kenya as a major non-NATO U.S. ally, the first such designation for a sub-Saharan African country.
Used by more and more companies, artificial intelligence programs play a pivotal role in hiring, housing and medical decisions for millions of Americans.
The abortion pill legislation could be a template for other states to take aim at the medication commonly used in early-stage pregnancies.
Singer and actor Nick Jonas says these three things help him take care of his mental health as part of his Type 1 diabetes management.
A Michigan farmworker has been diagnosed with bird flu after being in contact with cows presumed to be infected, state health officials announced in a statement Wednesday.
A firefighting foam known as AFFF contains PFAS, also known as "forever chemicals," that have been linked to cancer.
Actor Taye Diggs is opening about a mental health condition that has affected his younger sister Christian: schizophrenia, which impacts how a person thinks, feels and behaves.
Vital Pursuit will include whole-grain bowls, protein pasta, sandwich melts and gluten-free options.
President Biden on Thursday announced his intent to designate Kenya as a major non-NATO U.S. ally, the first such designation for a sub-Saharan African country.
Toronto's WNBA expansion team is expected to play its first game in 2026. A team name has not yet been announced.
The climb by Joshua Cheruiyot Kirui, a 40-year-old banker at Kenya Commercial Bank, had been closely followed in Kenya.
The sister of an Israeli hostage seen in a Hamas video says the world needs to see the grim images, because "people are forgetting."
Deadly unrest on France's far-flung Pacific territory of New Caledonia has drawn a hasty visit by President Emmanuel Macron.
Grammy-winning artist Lenny Kravitz gets personal with "CBS Mornings" co-anchor Gayle King, sharing his perspective on finding love and whether he's open to it right now.
Grammy-winning artist Lenny Kravitz tells "CBS Mornings" co-anchor Gayle King about his thoughts on finding love and says he's "just open" right now.
"The Miseducation of Lauryn Hill" topped Apple Music's list while Michael Jackson's "Thriller," Stevie Wonder's "Songs in the Key of Life" and Nirvana's "Nevermind" finished in the top 10.
Radio host Charlamagne tha God is known for his straightforward opinions on "The Breakfast Club." In his new book, "Get Honest or Die Lying," he writes about the impact of having meaningful conversations.
"CBS Mornings" co-anchor Gayle King sits down with music legend Lenny Kravitz to talk about his upcoming album, growing up in New York City, overcoming his insecurities and more.
New legislation could hold people accountable who share non-consensual deepfake porn images online.
Artificial intelligence can create fake images and videos of real people, including so-called deepfake porn. Congress is now considering a bill to make it illegal to share those images, exposing those who post deepfake porn to jail time and a hefty fine. There were more than 21,000 deepfake porn videos online last year.
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.
Amazon's Alexa voice assistant is getting an upgrade to make it more conversational and intuitive as Amazon tries to compete with newer chat models introduced by Google and OpenAI. Eugene Kim, chief technology correspondent for Business Insider, joined CBS News to discuss the changes.
Nebraska sued social media giant TikTok and its parent company ByteDance, claiming the platform targets minors with "addictive design" and alleging it's "fueling a youth mental health crisis."
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
The Environmental Protection Agency is urging water systems to take immediate actions to protect the nation's drinking water from cyberattacks. CBS News homeland security and justice reporter Nicole Sganga joins to discuss.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
Court documents reveal new details about the murders of Veronica Butler and Jilian Kelley in rural Oklahoma earlier this year.
U.S. Customs and Border Protection said that the six tons of meth were found in hundreds of packages hidden in the shipment.
Family members of the victims of the mass shooting in Uvalde, Texas, have agreed to settle their lawsuit against the city for around $2 million. It includes money for the graves of the victims. Lawyers also announced a new lawsuit, this one against the state of Texas.
The Drug Enforcement Administration says it seized over 79 million fake pills containing fentanyl in 2023, a more than 33% increase from the year before. To combat the crisis, officials are cracking down on drug traffickers by targeting online retailers selling pill presses. CBS News homeland security and justice reporter Nicole Sganga explains.
The family members of Uvalde school shooting victims announced Wednesday a $2 million settlement with the Texas city. Law enforcement agencies who responded to the 2022 mass shooting at Robb Elementary School have come under scrutiny for their actions during the attack. Josh Koskoff, a lawyer representing the victims' families, spoke at a press conference.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
May's full moon will peak on Thursday morning, but the Flower Moon already appears full.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
NASA ruled out a planned Saturday launch of Boeing's Starliner to allow more time for analysis of a small, but persistent helium leak in the ship's propulsion system.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
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?
Grammy-winning artist Lenny Kravitz tells "CBS Mornings" co-anchor Gayle King about his thoughts on finding love and says he's "just open" right now.
A man died and dozens were injured when a Singapore Airlines flight from London encountered severe turbulence earlier this week. Capt. Laura Einsetler, a commercial airline pilot, joined CBS News to discuss how to stay safe during turbulence on a flight.
The American Academy of Pediatricians is issuing updated breastfeeding guidance for people with HIV, saying with routine medication to suppress the virus, the risk of transmission is less than 1%. Dr. Dyan Hes, director of pediatrics at Concorde Medical Group, joined CBS News to discuss the development.
Louisville Mayor Craig Greenberg and Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel gave an update Thursday on last week's arrest of golfer Scottie Scheffler outside the PGA Championship. Greenberg said the arresting officer was not wearing a bodycam, but that they would release video of the incident later in the day.
U.K. Prime Minister Rishi Sunak announced Wednesday that the next general election would take place July 4, a move that's been greeted with derision from some members of his own party. CBS News senior foreign correspondent Charlie D'Agata has more.