Backlog, understaffing at IRS portend delays this tax season
The agency is warning of "major challenges" for taxpayers due to a significant backlog of returns from last year and major staff shortages.
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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.
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.
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.
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
If you filed taxes before Congress passed a law that exempted unemployment benefits, the IRS will automatically refund the overpayment.
Tax agency's backlog of unprocessed returns surged amid the pandemic, leading to a 50% spike in interest payments.
Fallout over NYT report on Trump's taxes; 2020 election to shape future of U.S. immigration
President Trump is refusing to directly address allegations he avoided paying any federal income tax for years. Ben Tracy has the latest.
July 15 is the deadline to file your 2019 returns, yet some taxpayers may not get their refund for months.
Because of an IRS backlog, some Americans are "in for a long wait" to get their money, U.S. taxpayer advocate says.
Once you file your tax return, it can take days or weeks for your refund to arrive. But there are steps you can take to get it faster. NerdWallet personal finance expert Kimberly Palmer explains.