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.
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Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
The GOP tax and spending bill creates a tax deduction for workers in tipped occupations. Here's what to know.
New deduction allows taxpayers to deduct up to $10,000 on interest they paid to buy a new American-made vehicle in 2025.
The FTC is warning taxpayers to keep an eye out for phishing and smishing scams aimed at stealing tax refunds and personal data.
The U.S. government is sending notices to borrowers who may have defaulted on student loans. CBS News' Jill Schlesinger breaks down how your wages and tax returns could be at stake.
President Trump suffered another legal setback in his battle to keep his tax returns private. An appeals court ruled the president's tax returns cannot be kept from state investigators. Paula Reid has the latest.
One day after choosing Congressman Paul Ryan as his running mate, presidential candidate Mitt Romney and Rep. Ryan sit down for an interview with CBS News' Bob Schieffer
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.
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.
CBS News business analyst Jill Schlesinger breaks down the new IRS 2025 tax brackets. Each year, the agency makes adjustments to the tax code to account for inflation.
Trump pledges to fight Congressional subpoenas; Joe Biden to launch presidential campaign
Talks between Trump and Dems breaks down; Author Tony Schwartz on 'The Takeout'.
The tax filing deadline for most Americans is April 15. Pratik Patel, head of family wealth strategies for BMO Family Office, joined CBS News with some helpful advice to avoid common filing mistakes.
Tax season is officially underway. The Internal Revenue Service says they're anticipating more than 146 million individual tax returns to be filed by the April 15 deadline. CBS News business analyst Jill Schlesinger shares some useful tax tips for filers.
An attorney for an IRS agent sent a letter to lawmakers asking for whistleblower protections, writing his client has information suggesting an investigation is being influenced by "preferential treatment and politics." CBS News has learned it is the Hunter Biden tax investigation. Chief investigative correspondent Jim Axelrod reports.
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.
A first-of-its-kind study finds strong correlations between married couples' name order, their finances and social views.
After years of abject performance, the tax agency is finally making significant strides — no, really.
An attorney for an IRS supervisor is looking to get whistleblower protections for his client, who CBS News has learned is part of the federal investigation into Hunter Biden's tax returns. CBS News chief investigative correspondent Jim Axelrod has more.
The Bidens earned a total of $579,514 and paid $169,820 in total federal and state taxes.
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.
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.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
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.
Iran retaliates for Israel's latest assassinations as Trump and Netanyahu give no indication the war is about to let up, 19 days in.
The Pentagon has prepared multiple options for President Trump as potential next steps in the Iran war.
Treasury chief Scott Bessent said Russia wouldn't benefit from an easing of oil sanctions to calm energy markets. But Russia is.
Democrats would have to convince at least four Republicans to join their discharge petition to force a floor vote.
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
Sen. Markwayne Mullin appeared before the Senate Homeland Security and Governmental Affairs Committee as the Senate considers his confirmation to replace Kristi Noem as DHS secretary.
Acting deputy TSA administrator Adam Stahl says the situation will get worse the longer the agency and the Department of Homeland Security don't receive funding.
President Trump is likely to make less of an impact on the federal bench in his second term because of fewer vacancies, a slower pace of retirements and the potential for Democrats to regain control of the Senate in November.
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
Allegations of abuse of women and girls by union leader Cesar Chavez were first reported by the New York Times on Wednesday.
Travelers hoping to bypass some of the increasingly long wait times at U.S. airports can enroll in the TSA PreCheck Touchless ID program, which is now operating at 65 locations.
As Disney CEO, Josh D'Amaro will be in charge of a massive entertainment empire that includes parks, movies and a streaming service.
Sen. Markwayne Mullin is appearing before the Committee on Homeland Security after President Donald Trump nominated him to replace Kristi Noem as the Homeland Security Secretary.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
Travelers hoping to bypass some of the increasingly long wait times at U.S. airports can enroll in the TSA PreCheck Touchless ID program, which is now operating at 65 locations.
As Disney CEO, Josh D'Amaro will be in charge of a massive entertainment empire that includes parks, movies and a streaming service.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
USPS Postmaster General David Steiner said raising the price of stamps would "largely solve" the agency's financial woes.
The WNBA and its players' union reached a verbal agreement on a transformational new collective bargaining agreement early Wednesday morning, both sides said.
Democrats would have to convince at least four Republicans to join their discharge petition to force a floor vote.
The Pentagon has prepared multiple options for President Trump as potential next steps in the Iran war.
Sen. Markwayne Mullin is appearing before the Committee on Homeland Security after President Donald Trump nominated him to replace Kristi Noem as the Homeland Security Secretary.
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Treasury chief Scott Bessent said Russia wouldn't benefit from an easing of oil sanctions to calm energy markets. But Russia is.
The Pentagon has prepared multiple options for President Trump as potential next steps in the Iran war.
The skeleton is the latest in a series of bodies discovered in the city of Dijon that were mysteriously buried in a seated position while facing west.
Italian soldiers are patrolling Rome's ancient Jewish quarter and Belgian troops will help secure Jewish sites as an official warns the threat of antisemitic violence "is very real."
Video widely shared online showed a woman angrily confronting a robot as it waved its metallic arms at her, while a crowd of onlookers gathered around.
The band The Last Dinner Party is coming to the U.S. next week to tour its second album, "From the Pyre." The members of the band spoke to Anthony Mason about how they met, their rapid rise to fame and the support they've had along the way.
For more than 30 years, Vanity Fair has thrown an exclusive Oscar's after party. This year, the magazine's new global editorial director Mark Guiducci decided to trim the guest list, didn't allow press inside and even required guests to put a sticker over their phone camera for privacy. He speaks to "CBS Mornings" and gives an up-close look at the party.
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
Melissa Etheridge speaks with "CBS Mornings" about releasing her 17th studio album "Rise" later this month, writing about the loss of her son and grief.
Kristin Cabot, the woman from the viral Coldplay "kiss cam" video, spoke in an exclusive interview with Oprah Winfrey about the backlash she received from that moment and how it differed from comments made about her boss Andy Byron, the CEO of their company.
From intelligence to research and grant applications, artificial intelligence is playing a bigger role in government and military operations.
A verdict could come as soon as Tuesday in the landmark trial against Meta and Google for allegedly fueling social media addictions. CBS News contributor Jessica Levinson has more.
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.
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
The song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
Law enforcement sources told CBS News that additional images were obtained from surveillance cameras installed at Guthrie's Tucson home, but they showed nothing suspicious.
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.
Sebastian Marset, who eluded police for years, was captured in Bolivia last week and transferred to U.S. custody.
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
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.
A meteoroid was spotted streaking across the sky in 10 states. In some areas, there was also a loud boom, similar to an explosion. NASA says the meteor, which was traveling 45,000 mph in the sky, fragmented - causing the bright fireball and loud boom.
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 the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Top U.S. intelligence officials testified before the Senate Select Committee on Intelligence about worldwide threats. Senators pressed Director of National Intelligence Tulsi Gabbard about intelligence assessment and what was shared with President Trump before U.S.-Israeli conducted strikes against Iran. CBS News' Taurean Small has more.
President Trump once again disparaged NATO allies over their response to his demands for help with reopening the Strait of Hormuz. CBS News' Olivia Rinaldi has the latest.
Markwayne Mullin's Senate confirmation hearing to replace Secretary of Homeland Security Kristi Noem kicked off Wednesday with a tense exchange with Sen. Rand Paul. Lawmakers also questioned Mullin about his response to Border Patrol agents shooting in killing Alex Pretti in Minneapolis. CBS News' Nicole Sganga has more.
Sen. Angus King of Maine questioned CIA Director John Ratcliffe and Director of National Intelligence Tulsi Gabbard about briefing President Trump about intelligence on Iran in the days and weeks leading up to Operation Epic Fury. King pointed out discrepancies between the intelligence agency's assessment and what Mr. Trump has said publicly.
CIA Director John Ratcliffe told GOP Sen. John Cornyn that he disagreed with Joe Kent, who resigned as the director of the National Counterterrorism Center over the Iran war. Ratcliffe said he believed Iran "has been a constant threat to the United States for an extended period of time and posed an immediate threat at this time."