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 war could escalate further as Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
The Iran war is testing the U.S. military's ability to combat Iran's drones in a cost-effective way. Emerging laser tech, designed to zap drones out of the sky, may help.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said .
More than 11.5 million people are under blizzard warnings, another 4.3 million are under winter storm warnings, and about 20.6 million are under an extreme heat watch, according to forecasters.
A fifth of seven members of the Iran women's soccer team who accepted refugee visas to stay in Australia has changed her mind, a sport official says.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
The United States will face the winner of Monday's semifinal between Italy and Venezuela in Tuesday's World Baseball Classic title game.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
As Kumail Nanjiani took the stage to announce the winner for Best Live-Action Short at the 98th annual Academy Awards, the actor exclaimed: "And the Oscar goes to ... it's a tie."
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Rep. Dan Crenshaw, whose term as representative of Texas' 2nd congressional district is set to end following his loss in the Republican primary earlier this month, appeared on "Face the Nation with Margaret Brennan" on Sunday.
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and Rep. Dan Crenshaw join Margaret Brennan.
The following is the transcript of the interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
The following is the transcript of the interview with National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
The following is the transcript of the interview with Rep. Dan Crenshaw, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
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.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said .
The operation marks the latest joint show of force against drug cartels in the South American country.
Iran war could escalate further as Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
A fifth of seven members of the Iran women's soccer team who accepted refugee visas to stay in Australia has changed her mind, a sport official says.
The United States will face the winner of Monday's semifinal between Italy and Venezuela in Tuesday's World Baseball Classic title game.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
The North American box office grossed $9 billion last year, far below pre-pandemic numbers. One survey found only half of Americans said they saw a movie in theaters last year. Gwen Baumgardner reports.
As Kumail Nanjiani took the stage to announce the winner for Best Live-Action Short at the 98th annual Academy Awards, the actor exclaimed: "And the Oscar goes to ... it's a tie."
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Hosted by Mo Rocca. Featured: Hollywood, the Dream Factory; "Peaky Blinders" actor Cillian Murphy; Marc Jacobs and Sofia Coppola; John Mayer and McG preserve a Hollywood landmark; a Russian schoolteacher's resistance documented in "Mr. Nobody Against Putin"; and a tribute to documentary filmmaker Frederick Wiseman.
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.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
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.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said .
The operation marks the latest joint show of force against drug cartels in the South American country.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
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.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
Richard Pulley, 78, says he was forced out of retirement and had to pick up a DoorDash gig after his wife unexpectedly lost her job. Jericka Duncan reports on what happened when one person saw him dropping off her delivery.
Resorts nationwide are dealing with a big drop in international visitors. That's being felt especially hard in Whitefish, Montana, about 60 miles south of the U.S.-Canada border. Andres Gutierrez reports.
The North American box office grossed $9 billion last year, far below pre-pandemic numbers. One survey found only half of Americans said they saw a movie in theaters last year. Gwen Baumgardner reports.
The CEOs of ten major U.S. airlines are demanding Congress end a funding standoff and pay TSA workers. In a letter, they claim 93% of Americans support paying aviation workers during government shutdowns. Tim McNicholas has more.
A major snowstorm is blasting the Midwest and Great Lakes with blizzard conditions and what could be record snow. Ian Lee has a report on the conditions and Andrew Kozak has a look at the forecast.