Americans facing shrinking tax refunds as inflation remains high
By one estimate, roughly 70% of Americans worry about tax refunds this year, mainly because of expiring pandemic relief programs.
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By one estimate, roughly 70% of Americans worry about tax refunds this year, mainly because of expiring pandemic relief programs.
Amy Nofiziger, a fraud expert for AARP, says that as the deadline approaches, scammers, "know that we're stressed and that it's going to be easy manipulating us."
Differences in local tax rates across the U.S. can add up for those who live in certain states.
With the April 18 deadline to file taxes fast approaching, the IRS is warning this year's refund check will most likely be less than previous years. David Peters, a financial advisor and CPA, joined CBS News to discuss some last minute tips for those who have yet to file.
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
With the tax deadline roughly one month away, it's a good time to think about how to invest your potential tax refund. Dan Geltrude, founder of Geltrude and Co., joined CBS News to discuss investment strategies for maximizing your refund.
Some small business owners could be in for a shock this tax season. Rebecca Walser, a tax attorney and president of Walser Wealth Management, joins CBS News's Elaine Quijano and Jericka Duncan with more.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Here's everything you need to know about filing your federal income taxes in 2023.
A government watchdog warns that tax pros might not do a better job than you can — and some are straight-up fraudsters.
The answer depends on what type of an employee you were last year, according to Julia Glum, a news editor at Money.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
The tax agency had previously asked taxpayers in those states to hold off on filing their returns until the issue was resolved.
The IRS is urging millions of Americans to hold off on filing their tax returns. The agency said it needs to figure out whether special payments sent to taxpayers in multiple states last year, including California, will be subject to federal taxes.
Monday marked the official start of tax filing season. CBS News reporter Sarah Ewall-Wice joins Lilia Luciano and Lana Zak to outline tips for taxpayers that are being promoted by the Internal Revenue Service.
Americans can now file their tax returns for 2022. CBS MoneyWatch reporter Irina Ivanova joined "CBS News Mornings" to explain what's changed with this tax season and when people can expect to receive their refunds.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
The tax agency said it just finished sending the refunds to workers who paid tax on unemployment benefits that they didn't owe.
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
After a years-long legal battle between former President Donald Trump and Congress, on Friday House Democrats released six years' worth of Trump's tax returns, just days before Republicans take control of the House. CBS News Congressional Correspondent Scott MacFarlane reports some of the revelations, from how little taxes he paid, to the lack of an audit, as was expected by the IRS.
The thousands of pages of documents released by congressional Democrats paint a more detailed picture of former president Donald Trump's finances over a six-year period, including his time in the Oval Office. Steven Rosenthal, a senior fellow at the Urban-Brookings Tax Policy Center, joins CBS News to break down what the documents tell us.
The House Ways and Means Committee has released six years of tax returns from former President Donald Trump. CBS News legal contributor Jessica Levinson spoke with Lana Zak about the potential legal ramifications for Trump, this family and his businesses based on the newly public information.
An ICE officer shot a man Wednesday night in Minneapolis after allegedly being attacked by men with shovels during an arrest operation, three U.S. officials told CBS News.
Venezuelan opposition leader María Machado previously said she wanted to "share" the prize for removing Nicolás Maduro from power.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
President Trump is threatening to invoke a centuries-old law to deploy troops to Minnesota. Here's what to know.
A couple and their six children say they were trapped inside their vehicle when tear gas exploded underneath.
Mexican authorities were seeking details about what they say was the death of a Mexican citizen in an ICE detention facility in Georgia.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
Though DOJ says there's "no basis" for criminal civil rights probe in ICE shooting case, some legal experts say the division's lack of involvement here is unheard of.
The ICE agent involved in the fatal shooting could try to invoke immunity under the Constitution's Supremacy Clause to try to end state criminal prosecution.
An 18-year-old child of a deputy county attorney attended the campus event where Kirk was shot and texted with their father.
Postal officials have unveiled a forever stamp honoring Muhammad Ali. It marked the ultimate reversal of the government's view of the late boxing legend.
The FBI says that a suspect is in custody after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
The American Sign Museum in Cincinnati is a collection of more than a century of entrepreneurship and ambition.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
The increase in bankruptcy filings comes as Americans face a slate of economic pressures, from sticky inflation to elevated borrowing costs.
"We are in a little bit of a pothole," said GOP Sen. Bernie Moreno, who previously expected the compromise to be unveiled this week.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
Postal officials have unveiled a forever stamp honoring Muhammad Ali. It marked the ultimate reversal of the government's view of the late boxing legend.
Mexican authorities were seeking details about what they say was the death of a Mexican citizen in an ICE detention facility in Georgia.
The FBI says that a suspect is in custody after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Cell phone footage shared on social media by a Democratic state senator appears to show the moments after Wednesday's shooting took place, in which a woman calls 911 and can be heard pleading for help.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
The Trump administration reversed cuts to grants for mental health and addiction treatment programs that a CBS News source said were valued at around $1.9 billion.
In 2023, life expectancy in the Loop was 87.3 years, while in West Garfield Park, life expectancy was just 66.6 years, according to the city's Health Department.
Illnesses linked to the New York-based Live it Up Super Greens brand powder were reported in 21 states from Aug. 22 to Dec. 30, 2025.
Every state will receive at least $100 million annually from the federal Rural Health Transformation fund, but some scored millions more based on their plans and willingness to pass policies embracing MAHA initiatives.
Researchers excavated seven mummies along with the bones of 54 other cheetahs from a site near the city of Arar.
Mexican authorities were seeking details about what they say was the death of a Mexican citizen in an ICE detention facility in Georgia.
Several key U.S. allies in the Middle East have engaged in intensive diplomacy between Iran and the United States, aiming to stave off a military conflict, a Gulf official told CBS News.
Police said they had busted a network that saw smugglers swim on the high seas to help stash Colombian cocaine on container ships and hijack vessels.
As NATO prepares for war games around Greenland, Russia is highlighting the Trump administration's disagreement with its closest allies over the island.
Oscar's Place, a donkey sanctuary in California, now has 210 donkeys and it has successfully resettled 189 others. Ron King, the co-founder and CEO of the sanctuary, helped to create the new docuseries "Donkey King," which follows the work he and volunteers do to rescue, rehabilitate and resettle the animals to protect them. He speaks to "CBS Mornings" about his mission and why he says donkeys are misunderstood.
Another allegation against Busfield was reported to law enforcement the same day he turned himself in, according to a court filing.
"Sinners" stars Michael B. Jordan, Miles Caton and Wunmi Mosaku talk to "CBS Mornings" about the movie's recent success at the Golden Globes, the atmosphere on set and what they learned through the process.
Actor Ali Larter plays Angela Harris, the ex-wife of an oilman played by Billy Bob Thornton in the Paramount+ series "Landman." She talks to "CBS Mornings" about the series, working with Thornton and how she landed her role.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
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.
YouTube is introducing new parental controls on youth accounts that it says could limit how long kinds spend scrolling. The latest parental controls will focus on YouTube Shorts, which utilizes a continuous scrolling video feed featuring videos three minutes and shorter. Parents of kid and teen account users are now able to enact time restrictions that will limit how long their children can scroll.
A widespread Verizon outage hit the U.S. on Wednesday, leaving thousands of customers without service. CBS News' Karen Hua has more.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
The FBI says that a suspect is in custody after protests in north Minneapolis Wednesday evening culminated in vandalism and the apparent compromising of federal documents.
Federal prosecutors have charged 26 people, including many college basketball players, in an illegal gambling probe. Danny Funt, author of "Everybody Loses: The Tumultuous Rise of Sports Gambling," joins to unpack the alleged scheme.
Actor Timothy Busfield is being held without bond in his New Mexico child sex abuse case. Busfield denies the charges. CBS News reporter Andres Gutierrez has more.
Police said they had busted a network that saw smugglers swim on the high seas to help stash Colombian cocaine on container ships and hijack vessels.
William J. Brock fatally shot the driver after wrongly assuming she was in on a plot to get $12,000 in supposed bond money for a relative, authorities said.
A NASA crew splashed down off the coast of California on Thursday weeks earlier than scheduled due to an astronaut aboard the International Space Station dealing with a medical issue. Mark Strassmann reports on the unprecedented mission home.
Four space station Crew 11 fliers splashed down off the Southern California coast at 3:41 a.m. ET, closing out a 167-day stay in space cut short by a medical issue.
The members of SpaceX Crew-11 undocked from the International Space Station on Wednesday, beginning their journey back to Earth. The crew is leaving a month early after NASA announced that an unnamed team member experienced an undisclosed "medical concern." Clayton Anderson, a former NASA astronaut who spent time on the ISS, joins "The Daily Report" to discuss.
Crew-11 is preparing for an unprecedented early return to Earth over concerns for an astronaut's medical condition aboard the International Space Station. Mike Massimino, a former NASA astronaut and engineering professor at Columbia University, joins with more.
Four members of Crew-11 are preparing to return to Earth from the International Space Station later this week after a "medical concern" prompted NASA to cancel a scheduled spacewalk. Former astronaut Dr. Scott Parazynski joins with his reaction.
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.
All his life, Tod Swormstedt has been fascinated, not necessarily by American small businesses, but by their signs, which announce to all the world -- or at least the folks on Main Street -- "we're here." "CBS Evening News" anchor Tony Dokoupil paid a visit to the museum inspired by his passion.
Once among the hardest hit by the opioid epidemic, overdose deaths are falling in Ohio, though challenges remain. "CBS Evening News" anchor Tony Dokoupil reports.
Four space station fliers undocked and plunged back to Earth, safely splashing down in the Pacific Ocean off the Southern California coast six days after NASA ordered them home early because of an unspecified medical issue. Mark Strassmann has details.
Federal prosecutors charged 26 people in an alleged point-shaving scheme involving multiple current and former college basketball players, authorities announced. Scott MacFarlane reports.
The Iranian regime has appeared to tamp down anti-government protests that have swept across the country in recent weeks. Thousands are estimated to have been killed in the crackdown. Elizabeth Palmer has the latest.