Here's how likely millionaires are to be audited by the IRS
Although IRS critics raise concerns about onerous enforcement, high-income earners have little to fear, group finds.
Watch CBS News
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.
House Democrats released six years of former President Trump's tax returns on Friday, in the culmination of a long battle that went all the way to the U.S. Supreme Court. CBS News' Skyler Henry reports from Capitol Hill, then CBS News chief election and campaign correspondent Robert Costa joins anchor Lana Zak to discuss the impact.
A House committee released years of former President Donald Trump's tax returns Friday. Forensic analyst Bruce Dubinksy says that while the thousands of pages of information will take days to comb through, so far he's seeing no major red flags -- but there are questions about certain parts of his finances, and it's clear Mr. Trump took advantage of legal tax loopholes.
CBS News legal contributor Rebecca Roiphe joined Debra Alfarone with a glimpse into former President Donald Trump's tax returns as a House panel prepares to make his tax records public.
The House Ways and Means Committee has released six years' worth of tax returns for former President Donald Trump and a number of his businesses after a long legal fight. CBS News congressional correspondent Scott MacFarlane joins us with the latest on the release and Trump's reaction.
Delay tactics caused tensions between the IRS and Trump's counsel, mirroring strife in recent Trump court cases.
Mazars USA worked for Trump for decades until February of this year, when it cut ties with the former president and his company.
The House Ways and Means Committee is expected to release six years' worth of former President Donald Trump's tax returns, after voteing Tuesday night along party lines in favor of making the documents public. Bloomberg congressional and tax reporter Laura Davison joins CBS News to discuss.
Max out contributions to your 401k, prune investments and make sure you've paid enough to reduce headaches in April.
The Democratic-controlled House Ways and Means Committee on Tuesday voted along party lines to publicly release portions from six years of former President Donald Trump's tax returns. Watch committee Democrats discuss the vote.
Ukrainian President Volodymyr Zelenskyy is expected to visit Washington, D.C., and address Congress Wednesday, several congressional sources told CBS News. It would mark his first international trip since Russia invaded Ukraine. CBS News congressional correspondent Scott MacFarlane discussed the latest.
Many Americans should brace for smaller refunds next April, since several pandemic relief programs are set to expire. CBS MoneyWatch associate managing editor Aimee Picchi joins "CBS News Mornings" with the latest.
CBS News congressional correspondent Scott MacFarlane joins us from Capitol Hill with an update on the House Democrats' leadership vote and the legal fight to obtain former President Trump's tax returns.
The Supreme Court on Tuesday rejected a request by former President Donald Trump to block the release of his tax returns to a Democrat-led House committee.
The Supreme Court denies former President Donald Trump's request to withhold his taxes from Congress. Plus, longtime Trump ally, Sen. Lindsey Graham, testifies before the special grand jury investigating efforts to overturn the results of the 2020 election in Georgia. CBS News political contributor Sean Sullivan joined CBS News' Omar Villafranca to discuss.
The Supreme Court denied a request from Sen. Lindsey Graham to block a subpoena requiring him to testify in Georgia's 2020 election probe. CBS News legal contributor Jessica Levinson discusses the latest.
The deadline to file taxes is right around the corner, and millions of Americans are rushing to file before the deadline. Washington Monthly contributing editor and author Anne Kim joined CBS News to give some tips on which tax preparation companies to use and how to avoid being overcharged.
Former special counsel will face questions on investigation into Russian meddling. Ice makes 35 arrests during immigration raids.
As the former president's legal problems cascaded this week – an unprecedented search warrant obtained for classified documents stored at his Florida home; a court decision regarding his tax returns; and his pleading the fifth during a deposition in a civil case against his company – his supporters denounced the FBI, and spoke openly on social media about retaliation. CBS News chief Washington correspondent Major Garrett reports about America's democracy entering uncharted waters.
The clock is ticking for Americans looking to file their taxes as the April 18 deadline approaches. CBS News MoneyWatch reporter Irina Ivanova has some advice for people who have waited to file their returns.
Officials warn millions of paper returns received in 2022 have not yet been processed, despite the agency's progress in reducing the backlog from last year.
The IRS is boosting audits on higher earners, with the audit rate jumping fourfold on filers earning more than $10 million.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
The Trump administration is awaiting Iran's formal response to its 15-point peace proposal, as Tehran continues blocking the Strait of Hormuz.
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
A global team of air force rescuers is on standby, ready to come to the aid of the Artemis II crew after their space launch.
The House passed a measure to fund the Department of Homeland Security for 60 days — but it's still unclear how the shutdown will end as the Senate, which approved its own funding plan, is on recess.
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
Two sailboats that went missing carrying humanitarian aid from southern Mexico to Cuba landed in Havana on Saturday afternoon.
In 2021, Woods was seriously injured in a rollover crash in Rolling Hills Estates, a Los Angeles suburb.
After their kidnapping case drew national attention because they were accused of making it up, Denise Huskins Quinn and Aaron Quinn worked with law enforcement to help uncover additional crimes committed by their attacker – helping to bring justice to other victims and reclaiming their own story.
The price of ammonia and urea, two fertilizer ingredients seeing disruptions, are up around 20% and 50%, respectively, since the start of the Iran war.
Dr. Lee rose to fame after his testimony in Simpson's 1995 trial, in which he questioned the handling of blood evidence.
The school district said 25 students and five adults were on the bus headed out for a school field trip.
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
Bank of America has reached a $72.5 million settlement in a lawsuit that alleges the financial giant helped facilitate the sex trafficking operation of convicted sex offender Jeffrey Epstein.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
About 1 in 4 Americans are using AI chatbots to prepare their tax returns, but experts warn the tools can produce outdated or inaccurate guidance.
As the war with Iran continues, CBS News is tracking gas and oil prices. Find out how much more it costs to fill up your tank or heat your house.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
At this year's CPAC, many attendees toed a fine line between backing the war in Iran and worrying about how the conflict could expand.
As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key weapon in Iran's arsenal — and some shipping and insurance experts don't expect the situation to return to normal until the conflict winds down.
More than 7 million student loan borrowers who've been enrolled in a Biden-era repayment plan will receive notices with instructions to seek a new plan to repay their debt.
The U.S. has used close to 1,000 Tomahawk missiles since June 2025 and has been procuring them at a rate of about 90 per year.
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
The Europeans also argue that the war in Ukraine is intertwined with the war in Iran due to the cooperation between Russia and Iran.
An election earlier this month was the country's first since youth-led protests against corruption and poor governance.
U.S. Central Command said Saturday that more than 11,000 targets have been struck since Operation Epic Fury began on Feb. 28.
Six weeks after Ilia Malinin missed the Olympic podium, the "quad god" reeled off huge jumps and a backflip to retain his world figure skating championship title.
The incident occurred in the middle of the night, while the office was closed. No employees were injured, according to the bank.
Tony Award-winner Brandon Uranowitz sits down with "CBS Saturday Morning" to discuss his journey to landing his latest role in "Ragtime" at Lincoln Center.
Bob Crawford, the bassist for The Avett Brothers, shares with "CBS Saturday Morning" why he believes John Quincy Adams is an underrated American hero amid the release of his new book "America's Founding Son: John Quincy Adams, from President to Political Maverick."
Grammy-nominated Australian singer-songwriter Courtney Barnett's latest studio album "Creatures of Habit" takes inspiration from recent life changes, including her move to Los Angeles. Here is Courtney Barnett with "Mantis."
Grammy-nominated Australian singer-songwriter Courtney Barnett's latest studio album "Creatures of Habit" takes inspiration from recent life changes, including her move to Los Angeles. Here is Courtney Barnett with "Stay In Your Lane."
Grammy-nominated Australian singer-songwriter Courtney Barnett's latest studio album "Creatures of Habit" takes inspiration from recent life changes, including her move to Los Angeles. Here is Courtney Barnett with "One Thing At A Time."
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
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.
As AI use rises, many see it decreasing the number of jobs available.
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
A couple is attacked as they slept. They later team up with law enforcement and get their assailant to confess to more crimes. "48 Hours" correspondent Tracy Smith reports.
After their kidnapping case drew national attention because they were accused of making it up, Denise Huskins Quinn and Aaron Quinn worked with law enforcement to help uncover additional crimes committed by their attacker – helping to bring justice to other victims and reclaiming their own story.
The incident occurred in the middle of the night, while the office was closed. No employees were injured, according to the bank.
Tiger Woods was released from the Martin County jail in Florida following his DUI arrest after a rollover crash on Friday.
The Colombian navy said it also seized thousands of gallons of smuggled fuel, preventing "the strengthening of illicit economies."
The 322-foot rocket set to launch Artemis II stood ready on the pad at the Kennedy Space Center on Saturday. It will be the first crewed moonshot in over a half-century. Mark Strassmann is there.
A global team of air force rescuers is on standby, ready to come to the aid of the Artemis II crew after their space launch.
While final preparations are underway for the Artemis II launch, "CBS Saturday Morning" takes a peek behind-the-scenes at the plans being made for if the crew needs to be rescued.
NASA's Artemis II crew arrived in Florida on Friday, signaling final preparations are underway for the first crewed Moon mission since the Apollo 17 mission in 1972.
Four NASA astronauts are gearing up for a historic mission to return humans to deep space for the first time in over 50 years. The crew touched down at the Kennedy Space Center in Florida on Friday for final preparations ahead of next week's planned Artemis II launch. CBS News space consultant Bill Harwood has more.
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.
A couple is attacked as they slept. They later team up with law enforcement and get their assailant to confess to more crimes. "48 Hours" correspondent Tracy Smith reports.
Protesters around the U.S. and the world gathered for the third "No Kings" installment to protest President Trump and his administration.
American homes and businesses are feeling the ripple effects of the war in Iran. Gas prices are averaging $3.97 a gallon nationwide, up about one dollar in a month, and the largest four-year increase in 30 years. Lana Zak reports from Iowa.
In Altadena, California, Rene Amy is walking the empty lots of the Eaton Fire burn scar, scattering poppy seeds. He hopes for growth in a community with so much loss. Joy Benedict has the story.
The 322-foot rocket set to launch Artemis II stood ready on the pad at the Kennedy Space Center on Saturday. It will be the first crewed moonshot in over a half-century. Mark Strassmann is there.