Fear an IRS audit? Here are the odds based on your income.
Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
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Two groups of taxpayers are more likely to face an IRS audit than other Americans, and it's only high income earners.
The U.S. tax system is designed to be progressive, with rich people paying a larger share of their income to the IRS. Here's what to know.
Americans still have a few days to file their 2023 taxes. The IRS says more than 90 million tax returns have been received as of March 29. Medora Lee, a personal finance reporter for USA Today, joins CBS News with tips on making the deadline.
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
As the tax filing deadline approaches, watch out for the IRS list of the so-called “dirty dozen" which are tax scams the IRS commonly sees.
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.
As the tax season progresses, the IRS reports having received over 71.5 million tax returns, already issuing more than 49 million refunds to Americans. With the average refund amounting to $3,109, CBS News business analyst Jill Schlesinger offers advice on how Americans can make the most of their tax refund.
Hunter Biden, President Biden's son, is asking a Los Angeles judge Wednesday to dismiss tax charges against him, claiming politics have compromised the case. CBS News' Erica Brown reports.
The deadline for filing tax returns is a little less than a month away. The IRS says it expects more than 128 million individual tax returns this year. Julie Weil, a tax reporter for The Washington Post, joined CBS News with some tips for couples on whether it's better to file joint or separate returns.
Trump loses bid to block Michael Cohen, Stormy Daniels' testimony in "hush money" trial; how to know when to file joint or separate taxes.
A new analysis of executive compensation arrives as President Biden pushes to hike taxes on corporations and the rich.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
The IRS cracking down on wealthy people who've skipped out on filing tax returns
As more employers embrace the work-from-home model, commercial real estate is reeling from declining demand and staggering occupancy rates. Benjamin Keys, a real estate pressor at The Wharton School of the University of Pennsylvania, joins CBS News with a look at the changing trends.
After almost one month of tax filing, Americans are seeing bigger tax refunds, according to IRS data. Here's what to expect.
The IRS said it will begin dozens of audits on businesses' private jets and whether executives use them for personal reasons.
The IRS is turning over a new, digital leaf this tax season to cut down on all the paperwork the agency has to deal with. Lana Zak has a look at the details.
Some Americans could see bigger tax refunds this year, with some potentially receiving 10% more than a year earlier. CBS MoneyWatch associate managing editor Aimee Picchi breaks down the potential tax benefits for this year's tax season.
The IRS says tax revenues will rise by as much as $561 billion over the next decade due to funding from the Inflation Reduction Act.
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.
Trump's tax law capped the so-called SALT deduction at $10,000, a measure that some lawmakers have called unfair to many homeowners.
In Belgium, roads have been blocked as farmers protest outside the European Union summit over European agriculture policies and increased taxes in certain countries. In France, farming tractors blocked lanes or entire sections of highways for miles. CBS News' Elaine Cobbe reports.
The IRS opened for filing on January 29. Here's what to expect with your tax refund, from how much you'll get to when you'll get it.
The IRS has begun accepting tax returns for the 2024 tax season. Starting in March, the agency will offer a free program in 12 states that will let eligible taxpayers directly file with them electronically. Commissioner of the IRS Danny Werfel joined CBS News to discuss the program.
Hegseth said the ceasefire with Iran "certainly holds" for now after a naval clash between Iranian and U.S. forces and renewed attacks on the UAE.
Border czar Tom Homan conceded "things weren't perfect" during the crackdown in Minneapolis, but stressed that the administration is not backing down from its mass deportation effort.
The U.S. Coast Guard is trying to find the owners of a sailboat that may have been moored next to Lynette Hooker's vessel the night she disappeared in the Bahamas, marking a new development in the search for the missing Michigan woman.
Accused White House Correspondents' Dinner attacker Cole Allen was indicted Tuesday on four charges, including a new charge of assaulting a federal officer.
The incident happened at about 10 a.m. The Carrollton Police Department, Texas Department of Public Safety and other agencies are on scene.
Voters are going to the polls Tuesday in Ohio and Indiana — in the Buckeye State, they'll be casting ballots in Senate, House and governor's primary races, while Hoosiers will weigh in on House and state races.
Passengers aboard the ship are in good spirits but may have to quarantine for "eight weeks," a World Health Organization official told CBS News.
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
President Trump has attacked Justices Neil Gorsuch and Amy Coney Barrett for voting to strike down his most sweeping tariffs.
Border czar Tom Homan conceded "things weren't perfect" during the crackdown in Minneapolis, but stressed that the administration is not backing down from its mass deportation effort.
Employment watchdog accuses the New York Times of violating federal law by passing over a White male journalist for a job.
The U.S. Coast Guard is trying to find the owners of a sailboat that may have been moored next to Lynette Hooker's vessel the night she disappeared in the Bahamas, marking a new development in the search for the missing Michigan woman.
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Employment watchdog accuses the New York Times of violating federal law by passing over a White male journalist for a job.
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
Utz Quality Foods is recalling some of its Zapp's and Dirty brand potato chips because an ingredient may be contaminated by salmonella.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Border czar Tom Homan conceded "things weren't perfect" during the crackdown in Minneapolis, but stressed that the administration is not backing down from its mass deportation effort.
Accused White House Correspondents' Dinner attacker Cole Allen was indicted Tuesday on four charges, including a new charge of assaulting a federal officer.
Local activist Barbara Wien will not be criminally charged for doxxing top White House aide Stephen Miller, according to a court filing.
President Trump has attacked Justices Neil Gorsuch and Amy Coney Barrett for voting to strike down his most sweeping tariffs.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
A suspected hantavirus outbreak on the MV Hondius cruise ship has killed three people and sickened at least four others, officials said.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
A suspected outbreak of hantavirus on a cruise ship has killed three people, officials say. Tom Hanson reports.
A federal appeals court blocked a FDA rule that allowed the abortion pill mifepristone to be dispensed through the mail.
A suspected outbreak of the rare hantavirus on a cruise ship in the Atlantic off Africa killed three people and sickened at least three others, health officials say.
A suspected hantavirus outbreak on the MV Hondius cruise ship has killed three people and sickened at least four others, officials said.
The city, known for its tolerance of some drugs and sex work, no longer allows ads for airlines, cruises, beef, chicken, pork or fish products.
Keir Starmer warned Tuesday that there would be "consequences" if Iran is proven to be behind a recent series of antisemitic attacks in the capital.
Iranian vessels fired on U.S. ships guiding vessels through the Strait of Hormuz, resulting in the U.S. sinking several small Iranian boats.
Passengers aboard the ship are in good spirits but may have to quarantine for "eight weeks," a World Health Organization official told CBS News.
Oprah Winfrey selected "John of John" by award-winning author Douglas Stuart, known for "Shuggie Bain," as her latest book club pick. Watch the author, Douglas Stuart, read an excerpt from his novel that Winfrey calls " a complex and compelling tale that ultimately showcases the transformational power of love."
CBS News' Adriana Diaz and contributor Lauren Sherman join CBS News 24/7 to share details from the 2026 Met Gala.
The nominees for the 79th annual Tony Awards, which air on CBS on June 7, were revealed on Tuesday. CBS News New York's Dave Carlin joins with more.
GAP Inc. executive vice president and creative director Zac Posen discusses designing model Kendall Jenner's dress for this year's Met Gala. He also dives into other looks that stood out at the annual event.
Stars shined at fashion's biggest night of the year on Monday, the Met Gala. This year's event was co-chaired by Beyoncé, Nicole Kidman and Venus Williams. Outside the museum, protesters gathered holding letters that spelled out "tax the rich." Adriana Diaz reports.
"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a letter to employees.
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state alleged.
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.
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
"Sunday Morning" looks back at historical events on this date.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
A Tarrant County jury sentenced Tanner Horner to death for the 2022 kidnapping and murder of 7-year-old Athena Strand.
The incident happened at about 10 a.m. The Carrollton Police Department, Texas Department of Public Safety and other agencies are on scene.
A federal judge apologized to Cole Allen, the suspect in the White House Correspondents' Dinner shooting case, for what he saw as overly restrictive and punitive conditions at the D.C. jail where he's being held. CBS News' Katrina Kaufman reports.
Joaquin "El Chapo" Guzman is serving a life sentence at a maximum security facility in Colorado.
The White House was on lockdown Monday afternoon after the Secret Service shot a gunman just blocks away near the Washington Monument. Nicole Sganga reports.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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.
Border czar Tom Homan acknowledged "things weren't perfect" in the immigration crackdown in Minneapolis, but highlighted his efforts to make changes after President Trump sent him to the city following the deadly shooting of Alex Pretti. "Things weren't perfect. We addressed it. We fixed it," Homan told CBS News immigration correspondent Camilo Montoya-Galvez in an exclusive interview.
Nearly four years after the Supreme Court overturned Roe v. Wade, a new study found the number of abortions nationwide has slightly increased. The news comes during a renewed legal battle over access to the abortion pill mifepristone. Alina Salganicoff, senior vice president and director of the KFF Women's Health Policy Program, joins CBS News to discuss.
Police gave an update Tuesday on a shooting at a Dallas-area shopping center that killed two people. The suspect is in custody, authorities said.
Defense Secretary Pete Hegseth said Tuesday that the U.S.-Iran ceasefire is holding. He called Project Freedom, the effort to guide commercial ships through the Strait of Hormuz that drew Iranian attacks on Monday, a separate and "temporary" operation. CBS News' Natalie Brand and Eleanor Watson have more.
The nationwide partisan congressional redistricting push have come to Tennessee and Alabama. CBS News' Nicole Valdes and Shawna Mizelle report.