These 9 states are cutting income taxes in 2026. See where.
Income tax cuts are taking effect in multiple U.S. states on Jan. 1, 2026, a new analysis says.
Taxes
Hawaii cruise passengers face new climate change tax after court ruling
The new tourist tax imposes an 11% tax on the gross fares paid by a cruise ship's passengers to address climate change threats to Hawaii.
Consumer confidence continues to fade despite heady economic growth
Concerns about inflation, tariffs and politics weighed on consumer sentiment in December, The Conference Board said.
How end of ACA subsidies will impact premiums
In less than three weeks, millions of Americans who rely on the Affordable Care Act for their health insurance could see their premiums skyrocket. Julie Rovner, chief Washington correspondent at KFF, joins "The Daily Report" to discuss.
Democrats, GOP still at odds over health care
The Senate on Thursday failed to advance a GOP measure aimed at addressing rising health care costs, along with Democrats' health care bill that would extend Affordable Care Act subsidies. CBS News congressional correspondent Caitlin Huey-Burns reports.
Democrats push to extend health care subsidies
The Senate is expected to vote next week on legislation to extend Affordable Care Act subsidies by three years. But will the bill go anywhere? Political strategists Mariel Sáez and Matt Gorman join with analysis.
Trump thinks tariff revenue could replace income taxes. Is that possible?
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
Bipartisan bill would extend health care credits
Republican Rep. Kevin Kiley and Democratic Rep. Sam Liccardo join "The Takeout" to discuss their plan to extend ACA tax credits for two years.
Deadline nears for clean energy tax credits
Time is running out for Americans looking to cash in on clean energy tax credits. The incentives, like those for solar panels, are going away by the end of the year. Nikole Killion reports.
West Virginia Sen. Jim Justice agrees to pay nearly $5.2 million in back taxes
U.S. Sen. Jim Justice of West Virginia has agreed to pay nearly $5.2 million in overdue personal taxes.
Your tax refund could be $1,000 higher in 2026. Here's why.
The impact of the Republicans' tax and spending law could result in the "largest refund season of the last decade," a Wall Street report says.
Rep. Ted Lieu: Democrats are "staying strong"
The House is set to vote on legislation to end the government shutdown on Wednesday evening. Democratic Rep. Ted Lieu of California joins "The Takeout" to break down the opposition to the bill.
3 key quotes from SCOTUS tariffs hearing
The majority of Supreme Court justices at a hearing on Wednesday appeared skeptical that President Trump can use a federal emergency powers law to impose his sweeping tariffs unilaterally. CBS News chief legal correspondent Jan Crawford has the details.
Americans may get bigger tax refunds next year, economic study finds
New tax cuts in the Republicans' "big, beautiful bill" act are retroactive to 2025, which means many Americans may get bigger refunds in early 2026. Here's why.
Tax extension filings still due on Oct. 15 despite government shutdown
Many IRS workers are furloughed due to the government shutdown, but taxpayers are still required to file their extensions this week.
IRS releases income tax brackets and standard deductions for 2026
The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.
The IRS will soon set its 2026 tax brackets. See how yours could change.
The IRS adjusts its tax provisions for inflation every year, which can help taxpayers avoid so-called "bracket creep."
Some state residents could enjoy bigger tax cuts next year. See where.
The typical U.S. taxpayer could see their taxes decrease by more than $3,750 next year thanks to fresh cuts, deductions and other provisions, according to a recent analysis.
Workers in 68 jobs may soon be exempt from paying taxes on tips, Treasury says
Waiters and bartenders are included in a proposed list of jobs that could qualify for a federal tax break on tips, as well as some workers who don't traditionally get gratuities.
Biden-era clean energy credits are set to expire by the end of the year
Under the One Big Beautiful Bill Act, clean energy tax credits are set to expire earlier than originally planned.
Trump says he's considering rebate checks for Americans based on tariffs
President Trump said he's considering using money generated by U.S. tariffs to offer a "little rebate" to Americans.
Trump spending law deficit concerns
A new Congressional Budget Office report projects President Trump's tax and spending law will add more than $3 trillion to the federal deficit over the next decade. Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget, joins "The Daily Report" with more.
Budget law provision draws gambler backlash
While gambling in the U.S. has skyrocketed in recent years, some professional bettors may be ready to fold over their displeasure with a provision in President Trump's tax and spending law. Professional poker player Phil Galfond joins "The Takeout" to discuss his concerns.
Impact of Trump's budget legislation on taxes
President Trump's new budget legislation, which he signed on July 4, could affect your wallet next year. CBS News business contributor Javier David has more details.
Premiums expected to rise for ACA enrollees
People who get their health insurance through the Affordable Care Act are expected to see a significant spike in their premiums next year because of several factors, including an end to certain tax credits. Dr. Jon LaPook explains.
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