IRS revenue reportedly dropping $500 billion
The IRS and Treasury Department are predicting a loss of more than $500 billion in tax revenue compared to 2024, according to the Washington Post. CBS News White House reporter Aaron Navarro has more.
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The IRS and Treasury Department are predicting a loss of more than $500 billion in tax revenue compared to 2024, according to the Washington Post. CBS News White House reporter Aaron Navarro has more.
According to the IRS, 61.4 million tax returns have been received and more than 60.7 have been processed. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss how to get your refund quickly, this year's average refund amount and how to invest it.
We're less than a month out from tax day and if you still haven't filed there are some common mistakes you should try to avoid to make sure you get your refund in a timely fashion. Medora Lee, money and personal finance reporter for USA Today, joined CBS News with tips.
IRS' top lawyer replaced amid DOGE's alleged push to share taxpayer info with other federal agencies.
If deciding what to do with an old 401(k) plan has been on your to-do list, here are the key steps you should take to get it done.
Karla Dennis is an enrolled tax agent with KDA Incorporated, a tax strategy business. She joined CBS News to discuss how to protect yourself from someone stealing your identity and filing a tax return in your name, potentially running off with your refund.
One of the defining promises of President Trump's 2024 campaign: Cutting taxes on tips. Democratic Rep. Steven Horsford of Nevada and his guest for Trump's address to Congress, culinary union member and tipped hospitality worker Yolanda Garcia, join CBS News to discuss.
Democratic leaders are sharing their concerns about the House Republicans' budget resolution. Rep. Suzan DelBene of Washington, chair of the Democratic Congressional Campaign Committee, joins "America Decides" to discuss.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
After a lot of back-and-forth on Tuesday night, House Republicans were able to narrowly adopt a budget resolution that would advance President Trump's agenda. The proposal passed in a 217-215 vote. CBS News congressional correspondent Caitlin Huey-Burns reports.
If House Speaker Mike Johnson wants to pass the Trump-backed budget plan, which includes trillions in tax cuts, he can only afford to lose one Republican vote. However, multiple GOP lawmakers have already said they are a "no" or leaning no. CBS News political correspondent Caitlin Huey-Burns has the latest.
Contributing to your retirement plans, considering health savings accounts and donating to charity may help reduce your taxable income. Bankrate's Kemberley Washington joins CBS News with tips.
While President Trump insists he won't touch Medicaid, his agenda in Congress tells a very different story. The House is set to vote on a spending plan that could cut Medicaid funding by hundreds of billions of dollars to offset Trump's proposed tax cuts. New Mexico Democratic Gov. Michelle Lujan Grisham joins "America Decides" to discuss how the potential cuts could impact healthcare in her state.
The wealthy financier is a staunch supporter of the president's hardline trade polices.
If you're still working from home, you might be looking into some home office deductions as you prepare your taxes. Money and personal finance reporter Medora Lee joined CBS News to discuss those potential deductions and other tax tips.
The New York Times reports the IRS is planning to give a team member of DOGE access to sensitive taxpayer data. The IRS is also facing layoffs of probationary workers in the middle of tax season as DOGE continues to trim down the federal government. CBS News White House reporter Aaron Navarro has more.
While social media is a great place for DIY tips and new recipes, the IRS is cautioning taxpayers against using it for tax advice. Misinformation could end up costing you more than you bargained for. CBS News Philadelphia's Josh Sidorowicz reports.
It's tax filing time and if you're working on your 2024 return then you might be seeing changes with brackets, rates and other parts of the tax code. CBS News business analyst Jill Schlesinger has a look at some of what's different this year.
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.
President Trump has placed the Department of Government Efficiency in charge of cutting the size and spending of the federal government. However, the group's reach is prompting concerns over the access it has received to some of the most confidential information for millions of Americans. CBS News chief Washington correspondent Major Garrett spoke with a former Treasury Department official about the scope of the information DOGE can now access.
Allies and adversaries of the U.S. are widely criticizing President Trump's proposal to "take over" the Gaza Strip. Republican Rep. Chip Roy of Texas joins "America Decides" with his reaction to the plan.
Most Americans have until April 15 to file their 2024 tax returns, pay any taxes owed or request and extension to file. CBS News business analyst Jill Schlesinger breaks down what to know.
The news comes after departure of Treasury's acting Deputy Secretary David Lebryk after more than 30 years of service.
With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.
Two people who survived a U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
Russia launched a huge attack on Ukraine overnight as the country marked Armed Forces Day on Saturday, Ukraine's air force said.
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
Four protesters have been arrested after splattering food on the case of a diamond-encrusted crown at the Tower of London.
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
In July 2019, Minnesota state officials spotted early signs of fraud that would eventually siphon away more than $1 billion in taxpayer money, sources told CBS News.
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
The change to the schedule comes shortly after the Trump administration announced new fees for non-resident visitors.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play," was arrested on the island of Okinawa on Nov. 16.
West Virginia Gov. Patrick Morrisey said the family expects Andrew Wolfe to be in acute care for another two to three weeks.
When Francine the cat went missing from her Richmond, Virginia, store, employees determined she must have wandered onto a freight truck bound for a distribution center 85 miles away in North Carolina.
"It's very discouraging," said one young job-seeker as employers pull back on hiring entry-level workers.
Minimum wages are set to rise in 22 U.S. states and 66 cities and counties next year, even as the federal baseline wage remains at $7.25.
Federal regulators are investigating multiple Texas incidents in which the robotaxis drove around stopped school buses.
President Trump's claims of a historic multitrillion-dollar investment surge don't match federal data or the administration's own numbers.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
The officials in a joint statement said they made progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace.
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
The final report this week from the special inspector general for Afghanistan identified $26 billion in waste, fraud, and abuse in U.S. reconstruction spending in Afghanistan since 2009.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
The CDC's Advisory Committee on Immunization Practices, with members appointed by RFK Jr., voted to change longstanding recommendations on the hepatitis B vaccine.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
Maria Corina Machado has been living in hiding in Venezuela since the 2024 presidential election.
Over a dozen people were wounded and taken to the hospital, the South African Police Services said in a statement.
Four protesters have been arrested after splattering food on the case of a diamond-encrusted crown at the Tower of London.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play," was arrested on the island of Okinawa on Nov. 16.
Russia launched a huge attack on Ukraine overnight as the country marked Armed Forces Day on Saturday, Ukraine's air force said.
Netflix is set to buy Warner Bros. in a deal valued at $72 billion, but the announcement has sparked concern among industry workers.
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Dark Night of My Soul."
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Eternal Love."
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Received."
"Homebound," a film that tells the story of two childhood friends in rural India whose dreams collapse during the COVID-19 pandemic, is already receiving award season buzz. "CBS Saturday Morning" has more from Mumbai.
Waymo has released new data showing its robotaxis were involved in 91% fewer serious crashes when compared to human drivers. CBS News' Elizabeth Cook rode along in a Waymo with Politico economic policy reporter Yasmin Khorram to unpack the report.
European regulators said X breached transparency rules under the Digital Services Act, a sweeping EU law intended to protect internet users.
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.
The assassination of conservative activist Charlie Kirk, President Trump's "big, beautiful bill," and the longest government shutdown in U.S. history ranked among Google's top search trends this year.
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Video shows Coast Guard vehicles pursuing a go-fast vessel that appeared to have multiple people aboard.
The man suspected of placing pipe bombs around Washington, D.C., on Jan. 5, 2021, had his first court appearance on Friday after he was arrested Thursday following a five-year manhunt. A judge ordered the suspect to remain in jail pending future hearings.
Over a dozen people were wounded and taken to the hospital, the South African Police Services said in a statement.
The man accused of planting two pipe bombs in Washington, D.C., on the eve of the Jan. 6, 2021, U.S. Capitol riot is facing two federal charges. CBS News' Anna Schecter has more.
Officials in Louisiana say one of two inmates accused of violent crimes was recaptured after an audacious escape.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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.
Netflix is set to buy Warner Bros. in a deal valued at $72 billion, but the announcement has sparked concern among industry workers.
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Dark Night of My Soul."
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Eternal Love."
AVTT/PTTN is a collaboration between The Avett Brothers and former "Faith No More" frontman Mike Patton. Their self-titled album AVTT/PTTN is a collection of nine songs that came out in November, and here they are performing "Received."
"Homebound," a film that tells the story of two childhood friends in rural India whose dreams collapse during the COVID-19 pandemic, is already receiving award season buzz. "CBS Saturday Morning" has more from Mumbai.