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.