Do you use PayPal or Venmo? The IRS is giving you a break.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
Watch CBS News
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
The IRS is testing the free direct-file system for the 2024 tax season, with some people in 13 states invited to try it out.
Americans owe the IRS $688 billion in unpaid taxes, underscoring need for more audits, said IRS Commissioner.
The tax agency vowed not to increase audit rates for people earning less than $400,000 annually.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Each year, millions of taxpayers don't file their taxes — putting them at risk of fines and other penalties from IRS.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.
Nation's tax collector says it has improved telephone service from last year, when just 1 in 10 calls were answered.
The documents contain details that were not previously public, such as loans he gave to his children, income from book royalties and Melania's modeling, and how much of his presidential salary was given to charity.
Tax agency cautions Americans not to expect to receive refunds by specific date to pay bills or make big purchases.
A survey conducted last month found 21 percent of respondents who waited to file were "too confused" about their situation.
Tax experts say it's important to follow these tips when submitting your taxes.
Starting this summer, taxpayers wanting to access their online accounts on IRS.gov will be required to take a selfie and verify their identity with ID.me.
Treasury Department officials are warning that this year's tax season will be a challenge once the IRS starts processing returns on January 24.
Tax filing season for 2021 tax returns will begin on Monday, January 24, 2022, but Treasury officials have issued a warning for taxpayers and tax preparers.
The IRS said the income thresholds for tax brackets will be higher in 2022, reflecting the faster pace of inflation.
The first round of advance Child Tax Credit payments went out to parents on July 15, but some payments have been delayed or were inaccurate.
Here's what you need to know about the child tax credit from the federal government that began this week.
Millions of middle and low income families across the country will start receiving monthly payments beginning in mid-July as part of the new, fully refundable child tax credit.
Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. But this year is complicated.
More assistance for Texans, this time from the Internal Revenue Service, after a deadly winter storm left millions in the state without power and water.
Arnulfo Reyes' testimony came on the fifth day of the trial for Adrian Gonzales, a former Uvalde schools police officer.
Children with special needs are eligible for up to $30,000.
A North Texas nursing student says she lost her job and received online threats after posting a video revealing ICE agents were staying at a Dallas hotel where she worked.
Republican Rep. Randy Fine of Florida introduced a bill to annex Greenland and make it the 51st U.S. state.
Throughout the day, highs rise into the mid-60s with the help of southwest winds.
Arnulfo Reyes' testimony came on the fifth day of the trial for Adrian Gonzales, a former Uvalde schools police officer.
Children with special needs are eligible for up to $30,000.
A North Texas nursing student says she lost her job and received online threats after posting a video revealing ICE agents were staying at a Dallas hotel where she worked.
Republican Rep. Randy Fine of Florida introduced a bill to annex Greenland and make it the 51st U.S. state.
Throughout the day, highs rise into the mid-60s with the help of southwest winds.
From laptops to vapes, lithium‑ion devices are driving emergency landings and evacuations as airlines push for stronger rules and better containment tools.
Texas veterans could be at risk of losing the help they need to stay home.
A North Texas couple tracked their stolen airport luggage across Dallas using an AirTag — only to learn police couldn't act on the data alone.
Nearly every day, hundreds of thousands of Texas students board a school bus.
Outdoor sirens are meant to warn Texans of tornadoes and floods. This summer's deadly flooding in Kerr County exposed how vulnerable many communities are, with sirens broken, outdated or missing.
Republican Rep. Randy Fine of Florida introduced a bill to annex Greenland and make it the 51st U.S. state.
Nearly one year after the mass pardon of more than 1,500 Trump-supporting Capitol riot defendants, House Democrats are asking whether any of the pardoned rioters are now working for ICE.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Defense Secretary Pete Hegseth highlighted the role of the F-35 fighter jet and its workforce during a visit to Lockheed Martin's Fort Worth plant.
The Supreme Court hears arguments today on whether laws in Idaho and West Virginia banning transgender athletes from competing on girls' and women's sports teams violate the Constitution and Title IX.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
As millions of Americans struggle with paying for health care, doctors and health experts discuss how medical care is being eroded by insurers denying necessary tests and treatment, making it "more difficult to be healthy in the United States."
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
'Tis the season: for sniffles, but before you blame the holiday gathering at grandma's for your coughing, sneezy misery, look around.
In Plano, Dragonfly Scans is a healthcare company that wants to show you what's happening inside your body.
Salad and Go, a drive-thru salad chain, said on Wednesday that it will close all remaining Texas and Oklahoma stores.
Venezuela is said to have the largest amount of these reserves in the world.
Trump said the "whole infrastructure" of Venezuela has to be rebuilt and that American companies would be used to rebuild it.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
After years in the making, Texas Instruments' semiconductor factory in Sherman has officially begun production.
Cooper Flagg scored 27 points and matched a season high with three blocks, and Naji Marshall had three straight baskets down the stretch and finished with 22 points as the depleted Dallas Mavericks beat the Brooklyn Nets 113-105.
The Bulls put seven players in double figures, outscored the Mavericks 38-8 in fast-break points and never trailed.
The community gathered Saturday at a parade to celebrate the remarkable season for the South Oak Cliff Golden Bears, who won the Texas UIL 5A Division II state football championship.
Anthony Davis has ligament damage in his left hand, and the Dallas Mavericks' oft-injured big man could be facing an extended absence.
Jason Witten is packing up and heading north after being hired by Oklahoma University as the Sooner's new tight ends coach.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
The comic sold for 10 cents when it came out in 1938, and introduced the world to Superman.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
