Americans are worried about smaller refunds — for good reason

The average refund so far in 2022 is about $2,300, down from last year's typical refund of $2,800.

• Feb 25, 2022

Millions of low-income Americans to get tax refund boost

Childless workers this year can claim an Earned Income Tax Credit worth up to $1,500 — triple the usual amount.

• Feb 23, 2022

Dabbling in crypto? You must tell IRS about these transactions

Millions of buyers and sellers of cryptocurrency will need to declare their digital currency transactions to the IRS.

• Feb 18, 2022

The $8,000 child tax credit that parents may not know about

The American Rescue Plan gave a one-year boost to a tax credit aimed at helping parents who pay for child care.

• Feb 11, 2022

How to claim child credit money on your taxes this year

Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.

• Feb 9, 2022

File a tax return to get the rest of the Child Tax Credit, officials say

Families who received monthly payments in the second half of last year can still get up to $1,800 for children younger than 6 and $1,500 for children ages 6 to 17 as part of their refund.

• Feb 9, 2022

Tight hiring market could affect tax season as IRS looks for help

The agency's Taxpayer Advocate said to avoid delays, people should triple-check for errors, file electronically and use direct deposit for refunds.

• Feb 8, 2022

Call or write, it's almost impossible to get through to the IRS

Taxpayers and accountants say they are frustrated by difficulties in reaching the IRS. That's not likely to change.

• Jan 31, 2022

Backlog, understaffing at IRS portend delays this tax season

The agency is warning of "major challenges" for taxpayers due to a significant backlog of returns from last year and major staff shortages.

• Jan 31, 2022

IRS warns some CTC letters may have incorrect information

The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.

• Jan 25, 2022

Watchdog warns the IRS is in crisis

The agency's top watchdog called last year's tax filing season the most challenging ever experienced and warned this year could be worse.

• Jan 13, 2022

IRS is already facing a backlog ahead of tax filing season

Filing season opens January 24 and Treasury officials are urging taxpayers to get their tax returns in as early as possible.

• Jan 10, 2022

IRS issues warning on tax fraud schemes

As Americans begin filing their tax returns, the IRS is warning about scammers looking to steal taxpayers' refunds.

• Feb 14, 2018
• 01:25

IRS is holding millions of tax returns, delaying refunds

People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.

• May 6, 2021

Eye on Money

GameChanger Stocks founder Hilary Kramer has the best financial tips for taxpayers who received a refund.

• May 22, 2017
• 04:52

U.S. tax code

With the tax deadline looming, the latest CBS News poll finds that a majority of Americans see the U.S. tax system as unfair. Fifty-six percent of those polled said the tax code is either somewhat unfair or quite unfair.

• Apr 17, 2017
• 00:57

Extension on taxes

Scared you won't make this year's April 18 deadline to file your tax returns? Don't despair. Jill Schlesinger explains what your options are, including how to arrange an extension.

• Apr 13, 2017
• 00:48

Targeted tax breaks

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, joins CBS News Chief White House Correspondent Major Garrett and Political Director Steve Chaggaris for "The Takeout".

• Apr 7, 2017
• 01:01

IRS debt collection

Over the years, the IRS has made many public service announcements warning taxpayers that they do not call to collect money. Now, that has changed, with the IRS allowing debt collectors to call people who owe back taxes. Jericka Duncan reports.

• Apr 5, 2017
• 01:58

How tax credits can save money

During tax season, people often leave money on the table by forgetting to claim one or more of the many credits they may qualify for. Jill Schlesinger offers tips on to use these tax breaks to save money this year.

• Apr 4, 2017
• 01:10

Ryan on tax reform

In an interview with "CBS This Morning" co-host Norah O'Donnell, House Speaker Paul Ryan discusses why he thinks "Obamacare taxes hurt the economy," and his constant conversations with the Trump administration about the proposed border adjustment tax.

• Mar 30, 2017
• 02:20

Trump's tax reform plan

After failing to move forward with their Obamacare replacement plan, Republicans look to move on tax reform and infrastructure as the possibility of a government shutdown looms. Ed O'Keefe, Washington Post reporter, joined CBSN to talk through the president's agenda.

• Mar 28, 2017
• 07:43

5 tax tips

Before you start your tax return this year, learn how to avoid some common mistakes.

• Mar 15, 2017
• 01:41

Year-end tax tips: Do 2017 early

Until the clock strikes midnight on Jan. 1, there's still time to reduces your 2016 tax bill. An easy way to do that is to pay some 2017 expenses early, like making a January mortgage payment in December, or paying now for educational expenses you expect to have next year. And there's always the option of moving up some charitable giving to before Dec. 31.

• Dec 27, 2016
• 01:49

Phone scam targets students

More college students and their parents are finding themselves the victims of an ongoing phone scam where thieves impersonate IRS officials. They demand payment for federal student taxes that do not exist. Over the last three years, taxpayers have lost more than $49 million dollars in IRS impersonation scams. Michelle Miller speaks to a victim of the latest hoax.

• Oct 20, 2016
• 04:07

Show More