Tax Day is here, but the expanded Child Tax Credit hasn't materialized
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
After passing easily in the House, a bill that would have expanded the CTC is stalled in the Senate. Here's what to know.
The Child Tax Credit is one step closer to getting a major expansion, potentially putting more money in parents' pockets.
The U.S. GDP grew at a faster rate than expected in the fourth quarter of 2023, increasing at a 3.3% annualized rate. CBS News business analyst Jill Schlesinger has more on the numbers, as well as possible changes to the child tax credit.
In today's MoneyWatch, a potential game-changer for parents: Congress is considering a significant expansion of the child tax credit, which could mean increased savings or larger tax refunds for families. CBS News business analyst Jill Schlesinger has more.
The 2021 child tax credit expansion positively impacted poverty rates in the United States during the pandemic. CBS News' Lana Zak is looking at the new benefits behind a proposed plan expansion, which would incrementally increase funds for qualified parents.
One analysis said bipartisan deal in Congress would boost the tax credit for 16 million children, lifting some out of poverty.
Tax season comes to a close Tuesday. Thomas Godwin, an assistant professor of accounting at Purdue University, joins Elaine Quijano and Michael George to look ahead to next year's tax season and offer advice on how Americans can begin planning for it.
The deadline to submit your taxes is Tuesday. Mark Steber, a senior vice president and chief tax information officer at Jackson Hewitt Tax Service, joined "CBS News Mornings" with tips for last-minute filers and advice for making the process go as smoothly as possible.
Pratik Patel, the head of Family Wealth Strategies for BMO Family Office, joins CBS News' Lilia Luciano and Lana Zak to discuss the Child Tax Credit. He explains who qualifies, who doesn't, and how it could impact your tax refund.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
"A lot of people will get their refunds and they won't get as much as anticipated," one expert said as tax season kicks off.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
IRS officials say 9 million Americans are still eligible for stimulus aid, but clock is ticking to claim funds.
Some Americans, especially those who don't pay taxes, may still be due some pandemic money, a government report says.
A new report from the Fed shows that 76% of Americans surveyed at the end of 2021 did not think that the U.S. economy was doing good; however, 78% said they were individually doing at least okay financially.
April 18 is the deadline for most Americans to file their tax returns. Rebecca Walser, president of Walser Wealth Management, shares tips for navigating filing this year, including advice for those who received a child tax credit or dabbled in the stock market.
The IRS already faces a huge backlog of unprocessed returns, creating challenges as the new tax season begins.
Nearly 4 million more U.S. children are living in poverty since the monthly checks ended in December, research shows.
The House passed a short-term funding extension to avoid a government shutdown which now heads to the Senate. CBS News congressional correspondent Scott MacFarlane joined CBS News' Tanya Rivero and Nancy Chen with the latest on getting the extension to President Biden's desk and other legislative priorities.
Although the enhanced payments ended in December, families who didn't get their money last year can still claim it.
In this MoneyWatch report, millions of Americans are set to bet on Super Bowl LVI. The Justice Department has seized billions of dollars in stolen Bitcoin. And Americans should know about some big money-saving tax credits. CBS MoneyWatch reporter Irina Ivanova joins "CBS News Mornings" with a breakdown.
The Biden administration is encouraging parents to file their taxes in order to receive the second half of the Child Tax Credit, which was part of the American Rescue Plan earlier in the pandemic. CBS News' Skyler Henry reports, and then CBS News reporter Sarah Ewall-Wice joins "Red and Blue" anchor Weijia Jiang with more details.
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.
The issue could create tax refund delays for parents if they rely on faulty information to complete their tax returns.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" on the first day of tax season to discuss what Americans need to know when filing their taxes this year. She addresses specifics about the Child Tax Credit, stimulus payments, unemployment benefits and free resources for tax prep.
Robert Costello, a witness called by former President Donald Trump's defense team, was severely admonished by the judge over his behavior on the stand.
Iran's president and foreign minister were killed when their helicopter crashed in mountains in dense fog, state media say.
Pope Francis has often spoken up about the alarming impact of climate change and urges countries that can "make the most difference" to help create awareness and take action.
The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe.
The Supreme Court on Monday declined to take up a challenge to Maryland's ban on so-called assault weapons, allowing legal proceedings to play out.
New York prosecutors allege that bankrupt crypto lender Genesis hid more than $1 billion in losses.
A Democratic-led effort to safeguard access to IVF failed earlier this year in the Senate.
Chicago health officials said medetomidine has not previously been detected in Chicago.
The Delta County clerk who administered the election said there were no voting irregularities in the election, in which 4,550 voted.
Pope Francis has often spoken up about the alarming impact of climate change and urges countries that can "make the most difference" to help create awareness and take action.
Robert Costello, a witness called by former President Donald Trump's defense team, was severely admonished by the judge over his behavior on the stand.
Jan. 6 defendant John Banuelos told the judge he had "nothing to worry about," since Trump would soon "be in office."
McDonald's is transitioning away from self-serve beverage stations and some locations may start to charge for refills that were once free.
The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe.
McDonald's is transitioning away from self-serve beverage stations and some locations may start to charge for refills that were once free.
Trump Media posted a loss of $327.6 million in the first quarter because of a financial transaction.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
Panera faces another lawsuit over a highly caffeinated beverage that the restaurant chain said it would phase out.
ChatGPT disables AI voice after users say it sounds similar to Hollywood star Scarlett Johansson.
Robert Costello, a witness called by former President Donald Trump's defense team, was severely admonished by the judge over his behavior on the stand.
Jan. 6 defendant John Banuelos told the judge he had "nothing to worry about," since Trump would soon "be in office."
The Environmental Protection Agency warns that cyberattacks against water utilities around the U.S. are becoming more frequent and more severe.
The Delta County clerk who administered the election said there were no voting irregularities in the election, in which 4,550 voted.
A Democratic-led effort to safeguard access to IVF failed earlier this year in the Senate.
Panera faces another lawsuit over a highly caffeinated beverage that the restaurant chain said it would phase out.
Chicago health officials said medetomidine has not previously been detected in Chicago.
A Democratic-led effort to safeguard access to IVF failed earlier this year in the Senate.
Hims & Hers is pitching consumers on a GLP-1 weight loss injection that will cost 85% less than brand-name drugs like Wegovy.
Some bags of Pedigree dry dog food could pose a health hazard to pets, Mars Petcare warned in a recall posted by the FDA.
Pope Francis has often spoken up about the alarming impact of climate change and urges countries that can "make the most difference" to help create awareness and take action.
If you live in France or are traveling there for vacation, you can now send your friends overseas an authentic French fragrance in the mail.
Despite suffering broken bones and lacerations during the attack, the man was able to defend himself with his gun and the bear ran off.
Pope Francis tells Norah O'Donnell about the role of communication media and its lasting impact on young people in a historic interview airing on CBS.
A door to a French Revolution-era watchtower in England is engraved with more than 50 drawings, including gruesome depictions of people being hanged.
"CBS Mornings" celebrates Tony Dokoupil as he marks five years as an anchor on the show.
"CBS Mornings"celebrates the 5-year anniversary of Vlad Duthiers hosting "What to Watch" by taking a look back at some favorite moments.
Sean "Diddy" Combs is apologizing after a disturbing video surfaced over the weekend. The video appears to show the hip-hop mogul assaulting his then-girlfriend in a hotel hallway in 2016. Warning: This video contains content that is graphic and disturbing.
Hip-hop mogul Sean "Diddy" Combs posted a video on social media apologizing for his "inexcusable" behavior and that he takes "full responsibility" for his actions.
Monopoly is the top-selling modern board game of all time, available today in 114 countries and 47 languages, and a myriad of variations. Hasbro's senior VP of board games Brian Baker explains to correspondent Susan Spencer the most important design element to a game's success.
ChatGPT disables AI voice after users say it sounds similar to Hollywood star Scarlett Johansson.
Pope Francis tells Norah O'Donnell about the role of communication media and its lasting impact on young people in a historic interview airing on CBS.
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 Hennessey Venom F5 is not just a sports car; its twin turbo V8 engine can muster more than 1,800 horsepower, almost twice that of a Formula 1 racing car. And yes, you can drive it on the street, for the cool price of $3 million. Correspondent Lee Cowan goes inside the design of a machine that shuns the mundane.
Eight TikTok influencers have filed a lawsuit against the U.S. government in an effort to block enactment of a law passed and signed last month that requires TikTok be sold by China-based owner Byte Dance by January, or face a possible nationwide ban. Scott MacFarlane has more.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Chicago health officials said medetomidine has not previously been detected in Chicago.
"Sandra was kidnapped from her home while her children slept nearby, bound in packing tape, driven to a remote location and buried alive," prosecutors said.
Camrah Trotter, was killed as she called 911 after her boyfriend, 23-year-old Dominique Ray, was fatally shot.
Photos shared by local media showed a red truck dotted by bullet holes, and bloodied bodies lying in the trunk and on the ground.
More people were killed by U.S. law enforcement in 2023 than any other year in the past decade — and it's increasingly happening in small towns and rural areas.
Ed Dwight, America's first Black astronaut candidate, finally reached space on a Blue Origin flight at 90 years old. The 10-minute flight ended Dwight's 60-year journey for a chance to travel beyond Earth. Derrick Pitts, the chief astronomer at The Franklin Institute, joins CBS News with more on Dwight's legacy.
Blue Origin's New Shepard rocket lifted off Sunday, carrying the oldest man ever to go into space. Ed Dwight, 90, trained to become NASA's first Black astronaut candidate 60 years ago, but he didn't get to fly then.
Ed Dwight trained to become the first African American astronaut but was never asked to join NASA. He finally flew into space on Sunday.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
A mystery along the California coast: one of America's most beloved seabirds — the pelican — is struggling to survive and nobody seems to know why. In Monday's "Climate Watch," Carter Evans takes a look at the problem and the people trying to help.
The legendary Simone Biles is back in action as she competes to make it to her third Olympics. The most decorated gymnast in history wowed the crowd at the U.S. Classic this weekend with a new floor routine that featured Taylor Swift's hit song "Ready for It?"
A new line of powerful storms is heading for the heartland, with an even greater threat of severe weather forecast for Tuesday. The forecast comes after multiple reports of damaging winds and twisters across the Plains on Sunday. The Weather Channel meteorologist Mike Bettes has the latest.
Election day is 24 weeks away, and the 2024 race for president is heating up as both candidates fire up their bases. Weijia Jiang has highlights from a weekend on the campaign trail along with the findings of a new CBS News poll in the key states of Arizona and Florida.
Red Lobster, America's largest seafood restaurant chain, is in a serious financial pinch and filing for bankruptcy protection. Nikki Battiste reports on why the once popular chain has struggled to reel in customers.