Internal Revenue Service

As Americans turn the page on another tax season, the Internal Revenue Service may finally be turning the corner after a mountainous backlog of tax returns, delayed refunds and poor customer service gave people even more reason to…

Alexandria, Virginia — Monica Colburn helps run a Virginia hair salon. But like a growing number of Americans, she uses her flexible schedule to earn extra money. "I have all of these extra side jobs," Colburn told CBS News. She…

More than half of older taxpayers (57%) are worried they'll have to pay more taxes this year because of the 5.9% Social Security cost-of-living adjustment in 2022, according to a January survey by The Senior Citizens League, a…

The IRS is asking millions of taxpayers in 22 states including California, Colorado and Florida who received tax rebates last year to hold off on filing their taxes. The reason: The agency said it is seeking to clarify whether those…

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Every year, Americans spend upwards of $11 billion on tax-preparation services. For most taxpayers, that's money down the drain. With tax season officially starting today, it's worth taking a look at the many options for completing…

By now, you're probably familiar with the more obvious ways inflation affects your finances. Your money doesn't go as far at the grocery store, for example. Credit card and other variable-rate debt is getting more expensive as the…

The Biden administration has trumpeted its plans to crack down on rich tax evaders, funneling $46 billion to the IRS so it can ferret out money hidden by the ultra-wealthy. For now, though, the chances of a high income earner being…

Former US President Donald Trump may have received a “gift” of up to $35,000 from his son Eric with further payments of thousands or even tens of thousands of dollars from his other son Donald Jnr and daughter Ivanka. If that’s the case,…

Former U.S. President Donald Trump speaks at a rally for Sen. Marco Rubio (R-FL) at the Miami-Dade Country Fair and Exposition on November 6, 2022 in Miami, Florida.Joe Raedle | Getty ImagesThe amount of income, deductions and taxes paid by…