Americans face tax refund "disappointment" and surprise balance-due bills
CBSN
Americans are getting a double-dose of bad news this tax season: Millions of people due for tax refunds this year are typically getting less money back, while the share of taxpayers who owe the IRS is rising.
The biggest issues this year are "refund disappointment and a balance-due surprise," Mark Steber, chief tax information officer at Jackson Hewitt, told CBS MoneyWatch.
The typical refund for the 2022 tax year — with tax returns due by April 18 — is $2,878 through April 7, a decline of 9.3% compared with the same year-ago period, according to the latest tax data available from the IRS.
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Washington — Democratic Rep. Raúl Grijalva of Arizona died Thursday morning after "a long and brave battle" against cancer, according to his office.
Dollar General has a particularly clear view into the pocketbooks of low-income Americans, given those shoppers are the discount retailer's core customer base. And some are so financially pinched they can no longer afford basic necessities, the chain relayed on Thursday.
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Those who glance up at the sky tonight will have an opportunity to catch the March 2025 "Blood Moon," a phenomenon that colors the full moon in shades of red, orange and yellow during a total lunar eclipse.
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The Federal Trade Commission asked a federal judge on Wednesday to delay a trial in a case accusing Amazon of using deceptive practices in its Prime subscription program, citing staffing and budgetary challenges at the government agency.
Oliver Miller, a beefy center who helped Arkansas advance to the Final Four before playing nine seasons in the NBA, has died. He was 54.