IRS will start accepting tax returns on January 24. Here's how to avoid a refund delay.
CBSN
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But this tax season could see a repeat of last year's snarls in processing, when about 30 million taxpayers had their returns — and refunds — held up by the IRS.
Treasury Department officials warned on Monday that this year's tax season will be a challenge once the IRS starts processing returns on January 24. That's largely due to the IRS' sizable backlog of returns from 2021. As of December 23, the agency had 6 million unprocessed individual returns — a significant reduction from a backlog of 30 million in May, but far higher than the 1 million unprocessed returns that is more typical around the start of tax season.
"The first thing you know if you are going to cook a meal, you have to have the kitchen cleaned up from the last meal," said Mark W. Everson, vice chairman at Alliantgroup and former Commissioner of Internal Revenue at the IRS. "It just snowballs into a terrible situation."
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Federal regulators repeatedly granted appeals to remove Camp Mystic's buildings from their 100-year flood map, loosening oversight as the camp operated and expanded in a dangerous flood plain in the years before rushing waters swept away children and counselors, a review by The Associated Press found.
President Trump on Saturday announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 1.
A resident of northern Arizona has died from pneumonic plague, health officials said Friday.
Israeli airstrikes killed at least 28 Palestinians in the Gaza Strip, hospital officials said Saturday. Meanwhile, there were reports Saturday that a U.S. citizen was killed in the West Bank.
President Trump is considering authorizing fresh funding for Ukraine for the first time since he took office in January, multiple diplomatic sources told CBS News.
Federal immigration authorities said Friday they arrested about 200 immigrants suspected of being in the country illegally in raids a day earlier on two California cannabis farm sites. Protesters engaged in a tense standoff with authorities during an operation at one of the farms.
Brazilian President Luiz Inácio Lula da Silva said Thursday that he would impose retaliatory tariffs on the United States if President Donald Trump follows through on a pledge to boost import taxes by 50% over the South American country's criminal trial against his predecessor, Jair Bolsonaro.
The rise of generative AI is making it harder for recent college graduates to get a foothold on the corporate ladder as they start their careers.
A divided federal appeals court on Friday threw out an agreement that would have allowed accused Sept. 11 mastermind Khalid Sheikh Mohammed to plead guilty in a deal sparing him the risk of execution for al Qaeda's 2001 attacks.
Cases of COVID-19 are now likely growing in 25 states, according to estimates published by the Centers for Disease Control and Prevention on Friday, as this year's summer wave of the virus appears to be getting underway.
Washington — Emil Bove, a top Justice Department official who previously served as President Trump's criminal defense attorney, declined to rule out the possibility of the president running for a third term and did not denounce the Jan. 6 attack on the Capitol in a questionnaire submitted to a Senate panel considering his nomination for a lifetime appointment as a federal judge.
Across a wide swath of Texas, the inundated rivers that ravaged communities also tore through farms and ranches.
The Emmy Award-winning "CBS News Sunday Morning" is broadcast on CBS Sundays beginning at 9:00 a.m. ET. "Sunday Morning" also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.)