The IRS just changed its tax brackets. That could lower your taxes.
CBSN
The IRS on Tuesday said it is adjusting many of its rules to account for the impact of inflation, ranging from individual income tax brackets for 2023 to the standard deduction. The changes could mean tax savings for some taxpayers next year.
The higher limits are aimed at avoiding "bracket creep" due to inflation, which can push workers who received annual cost-of-living pay increases into higher tax brackets even though their standard of living hasn't changed.
The IRS makes such adjustments annually, but this year's hot inflation means that many of the changes are more significant than in a typical year. Americans are struggling with stubbornly high inflation, which is eating into their purchasing power as average wage gains lag the sharp rise in prices.
The sprawling Black Beauty Ranch, in East Texas, takes its name from the classic 1877 novel. Narrated by a horse, "Black Beauty" encouraged readers see the world from an animal's point of view.
Coal mining has always been dangerous, one of the deadliest professions in the nation. In the 20th century, more than 100,000 workers died in the U.S. mining industry.
Danielle and Adam Silverstein met in high school in 1995 and agree their romance was picture-perfect. Marriage has been a different story. "It's complicated!" Danielle laughed. "I always say, you know, 'Till death do us part is a really long time,' you know? It is a really long time."
President Trump is planning to attend Sunday's Daytona 500 for the second time as president to help further burnish his image as a sports fan.
Probationary workers across multiple federal health agencies in the Department of Health and Human Services received virtually identical letters Saturday evening informing them they would be terminated from their positions, sources told CBS News.
It was Sept. 18, 2003 when Justine Vanderschoot's remains were discovered in a remote location more than two weeks after she disappeared. But it's in the garden outside her bedroom window where her parents Don and Lynnette still come to find her.
This story previously aired on Feb. 10, 2024. It was updated on Feb. 15, 2025. AMIE HARWICK (video): You can seek therapy to address an issue like depression, anxiety, a breakup. You can also seek therapy to be a better you! GARETH PURSEHOUSE (voicemail): I have so much I need to say. Please give me a chance to just say it. … Please (crying) please.
A team of President Trump's advisers are expected to meet with Russian officials next week to begin peace negotiations over the war in Ukraine, two U.S. government officials familiar with the details told CBS News Saturday.
Signaling a major shift in civil rights enforcement, the federal agency that enforces workplace anti-discrimination laws has moved to dismiss six of its own cases on behalf of workers alleging gender identity discrimination, arguing that the cases now conflict with President Donald Trump's recent executive order, court documents say.
A New York man was arrested Friday in the cold case killing of a trans performer 15 years after her apartment was set on fire, the Brooklyn District Attorney announced in a news statement.
President Trump toured a Boeing airplane to check out new hardware and technology features and highlight the aircraft maker's delay in delivering updated versions of the Air Force One presidential aircraft, the White House said Saturday.
Ohio's health department confirmed Saturday that a farmer in the state was discharged from the hospital after being sickened by bird flu, marking the fourth American to have been hospitalized with the H5N1 virus.
In the wooded outskirts of Chapel Hill, North Carolina, a perplexed landlord noticed odd sights at two of his rental properties.