The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S. Treasury Department’s watchdog. Elon Musk’s Department of Government Efficiency, or DOGE, has sought to trim the federal workforce through a combination of layoffs and so-called…
Data shows the IRS’ Direct File free tax-filing tool has helped save taxpayers money. Now lawmakers want to know why the Trump administration may soon pull the plug on the program. The Trump administration is planning on ending Direct File, the Associated Press reported earlier this month, citing people familiar with the plan. The program,…
The battle between President Trump and Harvard University has moved to a new front, with the IRS now considering whether to revoke the Ivy League school’s tax-exempt status. A final decision has not yet been made by the IRS, CBS News’ Aaron Navarro reports. But the effort comes after Mr. Trump on Tuesday suggested that Harvard…
If you’re still scrambling to get your taxes filed before the April 15 deadline, an extension can take the pressure off. Normally, the IRS recommends that people file their income tax return as early as possible. But that’s not always feasible, whether because of personal circumstances or a complicated tax situation. For those in a bind,…
The IRS in December sent a total of $2.4 billion in “special payments” to roughly 1 million Americans, part of an effort to ensure that people who didn’t receive all of their federal stimulus checks during the pandemic would finally get the money. Most eligible taxpayers have already received their Recovery Rebate Credit, as the payment is…
The IRS auction of the embattled rapper Tekashi 6ix9ine’s personal belongings started Wednesday afternoon at 1 p.m. ET, with bids anticipated from celebrities and collectors. The auction, hosted by Market Auctions in Lake Worth Beach, Florida, features a range of items—some featured in Tekashi’s iconic music videos. Why It Matters The sale of Tekashi 6ix9ine’s…
Tips on filing your taxes and what to expect this tax season Tips on filing your taxes and what to expect this tax season 01:58 With tax season well underway, early data on the average tax refund shows that Americans are receiving about one-third less than they did a year earlier. The average refund check…
Tips on filing your taxes and what to expect this tax season Tips on filing your taxes and what to expect this tax season 01:58 With tax season well underway, early data on the average tax refund shows that Americans are receiving about one-third less than they did a year earlier. The average refund check…
Over 3,500 Internal Revenue Service employees are expected to be terminated by the end of this week, according to the text of an email obtained by CBS News and shared by an IRS employee. The email was sent to managers of the IRS Small Business/Self-Employed Division Wednesday, and it says that the affected SBSE employees…
The presence of Elon Musk’s cost-cutting task force, the Department of Government Efficiency, at the IRS is sparking fresh concerns from Democratic lawmakers about the safety of taxpayer information, and whether the group’s work could cause delays in taxpayers receiving their refunds. In a Feb. 17 letter to the IRS, Senators Ron Wyden and Elizabeth…