IRS tells millions of Americans in 22 states to hold off on filing their taxes
CBSN
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 tax rebates and special refunds are considered taxable income. "We expect to provide additional clarity for as many states and taxpayers as possible next week," the IRS said on February 3. As of February 10, the IRS hadn't yet provided clarification.
About 16 million California residents received "middle-class tax refund" checks of $350 per eligible taxpayer last year, part of a relief package designed by the state to help residents cope with soaring inflation at a time when the state had a budget surplus.
President Joe Biden and first lady Jill Biden were honored at a state dinner in Paris at the Presidential Elysee Palace on Saturday, hosted by French President Emmanuel Macron and first lady Brigitte Macron marking the 80th anniversary of D-Day two days prior and the strength of the countries' long alliance.
President Joe Biden said France was America's "first friend" at its founding and is one of its closest allies more than two centuries later as he was honored with a state visit Saturday by French President Emmanuel Macron aimed at showing off their partnership on global security issues and easing past trade tensions.
The Consumer Federal Protection Bureau last week launched an inquiry into what the agency is calling "junk fees in mortgage closing costs." These additional fees, involving home appraisal, title insurance and other services, have spiked in recent years and can add thousands of dollars to the final cost of buying a home.
Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic "Earthrise" photo showing the planet as a shadowed blue marble from space in 1968, was killed Friday when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.