The IRS is raising your 401(k) and IRA contribution limits for 2026
The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation.
Watch CBS News
The IRS is increasing the contribution limits for retirement accounts in 2026, boosting the top threshold to account for inflation.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Some Americans may be following false claims on social media and missing out on legitimate deductions.
Sources tell CBS News the Internal Revenue Service is close to finalizing a deal with immigration enforcement. CBS News New York's Jessica Moore reports.
Tax season can bring added exposure to scams and fraud. A mother and daughter in Little Neck, Queens say it happened to them.
CBS News New York's Elle McLogan spoke to experts about precautions people can take during tax season.
Most eligible taxpayers have already received their 2021 Recovery Rebate Credit payment, but there's still time to file a claim.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
We speak with IRS Commissioner Danny Werfel about his first tax season leading the agency.
The IRS opened for filing on January 29. Here's what to expect with your tax refund, from how much you'll get to when you'll get it.
The IRS said it will waive penalties for almost 5 million taxpayers on their 2020 and 2021 tax returns.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
The IRS is rolling out new income thresholds for its seven tax brackets, boosting the limits to reflect inflation this year.
The IRS is set to announce new tax bracket thresholds for the 2024 tax year. One expert says to expect a 5.4% increase from last year.
The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.
It's easy to get more time to file before the April 18 deadline, but you'll still have to pay the IRS if you owe money.
Americans shell out billions of dollars to prepare and file their tax returns. Here's how to do it without spending a dime.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
If you're trying to figure out when your refund is landing, some steps are a giant waste of time, the IRS says.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
In case you missed it, we previewed Super Bowl ads before Sunday's big game and a first-time lottery player discovered her lucrative luck.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
Socceria in Greenpoint brings together World Cup fans to enjoy Mexican food from acclaimed restaurant owners, chefs and investors.
Excitement and anticipation are building as the Knicks go for a 2-0 series lead over the Spurs Friday night.
Aaron Judge will be out of action for several weeks due to a rib injury, the Yankees announced on Thursday night.
Newark Mayor Ras Baraka said Thursday he is scaling back police at Delaney Hall. The announcement followed the arrests of two protesters on Wednesday night.
Ryan McMahon hit a go-ahead single in the seventh inning,, and the Yankees beat the Guardians 2-1 Thursday to salvage the finale of a three-game series.
Socceria in Greenpoint brings together World Cup fans to enjoy Mexican food from acclaimed restaurant owners, chefs and investors.
Excitement and anticipation are building as the Knicks go for a 2-0 series lead over the Spurs Friday night.
Aaron Judge will be out of action for several weeks due to a rib injury, the Yankees announced on Thursday night.
Madonna performed a surprise concert in Times Square weeks before the release of her "Confessions II" album.
Soccer fans converge on Rockefeller Center to trade Panini stickers as they continue their quest to fill their albums.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
It's back to feeling like spring, and even summer on some days, as warm weather and sunshine return to the New York area.
A final round of showers is moving through the New York area in the morning before the rest of the week turns much drier and warmer.
The New York area is off to a soggy start to the unofficial kickoff of summer with rainy weather this Memorial Day Weekend.
It's a gloomy day with rain lingering across the Tri-State Area as Memorial Day weekend shapes up to be unsettled.
Newark Mayor Ras Baraka said Thursday he is scaling back police at Delaney Hall. The announcement followed the arrests of two protesters on Wednesday night.
The National Transportation Safety Board released its preliminary report on a United Airlines plane that struck a light pole on the New Jersey Turnpike in May.
Surveillance video shows a gang of Pokémon card thieves smashing the display cases at Big Pack Hobby Shop in Rochelle Park.
Protesters and Newark police clashed Wednesday night outside Delaney Hall, just one day after a 9 p.m. curfew was lifted outside the ICE detention center in Newark.
For weeks, there have been protests inside and outside Delaney Hall immigration detention center in Newark. One woman whose husband is inside is scheduled to give birth Thursday. She just wants him to come home.
A Long Island jury found Steven Schwally guilty of 2nd degree murder for ramming his car into a Deer Park nail salon while drunk.
John Gotti's grandson Carmine Gotti Agnello was arrested Wednesday for allegedly assaulting a woman, Nassau County Police said.
If you ride an e-bike or e-scooter in the Long Island city of Long Beach, don't take it on the boardwalk or you could face a hefty fine.
With Game 1 of the NBA Finals set for Wednesday night in San Antonio, New York City has three official Knicks watch parties -- inside and outside Madison Square Garden and in Central Park.
A prediction market reported former U.S. Rep. George Santos to federal prosecutors after he boasted he'd be going to President Trump's State of the Union address, then bet against his own attendance, the Associated Press reported.
Newark Mayor Ras Baraka said Thursday he is scaling back police at Delaney Hall. The announcement followed the arrests of two protesters on Wednesday night.
President Trump, a native New Yorker and self-described Knicks fan, said he was invited to attend a Knicks playoff game by the team's owner James Dolan, who has donated to his political campaigns.
Gov. Kathy Hochul, Mayor Zohran Mamdani and MTA CEO Janno Lieber unveiled a massive transportation security plan Thursday to make sure World Cup matches are the best they can be.
New York Gov. Kathy Hochul tapped into World Cup mania on Wednesday, announcing a multimillion-dollar program to build soccer pitches all over the state.
For weeks, there have been protests inside and outside Delaney Hall immigration detention center in Newark. One woman whose husband is inside is scheduled to give birth Thursday. She just wants him to come home.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
New York City's Department of Health is evaluating an East Village apartment complex after two residents were diagnosed with Legionnaires' disease over the course of a year.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
Madonna performed a surprise concert in Times Square weeks before the release of her "Confessions II" album.
Knicks superfan Spike Lee stopped by CBS Mornings to give his thoughts as the Knicks get set to play in the NBA Finals, and he offered his prediction, too.
Peabo Bryson, a two-time Grammy-winning singer and songwriter known for Disney movie hits "Beauty and the Beast" and "A Whole New World," has died at age 75.
Not many people know Hollywood icon Marilyn Monroe's splash to stardom began at a Long Island beach.
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
Socceria in Greenpoint brings together World Cup fans to enjoy Mexican food from acclaimed restaurant owners, chefs and investors.
Excitement and anticipation are building as the Knicks go for a 2-0 series lead over the Spurs Friday night.
Aaron Judge will be out of action for several weeks due to a rib injury, the Yankees announced on Thursday night.
Ryan McMahon hit a go-ahead single in the seventh inning,, and the Yankees beat the Guardians 2-1 Thursday to salvage the finale of a three-game series.
Soccer fans converge on Rockefeller Center to trade Panini stickers as they continue their quest to fill their albums.
Garbage piling up near freight train tracks is frustrating many Maspeth residents.
Residents and elected officials are urging the MTA to reopen the Long Island Rail Road's former Elmhurst station, arguing that the neighborhood has outgrown its current transit options.
Before there was a Brooklyn, there was a flagpole, and since the earliest days of our country, it stood as a symbol of freedom and self-determination.
Monitor Point proposal in Greenpoint would bring 1,150 apartments, including 460 affordable units, to former industrial waterfront site.
Gold Star families, veterans and thousands of spectators gathered in Bay Ridge to remember those who made the ultimate sacrifice.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
City leaders are urging visitors and residents to plan ahead as there will be many transportation changes during the tournament. CBS News New York's Elijah Westbrook reports.
FIFA said there was an error during the payment process for dozens of fans, but ticketholders will now have to pay the correct amount.
A Dutch Colonial farmhouse that's nearly 250 years old is now a museum in New York City.
Socceria is a cantina in Greenpoint, Brooklyn where fans come together to enjoy food and the passion of the World Cup. CBS News New York's Luis Miguel Echegaray reports.
Police said 19-year-old Matthew Rodriguez is facing serious charges in connection to a shooting that injured a 15-year-old boy in Queens.