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.
A roof collapsed Monday morning amid heavy flooding in Ocean Township, N.J.
A little girl was on vacation in Southampton when she was swept away by a creek and drowned in a Long Island bay, according to police.
A whale that surfaced for air slammed into a New Jersey fire department's boat, capsizing it as it headed back from helping with Fourth of July security near New York City.
Europe's soccer governing body and prominent commentators have criticized the decision, which allows Folarin Balogun to play against Belgium.
The FourLeaf Air Show at Jones Beach was canceled Monday as organizers cited weather concerns.
A little girl was on vacation in Southampton when she was swept away by a creek and drowned in a Long Island bay, according to police.
The FourLeaf Air Show at Jones Beach was canceled Monday as organizers cited weather concerns.
Heavy rain is prompting flash flood warnings and causing damage in parts of the New York and New Jersey area.
A seaplane carrying at least eight people made a hard landing in New York City's East River on Sunday, officials said.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
Severe thunderstorms swept through New York and New Jersey on Saturday night, causing damage amid Fourth of July festivities.
The brutal heat wave caused power problems across New York City on Friday.
New York City Thursday tied the record high temperature of 100 degrees set on this date in 1966.
The New York, New Jersey area is dealing with extreme heat as cooling centers, pools, parks and other resources try to keep residents cool.
Dangerously hot weather is beginning in the New York City area, with an Extreme Heat Warning about to go into effect.
A roof collapsed Monday morning amid heavy flooding in Ocean Township, N.J.
A whale that surfaced for air slammed into a New Jersey fire department's boat, capsizing it as it headed back from helping with Fourth of July security near New York City.
Heavy rain is prompting flash flood warnings and causing damage in parts of the New York and New Jersey area.
A community in Bergen County, New Jersey, was hit hard by Saturday's thunderstorms. Sheer devastation was visible in one Paramus neighborhood.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
A little girl was on vacation in Southampton when she was swept away by a creek and drowned in a Long Island bay, according to police.
The FourLeaf Air Show at Jones Beach was canceled Monday as organizers cited weather concerns.
Heavy rain is prompting flash flood warnings and causing damage in parts of the New York and New Jersey area.
Crowds still packed the Jones Beach shoreline to cool off, play and see the fireworks Saturday despite recent shark sightings and a bite to a swimmer's foot.
Severe thunderstorms swept through New York and New Jersey on Saturday night, causing damage amid Fourth of July festivities.
Brooklyn residents say loose boards and protruding nails on the Coney Island boardwalk have caused serious injuries.
CBS News previously reported President Trump was weighing pardons of a slate of people convicted of emissions and clean air-related violations.
President Trump hasn't committed to a firm number of people who will receive clemency — he's scheduled to have a meeting on pardons Friday afternoon, sources said.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
A cluster of Legionnaires' disease cases on New York City's Upper East Side is under investigation, health officials say.
Dozens of cyclosporiasis cases were reported across New York state between May 1 and June 16, the CDC says.
Westchester County health officials say people should avoid recreational activities along a stretch of the Hudson River until further notice due to a massive raw sewage discharge.
New Jersey is set to charge companies whose workers have Medicaid health coverage.
A federal judge has temporarily blocked the Justice Department from executing subpoenas in a criminal probe that sought transgender care records for patients treated at New York hospitals.
The Empire State Building lit up in blue for Taylor Swift and Travis Kelce's wedding Friday night.
Taylor Swift and Travis Kelce were married as they celebrated their wedding with hundreds of guests Friday at Madison Square Garden in New York City.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
Two elite event designers shared their thoughts on how Taylor Swift's team might transform Madison Square Garden.
Nolan McLean regrouped after a rough start and the Mets held off Atlanta's ninth-inning comeback attempt to beat the Braves 10-9 in a rain-delayed game on Sunday.
Joe Ryan scattered three hits in seven scoreless innings and the Twins won a series at Yankee Stadium for the first time since 2014 with a 6-1 victory on Sunday.
Balogun's reinstatement came after President Trump called FIFA President Gianni Infantino last week and asked for a review of the red card suspension.
The Twins hit six homers in a game for the first time in nearly three years to pull away for an 11-4 victory over the slumping Yankees on Saturday.
Serena Williams cited a knee injury behind her decision to withdraw from a doubles match at Wimbledon.
Brooklyn residents say loose boards and protruding nails on the Coney Island boardwalk have caused serious injuries.
The World Cup is renewing the call for ferry service from West Harlem.
As children cooled off in a splash pad steps from the empty Red Hook Pool, families in the neighborhood said they are once again waiting for answers about when the public pool will open for the summer.
Miss Subways was a citywide contest that highlighted everyday New York women doing amazing things. The competition no longer exists but former titleholders say the message still rings true.
Fans gathered at the Brooklyn Public Library on Thursday for limited-edition card marking 30 years of "Reasonable Doubt."
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.
The governor said $127 million are going to upgrades for technology at over 275 agencies across the state.
A Carteret Fire Department boat sank after a whale breached the water and struck the stern of the marine unit.
The FourLeaf Air Show at Jones Beach was canceled Monday as downpours and some strong storms are expected to impact Long Island.
A plane "made contact with a firework" as it traveled from Atlanta to Chicago.
The CEO of the MTA is giving riders some advice as rain, flooding, concerns and service disruptions could be possible during extreme weather.