Do you use PayPal or Venmo? The IRS is giving you a break.
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
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Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.
Truss faced a fast-mounting rebellion just weeks into her tenure, with a senior member of her own party declaring he'd "had enough of talentless people."
Americans like Melissa Velez filed for the government's standard deduction – which is now a $12,000 credit for taxpayers - and her return was nearly cut in half.
New rules unveiled by the IRS undermine some states' attempts to help residents keep a version of a popular federal income tax deduction.
The U.S. Department of the Treasury estimates 30 million Americans are being "under-withheld" this year.
Sue claims new $10,000 tax limit on state and local deductions aimed at hurting specific states.
The federal tax changes will affect states, like New Jersey, with some of the highest property tax rates in the country. On Friday, Gov. Phil Murphy signed a law that aims to provide some relief.
The fight over the new Republican tax law had some Democrats working hard to stop it. But now, it appears some of those lawmakers stand to benefit from the changes.
More than 50 people showed up at the Wyckoff Heights Medical Center on Saturday – not for medical advice, but to discuss taxes and how the plan that was passed in Washington might affect them.
The fight to protect New Yorkers from feeling taxed out from the federal tax plan got another player on Tuesday.
A growing number of companies say the new federal tax law will benefit their bottom lines, so they're sharing the windfall with workers.
With the new year brings a new federal tax code, which means higher taxes for many in our area because of the elimination of local and state deductions.
President Donald Trump could score his first legislative victory this week, as Congress is expected to vote on its tax overhaul plan.
One day after congressional leaders hammered out a tax reform agreement, Tri-State Area residents are calculating what the loss of key deductions will cost them.
President Donald Trump says the bill will lower the average American's tax bill, but it has some local lawmakers worried about state, local, and property taxes.
The Republican-led House approved a similar bill last month. Now, the two chambers will try crafting a final compromise to send to the president.
Suffolk County Executive Steve Bellone says the Republican tax proposal would be "absolutely devastating for Long Island."
Politicians from both sides of the aisle stood together Tuesday, urging their colleagues to slow the process and consider the ways they're hurting the northeast.
President Donald Trump is making another new push for his year-end agenda as he heads to the Capitol to rally Senate Republicans on taxes.
After the House narrowly approved the Republican tax bill, Cuomo was quick to criticize the four upstate New York Republicans who voted 'yes.'
The House voted 227-205 along party lines to approve the bill, which would bring the biggest revamp of the U.S. tax system in three decades.
Now that both the House and Senate have unveiled their plans, which slash or eliminate several deductions, including those for property taxes, many want to know what the proposals mean for them.
President Donald Trump is heading to Capitol Hill for a lunch with Senate Republicans.
President Donald Trump is set to head to Capitol Hill for action on a budget bill, and he hopes for a quick passage to move his agenda forward.
President Donald Trump is reaching across the aisle for help on his signature issue – tax reform.
New York City wound up with less snow than anticipated, but still the most in nearly four years.
Roadways across New Jersey got pelted with heavy bands of snow, sleet and freezing rain, putting state officials on high alert.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
If not for his brave actions, the baby girl might not be alive.
Drumming, dance and hands-on workshops marked the 18th year the Brooklyn Children's Museum is hosting what leaders call New York City's largest family Kwanzaa festival.
New York City wound up with less snow than anticipated, but still the most in nearly four years.
If not for his brave actions, the baby girl might not be alive.
Drumming, dance and hands-on workshops marked the 18th year the Brooklyn Children's Museum is hosting what leaders call New York City's largest family Kwanzaa festival.
It happened at the corner of Warburton and Ashburton Avenues at around 1:15 p.m.
A major winter storm pummeled the Tri-State Area with snow and ice after New York and New Jersey declared states of emergency.
New York City wound up with less snow than anticipated, but still the most in nearly four years.
A major winter storm pummeled the Tri-State Area with snow and ice after New York and New Jersey declared states of emergency.
Shovels and plows will be out later Friday as people in New York City and the surrounding area prepare for a blast of winter.
It's a First Alert Weather Day for Friday evening into Saturday morning due to accumulating snow that could be heavy at times.
Forecast model data continues to suggest that a general 4–8-inch snowfall is likely with this system.
New York City wound up with less snow than anticipated, but still the most in nearly four years.
Roadways across New Jersey got pelted with heavy bands of snow, sleet and freezing rain, putting state officials on high alert.
A major winter storm pummeled the Tri-State Area with snow and ice after New York and New Jersey declared states of emergency.
Smith previously played young Nala in "The Lion King" on Broadway.
Shovels and plows will be out later Friday as people in New York City and the surrounding area prepare for a blast of winter.
New York City wound up with less snow than anticipated, but still the most in nearly four years.
A major winter storm pummeled the Tri-State Area with snow and ice after New York and New Jersey declared states of emergency.
Suffolk County Police Commissioner Kevin Catalina blasted CVS for not releasing the surveillance video to police.
Shovels and plows will be out later Friday as people in New York City and the surrounding area prepare for a blast of winter.
It's a First Alert Weather Day for Friday evening into Saturday morning due to accumulating snow that could be heavy at times.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
Mamdani's team says the group of 48 includes "people from across fields and communities" and are "New Yorkers whose creativity, leadership and lived experience reflect the full life of the city."
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
A federal judge has given a green light to New York's so-called Green Light Law, rejecting the Trump administration's bid to stop the state from giving people driver's licenses without having them prove they're in the country legally.
A spike in measles cases in Rockland County has New York health officials urging families to get vaccinated.
Researchers on Long Island say they've found physical evidence of PTSD in World Trade Center first responders.
In New York, cases of flu, RSV and COVID have spiked since Thanksgiving.
There are at least 500 sudden and unexpected deaths in the city each year, and in roughly a fifth of those cases, a genetic cause can be detected.
UnitedHealthcare and NewYork-Presbyterian have roughly two weeks to reach an agreement or thousands of Medicare Advantage members could be forced to find care elsewhere.
Smith previously played young Nala in "The Lion King" on Broadway.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
Comedian and actor Bowen Yang performed his final sketch on "SNL" Saturday night, after announcing his unexpected mid-season exit from the show.
A judge Friday voided the conviction of one of the two men found guilty of the 2002 killing of Run-D.M.C. star Jam Master Jay.
The special features interviews with Kathy Bates, Annette Bening, Albert Brooks, Michael Douglas, Kiefer Sutherland, Jerry O'Connell and Mandy Patinkin.
Adam Pelech scored the tiebreaking goal late in the third period, and the New York Islanders beat the New Jersey Devils 2-1 on Tuesday night.
Taylor Raddysh and Alexis Lafreniere scored 68 seconds apart in a five-goal third period for the New York Rangers in a 7-3 win over the Washington Capitals on Tuesday.
Anthony Edwards scored 38 points to help the Minnesota Timberwolves beat former teammate Karl-Anthony Towns for the first time and hold off the New York Knicks 115-104.
Michael Porter Jr. scored 28 points, as the Brooklyn Nets beat the Philadelphia 76ers 114-106.
The Mets jettisoned another core player Monday, trading second baseman Jeff McNeil to the Athletics for minor league right-hander Yordan Rodriguez.
Drumming, dance and hands-on workshops marked the 18th year the Brooklyn Children's Museum is hosting what leaders call New York City's largest family Kwanzaa festival.
Federal funding cuts have left local organizations struggling to meet growing needs, prompting a borough-wide fundraising push to support food access, housing and other essential services.
What began as a middle school project has grown into hundreds of handwritten messages left across New York City, offering encouragement to strangers and revealing how a small gesture can resonate for weeks.
NYC says center-running bus lanes will speed up commutes and improve safety on one of Brooklyn's busiest corridors, but critics aren't so sure.
Nine Brooklyn Football Club partner bars are collecting shelf-stable food and winter coats to benefit 10 local schools.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
PSEG LI Director of Emergency Preparedness Larry Torres says very few people lost power, considering the forecast for heavy snow.
Bergen County executive Jim Tedesco gives an update on the conditions after New Jersey declared a state of emergency.
The bulk of the snow has passed, but there's a lot to cleanup in New York, New Jersey and Connecticut.
Charles "Skip" Vezzetti, Rockland County's superintendent of highways, says crews pretreated roads before the storm and most will be fully plowed by the time it stops snowing.
Ashton Altieri has the Tri-State Area's updated Saturday morning First Alert Forecast on CBS News New York.
