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.
Watch CBS News
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.
Looking overseas, there is wide opposition to the idea of taking Greenland by force.
The Phoenix Suns beat the slumping New York Knicks 106-99 on Saturday night.
The Carolina Hurricanes beat the New Jersey Devils 4-1 on Saturday night.
Moderate to heavy snow is falling in New York City and across the Tri-State Area on Sunday.
Since October, WestJet had added an extra row of seats to nearly two dozen aircraft.
Moderate to heavy snow is falling in New York City and across the Tri-State Area on Sunday.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a five-year contract to coach Big Blue.
Shimamura most recently served as the City Department of Parks and Recreation's Manhattan borough commissioner, Mamdani said.
The New York City Fire Department spent hours battling a raging fire above a tire shop in Queens early Saturday.
A Brooklyn church is demanding answers after they say one of their leaders was detained by ICE agents this week.
Moderate to heavy snow is falling in New York City and across the Tri-State Area on Sunday.
David Grullon Jr. killed a 34-year-old Connecticut man after he fired a gun and the bullet went through the wall.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
Two men posing as Amazon delivery workers held a Connecticut homeowner at gunpoint while robbing him and his wife, police said.
Wednesday night, things begin to change. Showers linger, and areas well north and west may pick up some light snow.
Moderate to heavy snow is falling in New York City and across the Tri-State Area on Sunday.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a five-year contract to coach Big Blue.
New Jersey officials are warning residents to be careful after a resident reported their small dog was possibly attacked by a coyote.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
A data company is finding that some Airbnb hosts in New Jersey are charging a lot for the time period around upcoming World Cup matches.
Moderate to heavy snow is falling in New York City and across the Tri-State Area on Sunday.
A Long Island nurse was seen on a nanny camera hitting a non-verbal child that he was caring for, leaving bruises on the boy's body.
The first of this weekend's two rounds of snow blanketed the Tri-State Area on Saturday.
A federal judge ruled the Empire Wind project can move forward while he considers the merits of the Trump administration's order to suspend it.
Hochul said she would commit $1.7 billion in the next budget to expand child care in New York in her 2026 state of the state address.
Looking overseas, there is wide opposition to the idea of taking Greenland by force.
Shimamura most recently served as the City Department of Parks and Recreation's Manhattan borough commissioner, Mamdani said.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
New York City Council Speaker Julie Menin announced a five-point plan to combat hate crimes against Jewish New Yorkers.
New York City Comptroller Mark Levine said NYC faces a budget shortfall of $2.2 billion this fiscal year, and $10.4 billion in FY2027.
Negotiators for major New York City hospitals and the state nurses union returned to the bargaining table as the city's largest nurses strike enters a fifth day.
Nurses continue to hold the picket line as the largest nurses' strike in New York City history is on its third day with no end in sight.
Nurses say health care benefits and workplace safety are their main reasons for striking, and are refusing to go back to work until their demands are met.
Loved ones of patients at hospitals in New York City are concerned about care as nurses continue to strike due to failed contract negotiations on Monday.
The New York State Nurses Association said it called for the strike as negotiations stalled with the city's wealthiest hospitals.
Kianna Underwood, a former Nickelodeon child actress, was identified as the woman killed in a hit-and-run in Brooklyn.
John Forté, the Grammy-nominated musician known for his work with the Fugees, was found dead in his home in Massachusetts.
The 2026 Golden Globes honored the standouts in both film and television from last year. See the full list of winners and nominees.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
The Phoenix Suns beat the slumping New York Knicks 106-99 on Saturday night.
The Carolina Hurricanes beat the New Jersey Devils 4-1 on Saturday night.
Adam Klapka had a goal and an assist as the Calgary Flames beat the New York Islanders 4-2 on Saturday.
Mika Zibanejad became the Rangers' all-time leader in power-play goals in New York's 6-3 win over Philadelphia.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a five-year contract to coach Big Blue.
A group in Queens has banded together to revive landlines and give their children a simpler way to socialize.
A city-approved plan to rezone a stretch of Atlantic Avenue is expected to bring thousands of new apartments to Brooklyn, but tenant advocates say the deal falls short for lower-income residents and could accelerate displacement.
A three-year pilot run by the Brooklyn Justice Initiative and the Mayor's Office of Criminal Justice aims to improve court compliance and reduce recidivism by meeting participants where they live.
Harlem native Teyana Taylor wins her first major acting honor at the 83rd Golden Globes Awards for her performance in Paul Thomas Anderson's "One Battle After Another." Locals say it's a win for the whole neighborhood.
Legislation would protect and expand hunger programs and improve benefit security as New York pantries see rising demand.
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.
CBS News New York's Scott Padgett says snow is again starting to fill in throughout the Tri-State Area.
CBS News New York's Scott Padgett says some of the heavier snow on Sunday night is shifting east.
Scott Padgett has the Tri-State Area's updated Sunday afternoon First Alert Forecast at 3 p.m. on CBS News New York.
Scott Padgett has the Tri-State Area's updated Sunday afternoon First Alert Forecast on CBS News New York.
Some parents teach their kids to always try to do the right thing or to not talk with your mouth full. New Yorkers are weighing in on manners.
