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.
As Iran threatens to mine the entire Persian Gulf, Trump says his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
Two pilots were killed and dozens of people injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and fire and rescue vehicle collided, authorities said.
Ilya Sorokin made 26 saves for his NHL-leading seventh shutout of the season, and the Islanders moved back into a playoff spot with a 1-0 victory over the Blue Jackets on Sunday night.
Karl-Anthony Towns had 26 points and 16 rebounds, Jalen Brunson scored 23 points and the Knicks beat the Wizards 145-113 on Sunday night for their sixth straight victory.
Malik Monk scored 10 of his 32 points in the final five minutes, Devin Carter made a pair of clutch free throws with 6.6 seconds remaining and the Sacramento Kings held off the Brooklyn Nets 126-122.
Dylan Darling hit a driving layup as time expired, and St. John's advanced to its first Sweet 16 since 1999 with a 67-65 victory over Kansas on Sunday.
Leqaa Kordia, a Columbia University protester who was detained by ICE for more than a year, spoke out Sunday for the first time since her release last week.
New York City Comptroller Mark Levine was the first to sound the alarm about New York City's massive budget gap.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
A fundraiser to save the Mermaid Parade is nearing it's goal. The annual art parade is a summertime staple in Coney Island. This year, however, it's in jeopardy.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
The New York City area will be under a wind advisory Monday with periods of heavy rain and severe thunderstorms expected across the region.
The New York area is in for a mild weekend before the weather takes a turn to start the work week.
It will be rainy on Thursday morning, and the weather will change to snow as temperatures drop across the Tri-State Area.
Thunderstorms are expected in New York, New Jersey and Connecticut this weekend after severe weather hit the Midwest.
Leqaa Kordia, a Columbia University protester who was detained by ICE for more than a year, spoke out Sunday for the first time since her release last week.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
A New Jersey teen attending yeshiva school in Israel is back home after a journey that took him through three countries, at times on foot.
Gov. Mikie Sherrill accused ICE of ignoring the concerns of Roxbury residents after it bought the vacant warehouse on Route 46.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
Two of the most storied programs in men's college basketball, St. John's and Kansas, will battle it out later Sunday.
A Long Island teenager accused of killing his ex-girlfriend in November allegedly plotted to burglarize the victim's home.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
It may not feel like spring right away, but Friday's weather does deliver a clear shift in the air in New York City.
Leqaa Kordia, a Columbia University protester who was detained by ICE for more than a year, spoke out Sunday for the first time since her release last week.
New York City Comptroller Mark Levine was the first to sound the alarm about New York City's massive budget gap.
Most Republicans, especially MAGA, continue to support the US action and express a lot of confidence in Trump personally.
The Supreme Court will consider whether states can count mail ballots that are postmarked by Election Day but arrive after.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
What started as a sinus infection left a Long Island teenager fighting for his life, requiring emergency brain surgery.
Older adults in New Jersey recorded the highest number of suspected overdose deaths in 2025, according to the New Jersey Department of Health.
The first case of mpox clade I has been detected in New York City, health officials said Friday. Of the two types of mpox, clade I is known to cause more severe disease and death.
Heights University Hospital, formerly known as Christ Hospital, shuttered its emergency room Saturday night.
New Jersey Sen. Andy Kim is opening up about his father's Alzheimer's diagnosis in hopes of helping others struggling like him to care for their loved ones.
CBS News announced Friday that CBS News Radio will be shutting down this spring after nearly 100 years of broadcasting, citing "challenging economic realities."
Bodycam video footage of Justin Timberlake's June 2024 DWI arrest on Long Island was released to the media Friday.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Michael B. Jordan's best actor win at Sunday night's Academy Awards resonated at his alma mater, Arts High School in Newark.
Ilya Sorokin made 26 saves for his NHL-leading seventh shutout of the season, and the Islanders moved back into a playoff spot with a 1-0 victory over the Blue Jackets on Sunday night.
Karl-Anthony Towns had 26 points and 16 rebounds, Jalen Brunson scored 23 points and the Knicks beat the Wizards 145-113 on Sunday night for their sixth straight victory.
Malik Monk scored 10 of his 32 points in the final five minutes, Devin Carter made a pair of clutch free throws with 6.6 seconds remaining and the Sacramento Kings held off the Brooklyn Nets 126-122.
Dylan Darling hit a driving layup as time expired, and St. John's advanced to its first Sweet 16 since 1999 with a 67-65 victory over Kansas on Sunday.
Lionel Messi scored the equalizer off a free kick in the second half before helping to set up Micael dos Santos' winner and Inter Miami beat NYCFC 3-2 at Yankee Stadium on Sunday.
A new performing arts venue with a focus on immigrant stories is opening in Upper Manhattan this fall. CBS News New York's Noëlle Lilley got an exclusive tour of the construction that will give The People's Theatre its first home in more than 15 years.
Members of the Apollo Theater, where Kiki Shepard left her mark for 15 years, reflect on her legacy after the Harlem icon's death at age 74.
The Rev. Al Sharpton is calling on New York City to help protect the Merchant's House Museum in Manhattan after a recent discovery revealed connections to the Underground Railroad.
A Harlem school is teaching students how to love, honor and care for their natural hair.
The NYC DEP has announced plans to clean Flushing Creek with chlorine, sparking outrage among some environmentalists.
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.
A New York State law that went into effect Saturday bans retail stores from refusing to accept cash as a form of payment.
It's a rainy and grey start to the week, but a warmup is on the way for the Tri-State Area. CBS News New York Meteorologist Tony Sadiku has the forecast.
Executive Director of the Port Authority of New York and New Jersey Kathryn Garcia said two pilots were killed and dozens were injured after a crash at LaGuardia Airport.
Two pilots were killed and dozens of people injured at New York's La Guardia Airport late Sunday night when an arriving Air Canada Express plane and firetruck collided on a runway, authorities said.
CBS News New York's Allen Devlin has the latest on the incident, which closed the airport just after 11:30 p.m. on Sunday.
