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.
Francisco Lindor scored the winning run on a throwing error in the 10th to lead the Mets past the Brewers 3-2 on Tuesday night.
The Houston Astros beat the New York Yankees 9-7 on Tuesday night.
A CBS News New York investigation has found that a car registered to the former police chief of Tuckahoe in Westchester County was involved in multiple reported hit-and-runs within minutes.
New Yorkers have a chance to snag discounted tickets to the U.S. Open.
A 9/11 memorial in Jersey City that's in need of repairs and maintenance is getting help from actor Gary Sinise's foundation.
A CBS News New York investigation has found that a car registered to the former police chief of Tuckahoe in Westchester County was involved in multiple reported hit-and-runs within minutes.
New Yorkers have a chance to snag discounted tickets to the U.S. Open.
The Anne Frank Tree in Liberty Park in Lower Manhattan is struggling to survive.
NYC's Empire State Building paid tribute to music legend Dolly Parton Tuesday night. Parton, 80, died Tuesday in Nashville, her family announced.
State officials sent letters to agencies across New York instructing them to unwind agreements with ICE by Tuesday.
A nice stretch of weather kicks off the week in the New York City area before a heightened chance of rain returns.
Along with the increasingly humid conditions comes another chance of showers and storms overnight Saturday into Sunday.
Rainy weather returns to the New York City area Sunday, bringing with it the threat of flooding.
Bayonne, New Jersey, is heading to the Little League World Series after beating Darien, Connecticut, in the Metro Region Tournament on Friday.
We're in great shape on this Friday as we gear up for another weekend.
A 9/11 memorial in Jersey City that's in need of repairs and maintenance is getting help from actor Gary Sinise's foundation.
Bayonne, New Jersey, is out of the Little League World Series after losing to Hamilton, Ohio, on Tuesday night.
Dozens of syringes and other debris were found on the beach in Manasquan on the Jersey Shore over the weekend.
A New Jersey woman is trying to understand how a shocking message was left on her birthday dessert at a local restaurant.
A small earthquake was detected in Morris County, New Jersey, on Saturday, officials say.
Starting in September, the Long Island Rail Road will offer year-round service to Montauk.
After years in the making, a team of surgeons successfully performed the first pancreas-kidney transplant on Long Island. Despite complicated risks, the first patient selected was all in. As CBS News New York's Jennifer McLogan reports, the patient says the double transplant saved his life.
The names include people who died from 9/11-related illnesses.
A man was arrested after investigators said they found 23 guns and hundreds of grams of various illegal drugs at his Long Island home.
A funeral was held Sunday for a Long Island woman who died after her SUV plunged into a backyard pool.
State officials sent letters to agencies across New York instructing them to unwind agreements with ICE by Tuesday.
A coalition representing 1,000 minority-owned bodegas and supermarkets is suing to stop New York City Mayor Zohran Mamdani's plan to build five city-run grocery stores.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
The meeting came with Democrats expected to take control of the House in the November elections, which would put Jeffries in line to become the next House speaker.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the tariff fight with Canada could extend U.S. inflation, should the tense trade dynamic between the historically allied countries continue.
Pennsylvania has recorded its first two deaths connected to measles in 35 years.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
A New Yorker has tested positive for West Nile virus, the city health department announced Wednesday.
Researchers say an alarming study on cognitive decline is specific to the African American community in Newark, New Jersey.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
President Trump said that he would be "lowering the American flag" throughout the nation for one week in Dolly Parton's honor.
NYC's Empire State Building paid tribute to music legend Dolly Parton Tuesday night. Parton, 80, died Tuesday in Nashville, her family announced.
Dolly Parton became an icon over her six-decade career as a Grammy-winning singer-songwriter, movie and TV star and theme park owner who donated millions to help others.
The AMC Kips Bay 15 on Second Avenue has been open since 1999 but will shut down at the end of 2026, according to a spokesperson.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Francisco Lindor scored the winning run on a throwing error in the 10th to lead the Mets past the Brewers 3-2 on Tuesday night.
The Houston Astros beat the New York Yankees 9-7 on Tuesday night.
New Yorkers have a chance to snag discounted tickets to the U.S. Open.
Bayonne, New Jersey, is out of the Little League World Series after losing to Hamilton, Ohio, on Tuesday night.
Defender James Sands made a spectacular goal clearance before scoring in first-half stoppage time to help NYCFC earn a 1-1 draw with the New England Revolution on Sunday.
The DSNY reported an increase in needle stick injuries for New York City sanitation workers.
A Queens homeowner says that overgrown city trees on her block are creating a safety hazard at night.
Neighbors say Flushing Meadows Corona Park has been falling into disrepair for years.
The owner of a beloved Harlem food truck known for its burgers under $5 is retiring and selling the business.
The historic Art Deco bathhouse at Jacob Riis Park is getting a new life as the Rockaway Ocean Club. But as the long-dormant building reopens, some locals are questioning who will have access to its amenities.
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.
As part of a race on the Lower East Side this weekend, two winners will walk away with one month of free rent, up to $4,000.
CBS News New York's Lonnie Quinn has your First Alert Forecast for August 25 at 11 p.m.
Starting in September, the Long Island Rail Road will offer year-round service to Montauk.
Police are searching for a gunman accused of killing two men in separate shootings just two days apart. CBS News New York's Naveen Dhaliwal reports.
The NYPD says a 16-year-old has turned himself in for the deadly shooting of another teenager.
