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.
The cluster is centered in the Morrisania and Melrose sections, where 10 cooling towers had to be cleaned and disinfected by Monday.
A New York City Council committee will be raising questions about the use of technology in the classroom, including screen time and AI, at a hearing Tuesday.
The Yankees beat the Twins 8-3 Monday on a night they clinched their 61st postseason berth and ninth in 10 seasons.
Pete Alonso went hitless in his return to Citi Field but Gunnar Henderson launched a tiebreaking home run in the eighth inning Monday night that lifted the Orioles to a 2-1 win over the Mets.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
The cluster is centered in the Morrisania and Melrose sections, where 10 cooling towers had to be cleaned and disinfected by Monday.
A New York City Council committee will be raising questions about the use of technology in the classroom, including screen time and AI, at a hearing Tuesday.
The Yankees beat the Twins 8-3 Monday on a night they clinched their 61st postseason berth and ninth in 10 seasons.
Brooklyn Greenway Initiative's 1.8-acre native plant sanctuary marks 10 years at a site where historians believe hundreds of human remains still lie
The clock is ticking on 10 locations in the Bronx, where cooling towers are linked to a deadly Legionnaires' disease cluster.
Fire departments were hard at work in Paterson, New Jersey, and Fairfield County, Connecticut, due to flash flooding on Sunday morning.
Rainy weather makes a return to the New York City area this weekend.
After a week filled with periods of storminess and high humidity, a calmer and drier weather pattern is settling in for the holiday weekend.
Severe storms returned to the Tri-State Area, making it a soggy Thursday morning.
The rain returns Tuesday with the possibility of severe storms and downpours that can cause flash flooding in the New York City area.
Thousands of gallons of diesel fuel spilled from an AI data center in Secaucus, the New Jersey Department of Environmental Protection said.
Fire departments were hard at work in Paterson, New Jersey, and Fairfield County, Connecticut, due to flash flooding on Sunday morning.
Breece Hall ran for 102 yards and a touchdown, Geno Smith threw for 215 yards in his Jets return, and the Jets defeated the Titans 23-10 on Sunday.
Rainy weather makes a return to the New York City area this weekend.
The tragedy of 9/11 hit one New Jersey community harder than any other. Middletown had 37 residents killed in the attacks, more than any other town outside the five boroughs.
A school bus company says it has disciplined a driver after she dropped a 5-year-old off at the wrong bus stop on Long Island last week.
A school bus company says it has disciplined a driver after she dropped a 5-year-old off at the wrong bus stop on Long Island last week. CBS News New York's Carolyn Gusoff reports.
Remembrance ceremonies continue this weekend to mark 25 years since the 9/11 terror attacks. Saturday, New Yorkers in a small hamlet on Long Island paid tribute to their first responders who died that day. CBS News New York's Allen Devlin reports.
The New York City area marked 25 years since the moment the city changed forever and thousands of friends, family and loved ones were killed. CBS News New York's Dick Brennan, Jennifer McLogan and Larry Ridley report.
NYPD Officer Karen Selena Hill was one of almost 800 recruits to graduate from the NYPD Academy class that was pushed into active duty while still training on 9/11.
The Supreme Court left intact a ruling that blocked the U.S. Postal Service from enforcing new regulations for mail voting, rejecting the Trump administration's effort to move forward with the rules in the midterms.
The clock is ticking on 10 locations in the Bronx, where cooling towers are linked to a deadly Legionnaires' disease cluster.
Manhattan District Attorney Alvin Bragg on Monday discussed the seizures of celebrity deepfake websites that use AI to alter video, audio or pictures to realistically mimic famous people.
Some 8.2 million New York households will start receiving energy rebate checks worth up to $200 starting next week, Gov. Kathy Hochul said Monday.
Two lawsuits were filed in New York against the Trump administration to prevent a policy dissuading immigrants from using public benefits.
Affordable Care Act recipients in 30 states are set to receive the $500 checks starting in October. Here's why.
One person has died and a total of five people have been sickened by Legionnaires' disease in the Bronx.
As of late August, the September 11th Victim Compensation Fund has received 112,000 claims, awarding more than $18 billion.
A cosmetic treatment that promises breast enhancement without surgery is now at the center of a fight over who regulates human tissue in New York.
Twenty-five years after the terrorist attacks on Sept. 11, 2001, the health threat hasn't ended for many survivors.
The 78th Primetime Emmy Awards celebrated the best in television and streaming from the past year on Monday. See the full list of winners and nominees.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
Some are calling for Macklemore to be removed from Ed Sheeran's Loop tour after he used part of his opening performance on Friday and Saturday nights at MetLife Stadium to share his pro-Palestinian views about the war in Gaza.
The Yankees beat the Twins 8-3 Monday on a night they clinched their 61st postseason berth and ninth in 10 seasons.
Pete Alonso went hitless in his return to Citi Field but Gunnar Henderson launched a tiebreaking home run in the eighth inning Monday night that lifted the Orioles to a 2-1 win over the Mets.
Jaxson Dart connected with Isaiah Likely for two touchdowns and Devin Singletary on another, and the Giants opened the season with a 28-20 win over the Cowboys on Sunday night.
Germany's Alexander Zverev won his second Grand Slam after finally taking home his first major title earlier this year at the French Open.
Cam Schlittler took over the major league ERA lead, combining on a three-hitter that helped the Yankees close in on a record 61st postseason berth with a 2-0 win over the Mets on Sunday.
Brooklyn Greenway Initiative's 1.8-acre native plant sanctuary marks 10 years at a site where historians believe hundreds of human remains still lie
At a Bay Ridge school, students who were born years after the attacks are learning about Sept. 11 through the stories of parents, teachers and first responders who lived through it.
Former Mets players from the 2001 season were at Ladder 25 on the Upper West Side on Tuesday.
Grammy and Emmy Award-winning musician Lizzo made a surprise visit to meet Brooklyn students and debut her new children's book.
A Bronx pizzeria is proving that kindness is contagious by giving slices to hungry New Yorkers.
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 mayor's "Vote on Faster Government" campaign is aimed at informing voters about five ballot questions they will be facing on Election Day in November.
Health officials will discuss the cluster that killed one person and has left three hospitalized. CBS News New York's Elijah Westbrook reports.
The NYC Council is holding a hearing about possibly cutting back screen time for students. CBS News New York's Aziza Shuler reports.
It's a crisp start to Tuesday with temperatures in the upper 50s in NYC and 40s across the suburbs. CBS News New York Meteorologist Tony Sadiku has the forecast.
CBS News New York's Lonnie Quinn says there is a slight chance of a shower on Friday, but otherwise we're looking at a very nice late-summer week.
