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 voters are heading to the polls Tuesday for the primary election, with several closely watched races on the ballot.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
The Timberwolves are trading Julius Randle and a first-round pick to the Nets as part of a three-team deal that also includes the Chicago Bulls, a person with knowledge of the terms told the AP.
Riley Greene homered and Kevin McGonigle drove in two runs as the Detroit Tigers beat Gerrit Cole for the first time in 10 years, winning 5-3 against the New York Yankees.
President Trump has insisted that vandals, rather than questionable craftsmanship, are responsible for the enduring problems following the Reflecting Pool's $14.7 million sealant job.
New York City voters are heading to the polls Tuesday for the primary election, with several closely watched races on the ballot.
The Timberwolves are trading Julius Randle and a first-round pick to the Nets as part of a three-team deal that also includes the Chicago Bulls, a person with knowledge of the terms told the AP.
Safety upgrades are coming to Westchester County Airport, which serves 2 million flyers every year. U.S. Transportation Secretary Sean Duffy announced on Monday what's planned.
There is a new kind of on-demand video messaging called "kosher cameos" that just launched on Long Island and it doesn't cost a thing.
New York City Mayor Zohran Mamdani is accused of using anti-Israel tropes to mobilize voters in the city's Democratic primaries.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Weather is tranquil and pleasant in the New York City area for Father's Day weekend as summer officially begins.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
A man from New Jersey was charged after he allegedly hit and killed two teen pedestrians in Townsend, Delaware, over the weekend.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
Traffic will be impacted in Midtown Manhattan as the city initiates shuttle bus corridors and street closures to accommodate World Cup ticketholders.
A small plane crashed into a lake in West Milford, New Jersey, on Saturday.
There is a new kind of on-demand video messaging called "kosher cameos" that just launched on Long Island and it doesn't cost a thing.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
Firefighters in Hempstead used a ladder truck to free a seagull that got tangled in a rope above a busy street.
Adventureland reopened Saturday, but its new Wave Twister ride remained closed one day after 15 kids and one adult were stranded on the ride for hours.
Fifteen children and one adult were rescued Friday evening after they got stuck on a ride at Long Island's Adventureland amusement park.
New York City voters are heading to the polls Tuesday for the primary election, with several closely watched races on the ballot.
Voters are going to the polls Tuesday for contests in New York, South Carolina, Maryland and Utah.
President Trump has insisted that vandals, rather than questionable craftsmanship, are responsible for the enduring problems following the Reflecting Pool's $14.7 million sealant job.
Safety upgrades are coming to Westchester County Airport, which serves 2 million flyers every year. U.S. Transportation Secretary Sean Duffy announced on Monday what's planned.
New York City Mayor Zohran Mamdani is accused of using anti-Israel tropes to mobilize voters in the city's Democratic primaries.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
When a large tent appeared next door to Taylor Swift's Watch Hill estate this week, it didn't take long for speculation about the superstar's impending nuptials to ripple through the affluent New England seaside village.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
A New York Knicks documentary series is in the works from director and Knicks superfan Ben Stiller.
The Timberwolves are trading Julius Randle and a first-round pick to the Nets as part of a three-team deal that also includes the Chicago Bulls, a person with knowledge of the terms told the AP.
Riley Greene homered and Kevin McGonigle drove in two runs as the Detroit Tigers beat Gerrit Cole for the first time in 10 years, winning 5-3 against the New York Yankees.
New York is forming an exploratory committee to evaluate the potential of hosting the Winter Olympics for the first time since 1980.
Kyle Schwarber and Bryce Harper each homered for the second consecutive game, and Zack Wheeler struck out seven as the Philadelphia Phillies defeated the New York Mets 6-2.
Wyndham Clark began the final round up six shots, but ended up winning by just one, securing his second U.S. Open title in four years.
Experts say the team's title run created a feeling of collective joy and connection, while some local businesses are also seeing a boost from the celebration.
Knicks fans who couldn't make it to Thursday's parade still found a way to celebrate across New York in true blue-and-orange fashion.
A vending machine in Coney Island is offering something unusual alongside the neighborhood's classic attractions: original artwork from local artists.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
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 governor's office said the state was notified that the federal government was planning to sue New York over new ICE restrictions.
The Legacies of Champions exhibit at the FIFA Museum in New York City celebrates soccer legends and the World Cup. CBS News New York's Luis Miguel Echegaray reports.
The NYPD is searching for the shooter who killed a 21-year-old man in the Belmont section of the Bronx.
Horse carriage rides are resuming Tuesday in Central Park following the death of an 18-year-old tourist from India. CBS News New York's Aziza Shuler reports.
The wet weather isn't over yet, as the Tri-State can expect more showers on Tuesday. CBS News New York Meteorologist Tony Sadiku has the forecast.
