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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.
Masataka Yoshida hit a tiebreaking two-run single off Clay Holmes in a three-run eighth inning, and the Boston Red Sox overcame Aaron Judge's 470-foot home run to beat the reeling New York Yankees 9-7.
The New York Mets moved past the Braves for the top NL wild card berth, beating Atlanta 8-4 on Friday night behind J.D. Martinez's grand slam in a seven-run third inning but losing Kodai Senga to another injury in his season debut.
In a statement provided to CBS New York, Justin Timberlake's attorney claimed police made "a number of very significant errors in this case" and "we are confident that this charge will be dismissed."
At least a dozen cases of listeria have been reported across New York state in connection to a national outbreak linked to deli meat.
From footballs to fairways and pickoffs to putts – a Jets superstar recently revealed the surprising way he's coping with the mental side of pro-football.
In a statement provided to CBS New York, Justin Timberlake's attorney claimed police made "a number of very significant errors in this case" and "we are confident that this charge will be dismissed."
At least a dozen cases of listeria have been reported across New York state in connection to a national outbreak linked to deli meat.
A specialized New York City Police Department K-9 team is in Paris for the Summer Olympics to help with security.
The Harlem-based program the Doe Fund held a graduation ceremony this week for nearly 100 men who have overcome a variety of challenges through the "Ready, Willing and Able" program.
The median price of a single-family home in Westchester County, New York has topped $1 million for the first time.
The 2024 Paris Olympics are underway, featuring dozens of athletes from New York, New Jersey and Connecticut. See the full list of competitors from the Tri-State Area.
The NYC area will continue to see humid and cloudy weather today, before our Pick of the Week arrives tomorrow.
Another day means another round of showers for the New York City area, but there's hope around the corner.
NYC's unsettled weather continues today, with rain showers in the forecast through Thursday.
Lawmakers in New York, New Jersey and Connecticut are flocking to Vice President Kamala Harris' side.
A fire burned through a strip mall overnight in Fair Lawn, New Jersey, and severely damaged businesses.
The 2024 Paris Olympics are underway, featuring dozens of athletes from New York, New Jersey and Connecticut. See the full list of competitors from the Tri-State Area.
A 20-year-old suspect is in custody after he allegedly shot a Perth Amboy police detective in Rahway, New Jersey.
The NYC area will continue to see humid and cloudy weather today, before our Pick of the Week arrives tomorrow.
A police detective was shot Wednesday night while serving a warrant in Rahway, New Jersey.
In a statement provided to CBS New York, Justin Timberlake's attorney claimed police made "a number of very significant errors in this case" and "we are confident that this charge will be dismissed."
At least a dozen cases of listeria have been reported across New York state in connection to a national outbreak linked to deli meat.
Legendary Billy Joel played his 150th and final concert at famed Madison Square Garden on Thursday night.
Jacqueline Franchetti has been trying to get "Kyra's Law" passed for eight years, but keeps running into Albany roadblocks.
The Jets will hold their first training camp workouts on Wednesday in Florham Park, New Jersey.
Republican presidential nominee Donald Trump met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago resort in Florida.
The former president called Harris a "happy warrior" and vowed to do all he can to help her defeat former President Donald Trump in November.
Local leaders applaud this week's DOT announcement about safety upgrades coming to Cobble Hill, Brooklyn.
The president and vice president pressured Israel's Benjamin Netanyahu to reach a cease-fire deal for Gaza, but the truce talks may have suffered a new blow.
President Biden said it's been the privilege of his life to serve the country for over 50 years.
At least a dozen cases of listeria have been reported across New York state in connection to a national outbreak linked to deli meat.
Amid a widening listeria outbreak, Boar's Head is recalling all of its liverwurst products sold nationwide, as well as some deli meats.
New Yorkers in communities without easy access to supermarkets must decide what's more valuable? Time or money.
State records show the fund is facing a projected shortfall of $3 billion, and that shortfall is impacting the children.
At least seven people in New York have been sickened in a listeria outbreak linked to deli meats.
In a statement provided to CBS New York, Justin Timberlake's attorney claimed police made "a number of very significant errors in this case" and "we are confident that this charge will be dismissed."
Legendary Billy Joel played his 150th and final concert at famed Madison Square Garden on Thursday night.
Hundreds of the nation's top athletes will represent Team USA in Paris at the 2024 Olympics.
Billy Joel performs the last concert of his MSG residency Thursday in NYC. See how to get tickets, and how much they're going to cost you.
An album of dark songs recorded in a bedroom at his rented farmhouse in 1982, reflecting the upheaval in his life in-between "The River" and "Born in the U.S.A.," helped solidify Springsteen's status as one of music's most soulful voices.
Masataka Yoshida hit a tiebreaking two-run single off Clay Holmes in a three-run eighth inning, and the Boston Red Sox overcame Aaron Judge's 470-foot home run to beat the reeling New York Yankees 9-7.
The New York Mets moved past the Braves for the top NL wild card berth, beating Atlanta 8-4 on Friday night behind J.D. Martinez's grand slam in a seven-run third inning but losing Kodai Senga to another injury in his season debut.
From footballs to fairways and pickoffs to putts – a Jets superstar recently revealed the surprising way he's coping with the mental side of pro-football.
A specialized New York City Police Department K-9 team is in Paris for the Summer Olympics to help with security.
The 2024 Paris Olympics are underway, featuring dozens of athletes from New York, New Jersey and Connecticut. See the full list of competitors from the Tri-State Area.
The Harlem-based program the Doe Fund held a graduation ceremony this week for nearly 100 men who have overcome a variety of challenges through the "Ready, Willing and Able" program.
Elected local, state and federal leaders looked at the health of the Harlem River and its surrounding communities Friday as Congressman Adriano Espaillat hosted his third annual boat tour.
A Bronx food pantry says it's serving more people than ever before, but it's in dire need of basic equipment to run the operation.
Local leaders applaud this week's DOT announcement about safety upgrades coming to Cobble Hill, Brooklyn.
The bus is the talk of a South Ozone Park neighborhood after the MTA's public hearing on Wednesday.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
CBS New York's Lonnie Quinn has your First Alert Forecast for July 26 at 11 p.m.
Boar's Head is recalling some of its liverwurst and deli meats. At least one of the products may be connected to a nationwide listeria outbreak that's killed two people and sickened nearly three dozen people, including in New York and New Jersey. CBS New York's Alecia Reid reports.
Subway riders are voicing their thoughts after New York City began testing a controversial weapons detection system at a station in Lower Manhattan Friday. The goal is to help keep people safe, but not everyone is convinced it will work. CBS New York's Derick Waller reports.
Mayor Eric Adams announced the first phase of a weapons detection system program at a Lower Manhattan subway station Friday. CBS New York's Derick Waller reports.
How pigs are now being bred to help grow life-saving organs for humans; the pros and cons of asking a chatbot for medical advice; the clinic offering health care to pets and their owners, and what an age researcher says is a stunning new study about preventing HIV infections.