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.
Bo Bichette singled off Matt Festa to score automatic runner Francisco Lindor in the 10th inning, helping the Mets to a wild 6-5 victory over the Guardians.
The Bayonne 12U Little League team from New Jersey is heading to the Metro Region Tournament with their sights set on the Little League World Series.
New York City is activating its heat and flash flood emergency plans for Thursday and Friday due to dangerous heat and storms in the forecast.
At least 345 people — the majority in Colorado and Minnesota — have been sickened by a salmonella outbreak, according to the U.S. Centers for Disease Control and Prevention.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
New York City is activating its heat and flash flood emergency plans for Thursday and Friday due to dangerous heat and storms in the forecast.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
Questions are growing within the law enforcement community about how one of the Mount Vernon Police Department's top leaders was vetted.
The countdown to the 2026 US Open in New York City is on, but some tennis fans are frustrated by how much it costs to get in.
A man is accused of intentionally setting a fire that destroyed a historic Brooklyn church in June.
New York City and parts of New Jersey were under a flood watch due to downpours and strong storms Monday.
Stormy weather will return to the New York City area on Monday, bringing the threat of heavy rain and storms that may lead to flash flooding.
There's been a report of a bigfoot sighting near the Pachaug State Forest in Connecticut.
Heavy rain is complicating efforts to recover a teenage boy from the West River in New Haven. Strong currents and an increased flow have made the job even more difficult.
It's another rainy day in the Tri-State Area with a flood watch for parts of New York and Connecticut.
The Bayonne 12U Little League team from New Jersey is heading to the Metro Region Tournament with their sights set on the Little League World Series.
The family of a man who died at the Delaney Hall immigration detention center in Newark, New Jersey, is demanding justice.
Protesters gathered at the gates of Delaney Hall immigration detention center in Newark, New Jersey, Monday following the death of an ICE detainee.
The power was restored Tuesday morning after going out at the American Dream Mall in East Rutherford, N.J. Monday afternoon.
Strong downpours have dumped rain on parts of New York and New Jersey that are still recovering from last week's severe weather.
The Long Island Aquarium is asking the public to help name its newest resident – a Giant Pacific octopus.
Dangerous rip currents have been reported across New York area beaches in recent weeks, causing dozens of ocean rescues. As CBS News New York's Carolyn Gusoff reports, officials in the Town of Hempstead began a safety campaign Wednesday to educate swimmers on how to break the grip of a rip.
Communities across New York City and Long Island came together Tuesday for National Night Out.
On Long Island, a farm is helping kids cope using therapy horses. CBS News New York's John Dias reports.
Suffolk County Police are trying to identify an Asian man whose body was discovered on Gilgo Beach in 2011.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
The Medical Aid in Dying law allows terminally ill adults to request a doctor to prescribe them lethal medication.
Former state health official Abdul El-Sayed faced Rep. Haley Stevens in the Democratic Senate primary in Michigan in a closely watched contest that represented the latest test of the party's divisions.
Federal authorities arrested a man who appeared to be monitoring security-planning activities at Trump National Golf Club in LA County ahead of the president's Southern California visit.
In total, 17 bills will be introduced in the City Council next month to increase safety regulations around e-bikes and e-scooters, while also strengthening enforcement of existing laws.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
The source of exposure for the Legionnaires cluster on Manhattan's Upper East Side has been eliminated, according to the New York City Health Department.
A seventh person has died from Legionnaires' disease in connection with the Upper East Side cluster, New York City's health commissioner said Thursday.
Thirty-four cooling towers at 33 buildings on the Upper East Side tested positive for live Legionella bacteria, the New York City Health Department announced Tuesday.
An attorney representing an Upper East Side woman whose husband just died from Legionnaires' disease is planning to take legal action.
Actor and comedian Bowen Yang will portray Mary Todd Lincoln in Broadway's "Oh, Mary!" for a limited 12-week run starting in September.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
Bo Bichette singled off Matt Festa to score automatic runner Francisco Lindor in the 10th inning, helping the Mets to a wild 6-5 victory over the Guardians.
The Bayonne 12U Little League team from New Jersey is heading to the Metro Region Tournament with their sights set on the Little League World Series.
The countdown to the 2026 US Open in New York City is on, but some tennis fans are frustrated by how much it costs to get in.
The New York Yankees beat the St. Louis Cardinals 2-0 on Tuesday night.
The New York Mets defeated the Cleveland Guardians 6-2 on Tuesday night to snap a three-game losing streak.
Harlem Week 2026 brings past and present Harlemites together to honor the neighborhood's legacy.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
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.
CBS News New York's Scott Padgett has your First Alert Forecast for August 5 at 11 p.m.
A New Jersey Little League team has already made history by winning the state title, but the boys aren't done yet. They're vying for a chance at the Little League World Series. CBS News New York's Allen Devlin reports.
A 16-year-old was struck and killed by a Metro-North train Wednesday night in Norwalk, Connecticut.
Police made an arrest Wednesday in a raging fire that destroyed a historic church in Bushwick back in June. CBS News New York's Adi Guajardo reports.
Two sanitation workers are in the hospital after a crash in the Bronx.
